460,000 companies closed in Vietnam in the first half of 2022! 3.1 million business households written off! Business liquidations soar 23% year-on-year! Employment pressure is huge! There are 10.76 million college graduates entering society and another 80 million young people unemployed (20%). Housing and stock market collapse at the drop of a hat under a dynamic clearing policy! After the mortgage, car loan and rent are breaking, and the take-out and taxi employment are saturated, where should the unemployed move to? Ten years seems to be an extremely long time, however, ten years is fleeting enough to define an era, the next ten years will be very cruel, very tragic, we will see. Vietnam's real estate thunderstorm triggered the subprime mortgage crisis Vietnam's real estate market accelerated its downward spiral, with major real estate companies successively crashing and defaulting on their debts, and the properties they had developed were falling apart. The owners who could not get the house and had to continue to pay the bank mortgage decided to "collectively cut off the mortgage" until the development resumed construction. According to Kerry data, by 2021, the delayed delivery of properties in 24 key cities will reach 186,000 units, equivalent to 9% of new home sales in 2021.

460,000 companies closed in Vietnam in the first half of 2022! 3.1 million business households written off! Business liquidations soar 23% year-on-year! Employment pressure is huge! There are 10.76 million college graduates entering society and another 80 million young people unemployed (20%). Housing and stock market collapse at the drop of a hat under a dynamic clearing policy! After the mortgage, car loan and rent are breaking, and the take-out and taxi employment are saturated, where should the unemployed move to? Ten years seems to be an extremely long time, however, ten years is fleeting enough to define an era, the next ten years will be very cruel, very tragic, we will see. Vietnam's real estate thunderstorm triggered the subprime mortgage crisis Vietnam's real estate market accelerated its downward spiral, with major real estate companies successively crashing and defaulting on their debts, and the properties they had developed were falling apart. The owners who could not get the house and had to continue to pay the bank mortgage decided to "collectively cut off the mortgage" until the development resumed construction. According to Kerry data, by 2021, the delayed delivery of properties in 24 key cities will reach 186,000 units, equivalent to 9% of new home sales in 2021.