Vietnam’s property giants post hefty losses

Vietnam is seeing real estate developers struggling with multiple challenges and an unprecedented slowdown, with some property giants reporting losses of hundreds of billions of Vietnamese dong. The local property market is in downbeat mood as most major real estate companies are facing a financial crunch. The embattled real estate company blamed its negative business results on the gloomy property market. Vietnam is seeing real estate developers struggling with multiple challenges and an unprecedented slowdown, with some property giants reporting losses of hundreds of billions of Vietnamese dong. The embattled real estate company blamed its negative business results on the gloomy property market.