The Vietnam Association of Realtors (VARS) made the above statement in a report on the health of real estate investment and development enterprises just released. 
However, according to the association, the support policies from last year to now have not helped businesses to cling to, creating momentum to "rise to the surface". Therefore, if not timely, businesses will enter the "choking water, stopping breathing simultaneously" stage.
This unit also proposes to divide troubled businesses into 3 groups to save. 
The first group is businesses that still have strength - "with signs of survival" but need to pilot approval, directly solve problems, and get businesses out of danger to continue doing business and bring goods into the country. This option prioritizes urgent projects and large enterprises that strongly influence the market. 
A second is a group of weak enterprises that cannot implement projects but have completed legal procedures and need to organize investment promotion programs. This solution aims to connect investors with investors to make investment calls M&A. Finally, there is a group of businesses that have backlog projects with many problems while they are no longer capable of implementing projects. According to VARS, the regulator may consider buying this group's projects and then completing the encumbrance and auction procedure to select new investors.

The Association of Brokers once again reiterated the real estate market's difficulties, such as lack of supply, decrease in demand and transactions, loss of market, and lack of cash flow. In the first quarter of this year, the supply to the market was about 25,000 products, mainly inventory from old projects. And last year, the supply to the market was about 48,500 products, just over 20% of 2018.
According to VARS, the statistics of 20 listed real estate enterprises with the largest total assets by the end of 2022 show that many units have sharply cut staff. Dat Xanh Group Joint Stock Company (DXG) and its subsidiary XDS decreased by 41% and 45%, respectively. No Va Real Estate Investment Group Joint Stock Company decreased by 20%, Sunshine Homes decreased by 16%, and An Gia decreased by 29%. In the first 3 months of the year, cuts continued when DXG reduced 1,245 employees, and Vinhomes reduced more than 1,500 people.
Besides human resources, enterprises also have to reduce the scale of investment in production and business, stop or postpone investment or develop new projects.
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