“Money circulate of actual property companies is like oxygen for Covid-19 sufferers”

In response to an actual property enterprise in Ho Chi Minh Metropolis, the enterprise is at the moment dealing with many difficulties on the similar time. Together with, troublesome money circulate to keep up the operation, troublesome initiatives that can’t be applied on schedule as a consequence of stoppage of building works, troublesome authorized procedures and one other issue is that financial institution rates of interest are nonetheless required. closed “usually” month-to-month.

Ms. Nguyen Huong, CEO of Dai Phuc Land, stated that the large problem for actual property companies at the moment is money circulate to keep up operations, by which, companies nonetheless need to pay curiosity to the financial institution each month when the earnings supply encounters difficulties. Problem translating. “Though Dai Phuc Land’s debt ratio is just not too massive, it’s comparatively cautious, however basically difficulties, the stress is widespread”, Ms. Huong stated.

This CEO stated that the money circulate of actual property companies at the moment is like oxygen for sufferers. If there isn’t any money circulate, the enterprise will die. “And, if this case continues to occur, the actual property enterprise might be like “lifeless on a pile of property, to not point out paying financial institution loans is extraordinarily troublesome”, Ms. Huong emphasised.

At present, actual property companies need assistance to stabilize by way of the epidemic. In response to Ms. Huong, with the resilience that has exceeded the restrict of many actual property companies, it’s no totally different from the tree trunk earlier than the wind and storm, so it’s pressing to wish help by way of options to take away difficulties in authorized procedures, mechanisms. insurance policies in addition to monetary help packages. This helps companies get well and try within the upcoming troublesome journey when the epidemic nonetheless exists.

The cash flow of real estate businesses today is like oxygen for Covid-19 patients - Photo 1.

In actual fact, this can be a downside that has been raised many occasions, however the implementation remains to be too gradual, needing a extra complete and highly effective change. That is thought-about a elementary and sustainable resolution to assist companies save power, time and waste sources unnecessarily. Simply cut back the method, cut back the time of the process steps in half, every part might be totally different instantly.

“Actual property companies contribute about 11% of the nation’s GDP and are an space associated to greater than 200 totally different industries. Actual property has the chance to beat this Covid-19 pandemic, which can also be a chance for financial development. and the event of associated industries. One greenback of the price range spent to assist restore the financial system, companies will return to the price range three dong, even 5 dong sooner or later. The nation has spent an unprecedented quantity of price range to reduce losses for individuals and companies, preserve the financial system steady to attend for the chance to bounce again and get well rapidly after controlling the epidemic,” Huong shared. .

Pham Lam, Vice Chairman of Vietnam Actual Property Brokers Affiliation, CEO of DKRA Vietnam stated that at the moment 70% of actual property companies, particularly actual property brokers, are in a troublesome scenario due to the epidemic. Wherein, solely about 10% of enterprises have steady income, 90% of enterprises are in a state of threat as a result of their income is lower than 10%.

In response to Mr. Lam, the epidemic has upset all actions of companies, particularly those who develop their programs and strengthen different markets. Directive 16 social distancing precipitated most actual property companies to cease working. Wherein, the largest return of the enterprise at the moment is the fee to function. Regardless of the shutdown, many enterprise bills nonetheless need to be paid, equivalent to area rental prices, financial institution curiosity, workers salaries, and so on., to not point out, brokerage companies nonetheless face difficulties in restoration. debt from the investor, as a result of the events are nearly equally troublesome due to the epidemic.

“Caught in capital and cash to run companies is a standard scenario of actual property companies at the moment. To not point out, within the brief time period, companies will lose their human sources, after they go away due to difficulties. group,” stated Mr. Lam.

From the attitude of Vice President of Vietnam Actual Property Brokers Affiliation, Mr. Lam made suggestions based mostly on the opinions of actual property companies. Firstly, it’s proposed to cut back taxes for actual property companies, together with company earnings tax. Together with that, it is strongly recommended that banks help companies to delay debt cost, serving to companies have finance to stabilize operations at this stage.

As well as, in keeping with Mr. Lam, at current, most companies are caught with money circulate and severely affected, so that they want mortgage packages with preferential rates of interest to entry monetary packages.

“The present actual property enterprise is like being contaminated with Covid-19, very a lot wants oxygen as a supply of capital and a coverage to help to beat difficulties at the moment,” Mr. Lam shared.

Ha Vy

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