Troublesome, many actual property companies are pressured to chop workers, scale back wages by 20-30%

Numerous strain surrounds

Via surveys in Ho Chi Minh Metropolis and neighboring provinces, as much as 70% of actual property brokerage companies are going through difficulties in income, workers discount, wage discount and lots of companies cease working; the remaining 30% of enterprises are sustaining operations.

That is info that Mr. Pham Lam, Normal Director of DKRA Vietnam Joint Inventory Firm, mentioned at an internet seminar with the subject: “Actual property buying and selling flooring and brokerages overcome difficulties because of the affect of Covid-19: Options: Options and suggestions”.

Difficulty, many real estate businesses are forced to cut staff, reduce wages by 20-30% - Photo 1.
Because of the difficult growth of the epidemic, the opening and promoting actions of the mission couldn’t be organized, the development needed to be stopped in line with rules, however the true property enterprises nonetheless tried their greatest to beat difficulties.

Notably, Mr. Lam mentioned, as much as 50% of actual property brokerage companies in Ho Chi Minh Metropolis solely obtain lower than 10% income and this can be a group with a really excessive danger of shutting down. 30% has a income stage of 30 – 50%, is taken into account a excessive danger group. Solely 10% of enterprises are within the momentary secure group, the income is 50-70% and the remaining 10% are enterprises within the secure class.

In accordance with Mr. Lam, because of the epidemic, many locations needed to implement social distancing, inflicting all of the plans of companies to show the wrong way up, and their annual and long-term targets have been affected and severely affected.

“Regardless of the lower or absence of income, the price of workplace area rental, social insurance coverage, wage, tax quantity as much as billions of dong per thirty days… nonetheless should be paid. Furthermore, the money movement of buyers can also be restricted, so it’s troublesome for exchanges to gather money owed. Enterprise and gross sales actions have been stopped, staff don’t have any revenue, resulting in leaving the corporate,” Lam acknowledged.

From the investor’s perspective, Ms. Nguyen Thi Thanh Huong – Normal Director of Dai Phuc Land Actual Property Joint Inventory Firm additionally mentioned that gross sales income decreased considerably whereas enter prices elevated, resulting in operational effectivity. will probably be deeply diminished. This 12 months, enterprises reaching 50% of the plan shouldn’t be a easy effort.

Because of the difficult growth of the epidemic, the opening and promoting actions of the mission couldn’t be organized, the development needed to be stopped in line with rules, affecting the progress; Escalating building materials costs enhance enter prices considerably for building works. The pandemic has additionally modified the supply of labor for building websites, Ms. Huong mentioned that, after the epidemic is over, discovering employees for building works can also be an enormous drawback for contractors.

“Most buyers use loans from banks and different types of monetary mobilization. Within the regular state when the money movement is secure, the flexibility to repay the mortgage is assured.

Nonetheless, within the present state of affairs when income and money movement are severely diminished, the monetary strain on buyers is extraordinarily massive and dangerous. The decline in income makes the issue of sustaining operations troublesome. Many companies have needed to reduce workers and scale back wages by 20-30% as a brief answer to take care of their working equipment,” Huong mentioned.

Enterprises suggest tax discount, debt rescheduling, mortgage curiosity discount…

Summarizing suggestions from companies within the South, Mr. Pham Lam mentioned, companies all suggest to cut back taxes for companies comparable to VAT, 70% discount of company revenue tax, 50% discount of private revenue tax. actual property brokers and exchanges. Together with that, companies additionally suggest to increase debt, scale back mortgage curiosity and shortly entry preferential loans….

As an actual property investor, Normal Director of Dai Phuc Land Firm mentioned, the enterprise is adjusting the product plan earlier than placing it available on the market after the epidemic is over.

Ms. Huong mentioned that, for a profitable product to be marketed, the affiliation and companionship from the investor and the brokerage staff is essential. Via gross sales insurance policies, it have to be enticing sufficient, near actuality. market financial system.

“The enterprise has adjusted the fee interval of merchandise, thereby extending it from 24 months to 30 months, some merchandise enhance to 36 months of fee. Clients solely should pay about 30% of the product inside the first 5-6 months and solely pay the remainder once they obtain the home, “Ms. Huong mentioned about a few of the options companies have provide you with.

Affirming that up thus far, no personnel discount measures have been utilized, Vice Chairman of Cen Group Pham Thanh Hung mentioned that an important factor is the spirit, if the spirit is nice, there will probably be an instantaneous answer.

“To beat the pandemic, an important factor is to beat worry and overcome contraction. Should be cautious, guarantee security however not like ‘ostrich with its head within the sand’ and hope at some point the pandemic will move. We should at all times act and take measures,” Hung mentioned.

For particular examples, Mr. Hung mentioned that in his unit, from the Board of Administrators, the Chairman to the Normal Administrators, the Govt Board, the member models… all frequently meet weekly, frequently work together with brothers, encourage, share, and encourage them mentally.

Mr. Hung revealed that his unit can also be investing many billions of dong to do the “House Now” program – that’s, keep at residence, additionally do business from home, purchase a home… sensible jobs to develop private capability, the system, and prepare the staff.