0:00Why land prices in Vietnam are falling dramatically
0:02I did a lot of research.
0:03Collect all the information found.
0:04So that you don't have to spend time finding out.
0:06Let's start right now,
0:07guys.
0:08If you'd seen cars around the corner a few years ago,
0:11Go out into the field or into the forest.
0:14And they're standing there pointing a few days later.
0:16a concrete road sprouted up with a few thin rows of brick
0:18a large plot of land has been separated into 10 small plots
0:21the atmosphere is very bustling,
0:22the feeling is more crowded than the festival
0:24when now things have become so bleak
0:26The land is empty.
0:28No one came by to hang up the sign to sell land,
0:30no one called.
0:31There are even places that cut their losses by 23-10% that can't be sold.
0:35The first is whether this is true or not.
0:37Maybe it's different in different regions.
0:38But most of them fall into that category.
0:40Try to look around.
0:41Now the plots.
0:43without doing anything but making a small concrete road.
0:45and then cut it up into 10 five-meter-wide plots.
0:48Is anyone here to buy or build a house?
0:50Or if you read the newspaper,
0:51you'll see a series of pages.
0:52The newspaper reported this shooting.
0:54For example,
0:54in the Labour newspaper there is information
0:55in the East of England set the selling price 2000 not hundreds 2 5 early 2026
0:59up to 173.000.001m²
1:01recorded in February 2 6
1:03but the current survey selling price
1:05So it's June,
1:062-6,
1:06and it's around 118,000,001m².
1:09The decline rate is 31.8%.
1:11So a three-billion-hour plot is just over two billion.
1:15It can't even be sold.
1:16or in the communal areas
1:18Many investors are tasting the bitter fruit.
1:20an investor buying a 100m² plot of land for 3.5 billion in early 2025
1:24even though it was paid four billion at the beginning of two or six years.
1:27However,
1:27due to the expectation that the price will increase,
1:29it is not sold.
1:29Now that's just a few months later.
1:31Land prices in this area have fallen freely.
1:33There are only 2.5 billion left.
1:35Now this guy's willing to lose a billion.
1:37No one bought it.
1:39So why is the land price so bleak now?
1:42in front of them.
1:43We go to the basic causes without
1:45find out in depth
1:45You can also see that it's a very high bank rate.
1:48Yesterday you asked me.
1:49Which bank is currently the most profitable?
1:51According to the
1:51What I know is that Mr.
1:53Vicky is earning 8.7% for a 6-month term.
1:5512 months is higher.
1:57Half a month ago,
1:58that employee reported a 9.1 percent interest rate.
2:00For 6 months term
2:01But now it's down a bit.
2:02HD Bank.
2:03I saw the offer on my Facebook posts.
2:069% for 12 months.
2:08The savings rate is still very high.
2:10There's no sign of cooling down.
2:11compared to the highest I sent was 9.2% in Vicky
2:149% is still almost at the top.
2:17Of course,
2:18the savings rate is high.
2:19The interest rate will also be the highest for real estate.
2:22As your ancestors have made it clear,
2:24home is for living,
2:24not speculation.
2:25So banks can lend to businesses.
2:27production loans at more favorable prices
2:29With real estate,
2:30it's hard to get low.
2:32So now people who borrow money invest in land.
2:34are at risk of default.
2:36High interest rates can be up to 15%.
2:39buy land plot BA billion a year cost 450 million
2:42Then keep it.
2:43The land is getting cheaper and cheaper.
2:46The more you hold on,
2:47the more you die.
2:47Now only water is sold.
2:49It's just a hole.
2:49when a bank borrower has to sell in a hurry to cut his losses
2:52It will drag the market down.
2:54that led to people who didn't borrow seeing prices drop.
2:57I want to sell it for peace of mind.
2:59And so the price went down again.
3:01As you can see,
3:01the land is not like a building.
3:03The apartment is still available after purchase.
3:05The rent was removed a little to make up for the bank.
3:07Buy a lot of land for nothing.
3:09It doesn't generate any cash flow.
3:10just to grow grass for cows to be able to stand
3:13I saw it in my hometown.
3:14There's lots of land that are divided at the top of the hill.
3:17thousands of meters away from the provincial road
3:19There are even lots that are so far away that
3:20the buffalo it's driving is still muddy.
3:22Let's say a motorcycle or a car.
3:24And yet people still buy land to flag.
3:26then it's really incomprehensible
3:27I just mean on the plot there is a very beautiful grapefruit garden.
3:30Give a little money every year.
3:31But now they buy it,
3:32they pay it off.
3:32In the end,
3:33the abandoned land does nothing.
3:34It's a waste of national resources.
3:36Even if it's their land,
3:37what they do is their business.
3:38But they haven't stepped foot in years,
3:40obviously.
3:40It's a waste.
3:42Now many people think that
3:43On the ground,
3:44he just dared.
3:45And later it increased.
3:46And it's always been that way.
3:48It takes a long time to get along.
3:50Then we can't predict the future.
3:52But there are many grounds for speculation.
3:54The first is from the past.
3:55We all see that the earth has fallen.
3:56Sometimes it will increase,
3:58but the general trend will increase.
3:59But that's from the past to the present.
4:01The state has never managed land with electronic data.
4:04and never levied a second property tax.
4:06Then it's time.
4:07real estate management system
4:08It's done on the computer.
4:10The only problem is that the state has a second property tax.
4:12If not,
4:13the land game will change completely.
4:16We'll never think about buying land again.
4:18You always win if you lose,
4:19it's temporary.
4:20Waiting long will win.
4:21That's not necessarily true anymore.
4:22because if you tax the second property,
4:24a lot of people are holding 10 lots of land.
4:26but if you're not doing business or producing something on it,
4:29They just wait for high prices and then sell.
4:32They will have to sell quickly or the tax will kill them.
4:35The land if nothing is built.
4:37It doesn't generate cash flow.
4:38If you keep quiet and pay taxes,
4:40it is better to sell.
4:42But when AI sells,
4:43the price goes down.
4:45So now we see that the price is falling.
4:47Many people are still trying to keep their faith.
4:49The lower the interest rate,
4:50the higher the price.
4:51It's just in a good situation.
4:53If there's no real estate tax.
4:54If you tax now,
4:55history will change forever.
4:57Land prices could go in a direction we've never gone before.