Airbnb investors in Vietnam face uncertainty after short-term rental ban by authorities

An Airbnb rental in HCM City. Numerous investors who have heavily invested in Airbnb-style accommodations are now bracing for financial challenges after authorities prohibit such short-term rentals in residential complexes. — VNS

HCM CITY: Do Van Phu, 50, has built a successful business managing hundreds of apartments for rent across various districts in Vietnam’s largest city.

For nearly 10 years, Phu has found success in the short-term rental market in HCM City, transforming regular apartments into desirable homes for customers, mostly travellers.