Harsh reality of investing in Vietnam shophouses

Risky investment: A labourer at a construction site in Hanoi. After acquiring shophouses as an investment, many buyers have been hit by low rental rates. — AFP

HO CHI MINH CITY: Nguyen Van Ngoc, a 50-year-old investor from the northern province of Bac Giang, has been struggling to sell a shophouse in Hanoi’s Ha Dong District for over a year.

Due to low rental income and high monthly loan payments, he is under immense financial pressure.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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Vietnam , rental income , shophouses

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