According to the General Statistics Office (GSO), 1,067 real estate businesses were dissolved nationwide in the first ten months of this year, a year-on-year increase of 9.5 per cent. New businesses, meanwhile, stood at 3,850, a decline of 50.2 per cent year-on-year.

In its real estate market report for the third quarter of the year, the Vietnam Association of Realtors (VARS) revealed that as of the end of August some 1,721 businesses had returned to operations, a year-on-year rise of 102 per cent.

The average monthly number of businesses leaving the market in the first nine months of the year stood at 107, it said. In addition, about 20 per cent of real estate exchanges were at risk of disruption, while 40 per cent operated only perfunctorily, waiting for a recovery in the market by year’s-end.