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Evergreen goes bankrupt. Their total debt is bigger than Vietnam's GDP.
In addition, China still has another debt bomb, Country Garden is afraid of debt of up to 199 billion USD.
In Vietnam, at present, real estate businesses are facing difficulties such as Dat Xanh Group, which has lost 94% of profits and cut more than 5000 employees, Nova Land, investors are sitting on fire because they buy real estate with real estate. leveraged but the project is currently not in development. If you don't pay interest, you will get bad debt, but if you continue to pay it, you won't know if you can get a house or not or lose more money.
In general, in this period of 6 months to 1 year, there will be many large real estate enterprises experiencing the same thing as Chinese real estate enterprises.
And the people who suffer the most are still investors in the projects of these real estate businesses