The General Department of Taxation under the Ministry of Finance is studying a proposal on increasing the threshold of taxable revenue for landlords renting out houses.
Nguyen Thi Minh has been forced to reduce the rents for her two apartments in HCM City’s District 2 twice this year from US$1,300 a month each to $900 to keep her tenants.
Many of the most expensive and best-selling commercial spaces in HCM City and Ha Noi are now struggling to find customers even after landlords have cut the prices by 30-50 per cent.
Vietnamese landlords should consider shifting from their traditional fixed-rent model to base rents and revenue sharing like in many other countries to spread the risk, experts have suggested.
House rentals are vastly different in HCM City and Ha Noi. For a similar
quality apartment in a comparable location, the rent in HCM City is
10-20 per cent higher than in Ha Noi.