Red boards with this phrase appear densely on Hanoi streets

“Shop for rent”, “space for rent”, “house for rent”, … are the phrases that appear most on the streets of Hanoi after two months of social distancing.

Tấm biển đỏ với cụm từ này đang xuất hiện dày đặc trên phố Hà Nội

Chua Boc used to be one of the busiest streets in Hanoi. Previously, it was considered the “street of fashion” in the capital city. However, many fashion stores have still closed although the city has removed strict social distancing measures.

Tấm biển đỏ với cụm từ này đang xuất hiện dày đặc trên phố Hà Nội

In many major streets like Hue, Hang Bong, Hang Ngang, Hang Dao, Luong Van Can, Ba Trieu, Xa Dan, Chua Boc that are called the "golden land" with the rental prices being expensive, most stores are still closed.

Tấm biển đỏ với cụm từ này đang xuất hiện dày đặc trên phố Hà Nội

The gloomy atmosphere covers these shops.

Tấm biển đỏ với cụm từ này đang xuất hiện dày đặc trên phố Hà Nội

Although it is allowed to reopen (take-away mode), this coffee shop is still closed.

Tấm biển đỏ với cụm từ này đang xuất hiện dày đặc trên phố Hà Nội

Many streets in the capital are quiet.

Tấm biển đỏ với cụm từ này đang xuất hiện dày đặc trên phố Hà Nội

After the 4th wave of the Covid-19 pandemic, this fashion store has slashed the price of all products by half in a bid to sell all products before closing.

Tấm biển đỏ với cụm từ này đang xuất hiện dày đặc trên phố Hà Nội

On the streets of Hanoi in recent days, the red boards with the content: "shop for rent""...

Tấm biển đỏ với cụm từ này đang xuất hiện dày đặc trên phố Hà Nội

...or "house for lease" are everywhere.

Tấm biển đỏ với cụm từ này đang xuất hiện dày đặc trên phố Hà Nội
 These boards appear at small shops and also office buildings in Hanoi.
Tấm biển đỏ với cụm từ này đang xuất hiện dày đặc trên phố Hà Nội
 
Tấm biển đỏ với cụm từ này đang xuất hiện dày đặc trên phố Hà Nội
Tấm biển đỏ với cụm từ này đang xuất hiện dày đặc trên phố Hà Nội

In this street, since the Covid-19 epidemic broke out, many store owners have given back their premises. Many houses have been vacant for months. Some landlords have reduced leasing prices by up to 50% compared to the time before the epidemic, but it is still difficult for them to find tenants.

Tấm biển đỏ với cụm từ này đang xuất hiện dày đặc trên phố Hà Nội
Tấm biển đỏ với cụm từ này đang xuất hiện dày đặc trên phố Hà Nội

In the past, it was not easy to rent a business premise on the major streets in Hanoi but now the situation is different.

Tấm biển đỏ với cụm từ này đang xuất hiện dày đặc trên phố Hà Nội

Thuan - owner of two coffee shops on Cu Chinh Lan Street - said he closed a shop to cut costs. Thuan and his wife directly work at another shop and do not hire any employee.

Tấm biển đỏ với cụm từ này đang xuất hiện dày đặc trên phố Hà Nội

Some stores have reopened but customers are few.

Tấm biển đỏ với cụm từ này đang xuất hiện dày đặc trên phố Hà Nội

This store sells products online, with free shipping. They hang the slogan "Fighting Hanoi" at the shop to motivate themselves to try to overcome this difficult time.

Pham Hai - Chau Giang

Landlords await tenants as empty space increases

Landlords await tenants as empty space increases

As a result of the ongoing Covid-19 pandemic, the rental market in HCMC has plummeted, pushing many landlords into difficulties as tenants have left, leaving empty spaces in their wake and no takers.

 
 

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