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Vietnamese proptech startups build new strategies to counter market downturn

Vietnamese proptech startups build new strategies to counter market downturn

FILE PHOTO: Vinhomes Central Park and Landmark 81, Vietnam's tallest building are seen from the Saigon river in Ho Chi Minh city, Vietnam June 6, 2019. REUTERS/Yen Duong/File photo

Proptech has emerged as one of the most interesting sectors to watch in Vietnam over the past few years. Home to over 140 startups at its peak in 2020-21, the industry is now reeling under a stagnant real estate market which has forced some to shut down while others have had to tweak their business models to stay afloat.

Edited by: Joymitra Rai

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