Strange scene on the most expensive and busiest street in Vinh city

TPO - Lunar New Year is the peak business season, however, many shops on busy business streets in Vinh city ( Nghe An ) are closed, hanging signs looking for tenants.

January 14, 2025 | 18:03

Nghe An:

TPO - Lunar New Year is the peak business season, however, many shops on busy business streets in Vinh city (Nghe An) are closed, hanging signs looking for tenants.

Video: Many expensive business premises in Vinh city (Nghe An) have signs for rent near Tet

According to records, on Nguyen Van Cu Street - the busiest business street in Vinh City (Nghe An), many signs for renting kiosks, premises, houses... were posted to find tenants near Tet but few people were interested.

Previously, most families on Nguyen Van Cu Street rented out their houses for tens or hundreds of millions of VND per month depending on the area, or rented the whole house. However, in recent years, business has been sluggish, many tenants have returned their kiosks, and rental prices have also decreased. Currently, the rental price for business premises here ranges from 10 to 50 million VND per month, depending on the location and area. Usually, the minimum rental contract is 6 months and must be paid in advance.

The premises at the intersection of Nguyen Van Cu and Nguyen Sy Sach are spacious, located in a prime location convenient for business but difficult to find tenants.

It's not hard to see 'house for rent' signs on Nguyen Van Cu street.

Ms. Nguyen Thi Thuy Hang, owner of a business on Nguyen Van Cu Street, said that in early December, her business returned the premises because the business "could not cover the expenses". The number of customers was low, the operating and rental costs were high, and business was sluggish, so she often had to cover the losses. Feeling that she could not continue, she returned the premises.

Major roads in Vinh city such as Quang Trung, Le Nin Avenue, Le Hong Phong... also have many shops closing down and ceasing business.

According to some shop owners, nowadays online business is developing so doing business in stores is facing many difficulties.

This landlord has reduced the rent by 50%, however, it is still difficult to find tenants.

The premises on Lenin Avenue are refurbished and looking for new tenants.

Many premises on major streets are difficult to find tenants.

A row of kiosks on Nguyen Van Cu Street is still unoccupied.

Thu Hien

Source: https://tienphong.vn/canh-tuong-la-tren-tuyen-duong-dat-do-sam-uat-nhat-thanh-vinh-post1709481.tpo