Hanoi, April 10 -- Cutting costs and restructuring products are what many real estate firms are doing to deal with difficulties caused by COVID-19 .

According to the Vietnam Association of Realtors (VAR), the pandemic has caused many difficulties for the property market . Its preliminary statistics show that since the beginning of 2020, there have been no projects launched and over 50 per cent of the 1,000 real estate trading floors nationwide have shut down.

A VAR representative said many realty firms have developed technology to change sales methods to attract customers during the social distancing period.

Instead of meeting customers directly, they have launched sales through online platforms or apps. For example, Sunshine Group's c...