I am not rich, but I have some assets inherited from my grandparents in the countryside and a small house on the outskirts of Ho Chi Minh City. However, I did not invest in real estate. Instead, I bought cars and trucks to start a freight transport business.
Business, production, and services contribute to the economy through taxes, promoting production, and creating jobs. Over the past eight years, my business has paid a lot of taxes and salaries, and stimulated demand for manufacturing enterprises, thus contributing to the state budget and increasing the employment rate.
However, business owners like me often feel disappointed and frustrated by rising land prices. Many criticize us for being ignorant or lacking the intelligence to invest in real estate. They do not understand that we invest in our businesses with passion. Our profits are typically just 15-20% of revenues, and sometimes we even incur losses. Meanwhile, opportunists can sit idle and benefit up to 100-200% from buying land, achieving “instant success.”
Without people like us in business and production, how will the economy develop? A strong economy must be based on creating real value, circulating goods, and providing employment for people.
Those engaging in land speculation only wait for prices to rise while believing they are talented simply because they get lucky. When the real estate market faces challenges due to economic issues, they resort to various tricks and sales tactics to inflate prices.
I believe a genuine and ethical businessperson will not blindly follow the trends for personal gain while neglecting their social responsibilities. My consumer goods business directly and indirectly creates jobs for dozens of laborers. If anyone asked me whether I would sacrifice that for a profit from real estate that is three times higher than my current earnings, I would not be tempted.
I do not deny that not everyone who invests in real estate is unethical, but many chase profits while forgetting the value of labor in production and business.
What are your thoughts on this topic?
*This opinion was translated into English with the assistance of AI. Readers’ views are personal and do not necessarily match Read’ viewpoints.
Comments are closed.