New shopping center opened in Ho Chi Minh City
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Vietnam’s newest shopping centre, Van Hanh Mall, has opened in Ho Chi Minh City, on Su Van Hanh Street in District 10.
Built on a 90,000sqm site, the shopping complex has 55,000sqm of retail space, which is 90 per cent occupied already, by more than 200 international and local brands.
Tenants include Bata, Charles & Keith, Levi’s, Mujosh and Nike and a raft of dining options, including Buffalo Wild Wings, Crystal Jade, Sushi Kei, Starbucks and Phuc Long coffee.
For entertainment, there is a CGV multiplex cinema, a Superbowl amusement center and a giant European-themed bookstore.
A Co.opXtra hypermarket, operated by Saigon Co.op and Singapore’s NTUC FairPrice, also opened, marking the brand’s third outlet in the city.
There are nine parking floors from basement to fifth floor, enough space for 350 cars and 3000 bikes.
Built at the cost of VND1 trillion (US$43.9 million), Van Hanh mall rentals range from US$30-60 per sqm.
Questions & Answers
Q.What is the total retail space available in the new Van Hanh Mall and how much of it is currently occupied?
What is the total retail space available in the new Van Hanh Mall and how much of it is currently occupied?
The new shopping centre features 55,000 square metres of retail space. Currently, 90 per cent of this area is occupied by more than 200 international and local brands.
Q.What are some of the key retail and entertainment tenants that have opened stores in Van Hanh Mall?
What are some of the key retail and entertainment tenants that have opened stores in Van Hanh Mall?
Notable retail tenants include Bata, Charles & Keith, Levi's, Mujosh and Nike. For entertainment, there is a CGV multiplex cinema, a Superbowl amusement centre and a large European-themed bookstore.
Q.What is the approximate cost of building the Van Hanh Mall and what are the rental rates for retail units?
What is the approximate cost of building the Van Hanh Mall and what are the rental rates for retail units?
The mall was built at a cost of VND1 trillion, which is equivalent to US$43.9 million. Rental prices for units in Van Hanh Mall range from US$30 to US$60 per square metre.
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