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Co.opmart Nha Trang is a hypermarket located at 2 Le Hong Phong Street in Phuoc Tan Ward, Nha Trang City, Khanh Hoa Province, Vietnam. Opened in June 2013, it spans 10,000 square meters with an investment of 120 billion VND as part of the Saigon Co.op chain, one of Vietnams leading retailers ranked in the top 10 in Asia-Pacific. The property serves as a one-stop shopping destination offering over 30,000 products across categories including fresh foods, processed goods, household items, appliances, clothing, and fashion.
Its tenant mix is primarily internal departments managed by the operator, with potential sub-leasing for branded kiosks or specialty sections in groceries, electronics, and apparel. In the Nha Trang retail market, characterized by tourism-driven demand with annual visitor numbers exceeding 7 million, Co.opmart holds a strong position as an affordable, accessible option for local residents and tourists.
The citys population of approximately 430,000 features a median age of 32, with growing middle-class households and high disposable income from tourism services.
Leasing advantages include steady footfall estimated at 5,000 to 8,000 daily visitors, bolstered by proximity to residential areas and main roads, and competitive rent levels around 25-40 USD per square meter annually for secondary spaces.
Operational quality is high, with services like home delivery within 5 km for orders over 200,000 VND, loyalty programs offering points and discounts, and compliance with quality standards. However, challenges include seasonal fluctuations in tourist traffic, intense competition from nearby modern malls like Vincom Plaza Nha Trang and international chains such as Lotte Mart and Big C, which offer broader entertainment and dining options.
Market saturation in groceries poses risks for new entrants in similar categories, while aging infrastructure in surrounding areas could impact accessibility during peak seasons.
Overall, it suits retailers targeting everyday essentials with moderate risk tolerance, but requires differentiation from hypermarket dominance.
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Hours of Operation
Hours
| Monday | 08:00 AM — 10:00 PM |
| Tuesday | 08:00 AM — 10:00 PM |
| Wednesday | 08:00 AM — 10:00 PM |
| Thursday | 08:00 AM — 10:00 PM |
| Friday | 08:00 AM — 10:00 PM |
| Saturday | 08:00 AM — 10:00 PM |
| Sunday | 08:00 AM — 10:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Footfall
Nha Trang boasts a population of about 430,000, with a young demographic profile averaging 32 years old and increasing middle-income levels driven by tourism and services sectors. Co.opmart benefits from this, attracting local families for daily shopping and tourists seeking familiar goods. Daily footfall ranges from 5,000 to 8,000 visitors, peaking during holidays and summer with tourist influxes over 7 million annually. This supports stable traffic for leased spaces, though it dips in off-seasons, emphasizing the need for year-round local appeal to mitigate variability.
Competition and Market Factors
The retail landscape in Nha Trang is competitive, with key players including Vincom Plaza, Lotte Mart, and Big C, which draw shoppers with diverse tenant mixes featuring fashion, F&B, and entertainment. Co.opmart differentiates through affordable groceries but faces pressure from these malls superior accessibility and experiential offerings. Market reports indicate retail occupancy at 85-90% citywide, with rents stabilizing post-COVID recovery. Risks include oversupply in food retail and e-commerce growth, advising lessees to focus on complementary categories like local specialties to avoid direct overlap.
Lease Terms and Operational Quality
Leasing in Co.opmart typically involves short to medium-term agreements for kiosks or sections, with rents at 25-40 USD per square meter per year, including utilities and maintenance. Advantages encompass high visibility in a 10,000 sqm space and operator support via promotions and loyalty integration. Drawbacks feature limited flexibility due to anchor control and potential infrastructure updates needed for traffic flow. Occupancy remains near 100% internally, but external factors like road congestion on Le Hong Phong Street may affect access, recommending site visits to assess parking for 500+ vehicles.
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City Snapshot
Nha Trang
Comprehensive market intelligence for retail expansion in this city
