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Co.opmart Phan Văn Hớn is a supermarket operated by Saigon Co.op, located at 102 Phan Văn Hớn Street, Tân Thới Nhất Ward, District 12, Ho Chi Minh City. Opened in April 2019 within the Topaz Home residential complex, it spans over 5,000 square meters across two floors, with an investment of approximately 70 billion VND. As part of Vietnam oldest indigenous supermarket chain, it targets middle-income and working-class consumers, emphasizing affordable Vietnamese products, groceries, household essentials, and daily needs.
The tenant mix includes the core supermarket section alongside limited ancillary spaces for small F&B outlets, pharmacies, and service kiosks, fostering a community-oriented retail environment. In the broader HCMC retail market, where total supply stands at 1.2 million square meters with 93.6 percent occupancy as of Q2 2025, this property benefits from suburban residential growth in District 12, an area undergoing urbanization with a population exceeding 500,000.
Leasing advantages include relatively low rent levels compared to central districts, estimated at 30-40 USD per square meter per month for ancillary spaces, stable footfall from nearby apartments and local workers, and support from Saigon Co.op established supply chain. However, challenges arise from market saturation in grocery retail, increasing e-commerce penetration, and competition from larger hypermarkets.
Accessibility via Phan Văn Hớn Street connects to major roads like National Highway 1A, though traffic congestion during peak hours poses risks.
Operational quality remains consistent with chain standards, featuring modern layouts and promotions to drive sales, though aging infrastructure in surrounding areas may impact long-term appeal.
Overall, it suits retailers in essential goods categories seeking cost-effective entry into suburban markets with steady, albeit moderate, demand.
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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 Accessibility
District 12 features a population of about 550,000 residents, predominantly middle to lower-middle income families with average household incomes around 10-15 million VND monthly. The area supports a growing residential base, including young professionals and factory workers drawn to affordable housing in complexes like Topaz Home. Footfall at Co.opmart Phan Văn Hớn benefits from this local catchment, estimated at 5,000-7,000 daily visitors based on similar suburban Saigon Co.op outlets, bolstered by proximity to industrial zones. Accessibility is moderate, with direct road links to central HCMC via Highway 1A, 15-20 km away, but public transport options are limited, relying on motorbikes and buses, which may constrain broader draw.
Competition and Market Saturation
The retail landscape in District 12 includes competitors like Big C Thạnh Lộc and local traditional markets, alongside e-commerce platforms eroding physical sales by 10-15 percent annually in grocery segments. Co.opmart Phan Văn Hớn holds a niche in value-driven shopping, but faces pressure from expanding chains such as Lotte Mart in adjacent districts. Occupancy in HCMC suburban retail hovers at 90-95 percent, yet weak categories like non-essential F&B show slower recovery post-pandemic. Risks include oversupply of supermarkets, potentially capping rent growth at 2-3 percent yearly, and shifting consumer preferences toward online delivery, impacting ancillary tenant viability.
Lease Terms and Operational Risks
Leasing opportunities at Co.opmart Phan Văn Hớn target small-format tenants with terms typically 3-5 years, minimum areas of 50-200 square meters, and rents 30-45 USD per square meter monthly, inclusive of service charges but excluding utilities. Advantages include turnkey spaces with high visibility near entrances and marketing support from Saigon Co.op promotions. Drawbacks encompass potential infrastructure wear in the six-year-old building, seasonal sales fluctuations tied to local festivals, and regulatory hurdles for foreign tenants under Vietnamese investment laws. Market reports indicate stable but modest sales per square meter at 500-700 USD annually for grocery anchors, with risks from economic slowdowns affecting District 12 industrial employment.
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