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Emart Go Vap, located at 366 Phan Van Tri Street, Ward 5, Go Vap District, Ho Chi Minh City, opened in 2015 as Vietnam's first Emart hypermarket with a $60 million investment. The property features 11,900 square meters of leasable area within a 19,700 square meter structure, including a hypermarket, food court, children's edutainment zone, and health services. It caters to Go Vap's 630,000 residents, mainly middle-income families earning 15-25 million VND monthly, generating 12,000-15,000 daily visitors.
Parking includes 1,500 motorbike spots and 150 car spaces. In HCMC's non-CBD retail market, occupancy reached 93.6% in Q2 2025 per Cushman & Wakefield, with average rents at $52.6 per square meter per month, ranging from $20 to $117. Suburban expansion supports leasing, offering lower costs than CBD's $240+ rates.
Tenant mix emphasizes groceries, consumer goods, fashion, and F&B, attracting local shoppers. Advantages include stable demand and demographic alignment; challenges encompass competition from Lotte Mart and Aeon, plus traffic congestion affecting access.
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Hours of Operation
Hours
| Monday | 07:30 AM — 10:30 PM |
| Tuesday | 07:30 AM — 10:30 PM |
| Wednesday | 07:30 AM — 10:30 PM |
| Thursday | 07:30 AM — 10:30 PM |
| Friday | 07:30 AM — 10:30 PM |
| Saturday | 07:30 AM — 10:30 PM |
| Sunday | 07:30 AM — 10:30 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics and Footfall
Go Vap District encompasses 630,000 residents, predominantly middle-class families with monthly incomes of 15-25 million VND, supporting essential retail needs. Emart Go Vap draws 12,000-15,000 daily visitors from this base, bolstered by residential proximity. Market insights from Occupi highlight suburban footfall growth at 5-7% annually, driven by rising disposable incomes in HCMC peripherals. However, intense motorbike traffic and urban sprawl present access hurdles, potentially limiting peak-hour influxes.
Market Position and Occupancy
Positioned in HCMC's suburban non-CBD segment, Emart Go Vap aligns with a 93.6% occupancy rate as of Q2 2025, indicating robust tenant demand amid new supply pressures. Rents average $52.6/sqm/month, providing affordability relative to CBD benchmarks. JLL reports net absorption of 1,300 sqm in Q3 2024, 85% in non-CBD areas like Go Vap. Risks include footfall erosion from market saturation and economic slowdowns, with hypermarket competition from Big C and Co.opmart in adjacent districts.
Tenant Mix and Leasing Terms
Tenant composition focuses on Emart's core hypermarket offerings in groceries and appliances, complemented by diverse F&B outlets in the food court and service kiosks for a comprehensive shopping experience. Leasing benefits from flexible 3-5 year terms with turnover-based structures, suitable for pop-ups and essentials. Savills notes high operational quality via modern 2015 infrastructure, though potential aging raises maintenance concerns. Weaknesses in non-grocery categories arise from consumer shifts toward online retail, amid HCMC's 92% overall modern retail occupancy.
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Ho Chi Minh City
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Ho Chi Minh City
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