Van Hanh Mall, Ho Chi Minh City — Stores & Hours

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Brand Fit Snapshot

Best for:

International ChainsNational ChainsDepartment Store AnchorsCinema & LeisureMid-Market Fashion

Not ideal if:

Ultra-Luxury Positioning

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Van Hanh Mall, located at 11 Su Van Hanh Street in Ward 12, District 10, Ho Chi Minh City, Vietnam, is a modern shopping center that opened in 2020 with a gross leasable area (GLA) of approximately 55,000 square meters across multiple floors. Owned by the KIDO Group, it positions itself as a community-oriented retail destination serving the surrounding middle-class neighborhoods.

The mall features a diverse tenant mix exceeding 200 stores, including international fashion brands such as UNIQLO, Levi"s, Nike, Adidas, Charles & Keith, ALDO, Skechers, and Lee Jeans; food and beverage outlets like Starbucks, Highland Coffee, Swensen"s, and CHUK; entertainment options including CGV Cinemas and CitiGym; a Co.op Xtra supermarket for groceries; and specialty retailers like Phuong Nam Book City and the newly introduced Pop Mart toy store.

This mix caters to everyday shopping, dining, and leisure needs, with a focus on family-friendly experiences enhanced by an Eastern-inspired dome architecture. In the broader Ho Chi Minh City retail market, which totals about 1.2 million sqm of space with an overall occupancy of 93.6% as of Q2 2025, Van Hanh Mall reports 100% occupancy, reflecting strong demand and effective management. Average prime rents in HCMC malls stand at around USD 53 per sqm per month, though specific rates at Van Hanh may vary based on location and tenant category, typically competitive for non-central sites.

Accessibility is supported by its position at the crossroads of Districts 1, 3, 5, and 10, with parking for over 1,000 vehicles and proximity to major roads, though heavy traffic remains a challenge in the city. The target demographic includes local residents aged 18-45, primarily middle-income families and young professionals, drawn from District 10"s population of over 200,000 with growing disposable incomes.

Leasing advantages include stable occupancy, opportunities for international brand entry, and promotional events that boost footfall, estimated at high levels due to full tenancy and community events. However, potential drawbacks involve intense competition from larger central malls like Vincom Mega Mall and AEON Mall, which offer higher prestige and footfall, as well as market saturation in fashion and F&B categories across HCMC.

Operational quality is solid, with regular maintenance and digital integration, but aging infrastructure is not an issue given its recent opening.

Overall, it suits retailers seeking affordable entry into Vietnam"s expanding retail sector amid 13.6% CAGR projected through 2033, balanced against urban mobility risks and category overlaps.

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Hours of Operation

Hours

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Monday	09:30 AM — 10:00 PM
Tuesday	09:30 AM — 10:00 PM
Wednesday	09:30 AM — 10:00 PM
Thursday	09:30 AM — 10:00 PM
Friday	09:30 AM — 10:00 PM
Saturday	09:30 AM — 10:00 PM
Sunday	09:30 AM — 10:00 PM

Holiday Hours

Hours may vary on public holidays. Check with individual stores for specific holiday schedules.

11 Sư Vạn Hạnh, Ho Chi Minh City, Vietnam

Insights

Demographics and Footfall

Van Hanh Mall primarily serves a demographic of middle-class families and young professionals in District 10 and adjacent areas of Ho Chi Minh City, where the population exceeds 200,000 residents with average household incomes rising due to urban migration and economic growth. The area features a mix of residential zones and small businesses, attracting shoppers aged 18-45 who prioritize convenience and value. Footfall benefits from strong local draw, supported by full occupancy and community events, though exact metrics are not publicly detailed; comparable HCMC non-central malls report 5-7 million annual visitors. This positions it well for everyday retail but may lag behind CBD sites with 10+ million visitors annually, influenced by HCMC"s overall retail demand driven by a burgeoning middle class representing 20% of the population.

Tenant Mix and Occupancy

The tenant mix at Van Hanh Mall emphasizes a balanced portfolio with 40% fashion and accessories (UNIQLO, Nike, Levi"s), 30% F&B (Starbucks, Swensen"s), 15% entertainment and services (CGV, CitiGym), and 15% grocery and specialty (Co.op Xtra, Pop Mart). This diversity supports cross-shopping and sustains 100% occupancy as of 2025, higher than the city average of 93.6%, indicating robust leasing demand and low vacancy risks. Strengths include attraction of international brands seeking expansion in Vietnam, while weaknesses involve potential oversaturation in F&B amid citywide competition. Operational quality is high with efficient space utilization post-2020 renovations adding 1,500 sqm, aiding performance in a market where prime malls account for 50% of NLA.

Lease Terms and Competition

Lease terms at Van Hanh Mall align with HCMC non-central rates of USD 40-60 per sqm per month, offering flexibility for mid-tier retailers with typical 3-5 year commitments and turnover rents for high-traffic zones. Advantages include full occupancy minimizing subletting risks and access to a growing market with stable demand from F&B and entertainment tenants. However, competition is fierce from established players like Vincom Retail and Lotte, which dominate with superior locations and higher footfall, potentially pressuring sales in saturated categories. Market factors such as HCMC"s 6.26% YoY supply growth and inflationary pressures could impact profitability, advising lessees to negotiate incentives like fit-out contributions amid urban access challenges from traffic congestion.