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Vincom Plaza Da Nang, situated at 910A Ngô Quyền in central Da Nang, Vietnam, covers 30,000 square meters of gross leasable area across 4 levels and hosts 150 retail stores since its 2015 opening. Managed by Vincom Retail JSC, part of a 88-mall network, it holds a prominent position in Da Nang's expanding retail landscape, where GRDP grew 6.47% in the first nine months of 2024 and the services sector advanced 6.96%.

Tenant mix balances international apparel like H&M and Levi's, quick-service dining such as Jollibee, essentials via WinMart supermarket, entertainment with CGV Cinema and VinKE zones, alongside electronics and home goods for diverse appeal. Occupancy reaches 95% with 5% vacancy, supported by tenant upgrades; average rent is 12 USD per square meter monthly with fixed escalations, while annual sales hit 5,000 USD per square meter.

Daily footfall averages 4,166 visitors, yielding 2.5 million annually, with 90-minute dwell times and 25% conversion rates, projecting 5% yearly growth. Primary catchment of 1.2 million within 5 km features median age 32, household income 25 million VND monthly, and per capita retail spend of 2,529 USD.

Leasing advantages encompass stable co-tenancy from anchors, promotional campaigns boosting traffic, loyalty programs at 30% penetration, and opportunities in experiential retail amid Vietnam's market growth to 209.19 billion USD by 2030 at 5.13% CAGR. Drawbacks include e-commerce rivalry, seasonal tourism variability, infrastructure constraints causing congestion, and saturation in fashion/food categories limiting premium positioning.

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Hours of Operation

Hours

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Monday10:00 AM — 10:00 PM
Tuesday10:00 AM — 10:00 PM
Wednesday10:00 AM — 10:00 PM
Thursday10:00 AM — 10:00 PM
Friday10:00 AM — 10:00 PM
Saturday09:30 AM — 10:00 PM
Sunday09:30 AM — 10:00 PM
Holiday Hours

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

910A Ngô Quyền, Da Nang, Vietnam

Insights

Demographics and Catchment

Primary catchment spans 1.2 million residents in 5 km radius, with secondary at 10-20 km, showing 1.5% annual population growth. Median age stands at 32 years, household size 3.5, tertiary education 25%, and median income 25 million VND monthly. Per capita retail spending totals 2,529 USD yearly, including 68.66 USD on apparel, 1,000 USD on groceries, 200 USD on electronics. Demographics target young professionals, families, and middle-class urbanites, bolstered by low unemployment of 1.92% and cost of living at 590 USD monthly, fostering steady demand but capping luxury segment potential amid Da Nang's urbanization.

Competition and Market Risks

Da Nang retail features rivals like Lotte Mart and Indochina, yielding medium density in fashion and food. E-commerce surge heightens competition, diminishing physical footfall alongside neighborhood centers and online platforms. Saturation in key categories pressures rents and negotiations; economic volatility influences discretionary outlays. Seasonal tourism dips and broader market challenges, including post-Covid recovery variances, introduce risks to consistent performance, though Vincom's network aids resilience via targeted upgrades.

Operational Quality and Accessibility

Central location ensures public transport access, main road proximity, high pedestrian flow, and 800 parking spots. Management by Vincom provides professional oversight, CCTV security, digital signage, and low crime rates, with 79% internet penetration supporting 40% click-and-collect. Infrastructure from 2015 may demand upkeep, while traffic bottlenecks and logistics issues arise during peaks. Occupancy at 95% reflects stable operations, medium lease flexibility, and promotional events, yet tourism fluctuations and access inefficiencies pose challenges to daily traffic reliability.

Building Details

Property Type
Shopping Mall
Gross Leasable Area
40,000
Year Built
2015
Parking Spaces
500
Average Monthly Footfall
416,667
Owner
Vincom Retail JSC
Anchor Tenants
VinMart, CGV Cinema, VinKE

Detailed Market Analytics

Primary Catchment Area
5 km
Secondary Catchment Area
20 km
Catchment area population
800,000 People
Population growth rate
2.6 %
Median age
33.4 Years
Household size
3.5 Persons
Education level (tertiary)
25.0 %

Median household income
1,200 USD per month
Unemployment rate
2.5 %
Cost of living index
40 Index (NYC=100)

Retail spending per capita
3,691 USD per year
Spending on apparel
68.66 USD per person
Spending on groceries
450 USD per person
Spending on electronics
200 USD per person

Annual foot traffic
5,000,000 Visitors
Dwell time
120 Minutes
Conversion rate
25.0 %
Sales per square meter
1,500 USD per year

Number of retail stores
100 Stores
Anchor tenant presence
Yes Presence
Competitor density (same category)
3 Malls per city
Tenant diversity
High Level
Unique Concepts
Yes Presence

Gross Leasable Area
40,000 sqm
Number of Levels
4 Levels
Average rent per square meter
35 USD per month
Vacancy rate
20.3 %
Lease term flexibility
Standard 3-5 years Years
Available retail space
5,000 sqm

Proximity to main roads
Yes Access
Public transport access
Yes Access
Parking spaces
500 Spaces
Pedestrian traffic
High Level

E-commerce competition
High Level
Click-and-collect adoption
Moderate Level
Internet penetration
79.0 %

Retail crime rate
Low Level
Security measures
CCTV and guards Measures

Promotional events
Yes, seasonal Events
Loyalty program penetration
High Level
Digital signage presence
Yes Presence

Projected foot traffic growth
5.0 %
New tenant pipeline
Several Tenants
Mall expansion plans
Upgrade to Vincom Center Plans
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Da Nang

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