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Vincom Mega Mall Thao Dien, located in Districts 2 Thao Dien area of Ho Chi Minh City, is a 90,000 sqm GLA mega mall opened in 2015, part of Vincom Retails portfolio. It features over 250 tenants with a focus on fashion and lifestyle, anchored by Decathlon, WinMart, and BHD cinemas, plus unique amenities like an ice rink. Occupancy stands at 88%, with rents at USD 52/sqm/month.
Accessibility via Xa Lo Ha Noi road and nearby MRT supports footfall of 8 million annually. The catchment includes affluent expats and locals with median income of USD 1,000/month. In a market with 13.6% CAGR, it offers leasing advantages through flexible terms and strong management, but faces competition from SC VivoCity and e-commerce, plus aging facilities.
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Hours of Operation
Hours
| Monday | 10:00 AM — 10:00 PM |
| Tuesday | 10:00 AM — 10:00 PM |
| Wednesday | 10:00 AM — 10:00 PM |
| Thursday | 10:00 AM — 10:00 PM |
| Friday | 10:00 AM — 10:00 PM |
| Saturday | 09:30 AM — 10:00 PM |
| Sunday | 09:30 AM — 10:00 PM |
Hours may vary on public holidays. Check with individual stores for specific holiday schedules.
Insights
Demographics
The Thao Dien demographic features affluent professionals and expats with median household income of 1,000 USD monthly, supporting premium spending of 2,000 USD retail per capita annually. Population growth is 1.5%, median age 32, 35% tertiary education, drawn by schools and business proximity. This drives steady footfall, though economic shifts may affect expats.
Competition
Intense competition from SC VivoCity and Vincom Mega Mall Grand Park, with brand duplicates like Uniqlo and Decathlon. E-commerce pressure with 80% internet penetration erodes fashion sales amid 5 malls per 10 km saturation. Entertainment differentiates, but newer rivals challenge attraction. City rents stabilize at USD 50-60/sqm, occupancy 93.6% Q2 2025.
Lease Terms
Base rents USD 52/sqm monthly plus 5-10% turnover on sales align performance but add volatility. Terms 3-5 years, 7% vacancy, 5,000 sqm available. Vincoms 90-93% occupancy ensures stability, but negotiate flexibility amid 13.6% market CAGR, e-commerce risks, and competition.
Building Details
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City Snapshot
Ho Chi Minh City
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City Snapshot
Ho Chi Minh City
Comprehensive market intelligence for retail expansion in this city
