On September 16, social media was abuzz with rumors that Mr. Quach Thai Cong’s business was returning the premises at 66-68 Hai Ba Trung (District 1, Ho Chi Minh City). However, Mr. Thai Cong later affirmed that he had no plans to vacate the premises, contrary to the speculation.
It is known that this address houses Thai Cong Vietnam Co., Ltd. , with interior designer Quach Thai Cong as its Director, and is also the location of the Thai Cong Interior Design flagship store, which opened in March 2023.
This prime location sits at the intersection of Hai Ba Trung and Nguyen Sieu streets, offering a view of Cong Truong Lam Son and the Park Hyatt Saigon building.
Some brokers have advertised the space for rent at a price of 45,000 USD/month, equivalent to over 1.1 billion VND/month.
The rentable area measures 1,517 sq. m, with a usable area of 1,400 sq. m, comprising one ground floor and seven upper floors. The lease term is 5-10 years, with a 3-month deposit and payments due every 3 months.
In 2023, this address made headlines due to the high prices at the Thai Cong cafe.
A TikToker who visited the cafe at that time shared that nothing on the menu was priced below 100,000 VND. A pot of pure tea like the one shown above cost her 230,000 VND, and a smoothie was priced at a staggering 210,000 VND.
Thai Cong Vietnam Co., Ltd. was established in May 2014, specializing in construction completion. Mr. Cong serves as the legal representative and Director of the company.
In December 2021, the company increased its charter capital from 2.7 billion VND to 3 billion VND. In an announcement made in October 2022, the company’s head office was changed to 66-68 Hai Ba Trung.
In January 2023, the company added Mr. Oliver Haake-Schütz (born 1965, German nationality) as a legal representative.