Truong Hai (Thaco) has commenced construction on the first Thiso Mall commercial center in Hanoi.
Recognized as a diversified industrial conglomerate with core sectors including automobiles, mechanics, real estate, and agriculture, Truong Hai Corporation (Thaco) has recently made significant strides in the Northern market. This expansion is marked by the simultaneous launch of large-scale projects spanning commercial real estate, office spaces, and industrial properties.
Dai Quang Minh Company (Thadico), a Thaco subsidiary, has initiated the construction of the inaugural Thiso Mall in Hanoi. Strategically located in the Starlake urban area (West of West Lake), the project, named Thiso Mall Tay Ho Tay, is being developed on a nearly 24,000m² plot designated as B1-CC1-2.
Rendering of the completed project.
The complex features 5 above-ground floors and 3 basement levels, totaling over 52,000m² of floor space, with completion slated for 2026. This marks Thaco’s third Thiso Mall, following two operational projects in Ho Chi Minh City.
Location of the An Binh City 2 project site.
In another Hanoi-based development, Thaco Group has received approval from the Hanoi People’s Committee to acquire a portion of the An Binh City 2 project from Geleximco Group. The acquired segment, VP1, is part of the Thanh Pho Giao Luu urban area (Phu Dien), adjacent to the Ministry of Public Security headquarters. Spanning 14,005m², the site has a construction area of 6,357m².
Plans call for a 30-35 story building with integrated office, commercial, and serviced apartment (officetel) spaces, totaling 94,740m². The project, with an investment of approximately VND 2.85 trillion, is expected to be completed by Q4/2025.
Master plan for the Thaco – Thai Binh Agricultural Industrial Zone.
Alongside its commercial real estate ventures in the capital, Thaco is also advancing its industrial property investments in Hung Yen (formerly Thai Binh). The Thaco – Thai Binh Industrial Zone, covering over 194 hectares with an investment exceeding VND 2.1 trillion, is a high-tech agricultural industrial park.
Launched in August 2020, the project has completed land clearance for nearly 192 hectares. Infrastructure development is underway, with operations anticipated to commence in 2025.
The concurrent execution of these Northern projects aligns with Thaco’s strategy to expand its Thiso commercial real estate brand. From 2025 to 2027, Thiso plans to undertake 14 flagship projects, establish 15 Emart hypermarkets, and develop 7 Thiskyhall convention centers nationwide, while also extending its presence to satellite cities.
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