The Vincom Mega Mall Royal City on Nguyen Trai Street in Thanh Xuan District too was once a major hub for entertainment, dining and shopping.
But business has dwindled, even on weekends, with only people living in apartments on its upper floors and surrounding areas now visiting it.
Nguyen Hoai An, senior director at property consultancy CBRE Hanoi, said this situation has become increasingly common, even for malls in prime locations.
Most have typically been around for seven to 10 years, making their layouts and store designs outdated. But owners are unlikely to renovate them if they have no anchor tenants, she said.
