Japan's Takashimaya eyes 2026 opening for new Vietnam shopping center

Hanoi department store would be first overseas location in 8 years

20240418N Takashimaya Store tokyo REUTERS

Passersby walk in front of a Takashimaya department store in Tokyo. © Reuters

MOE SAITO, Nikkei staff writer

TOKYO -- Takashimaya, the Japanese operator of upscale department stores, plans to open a shopping center in Hanoi as soon as 2026, for what would be the company's first new location abroad in eight years.

Subsidiary Toshin Development has started work on a mixed-use complex in the Vietnamese capital, Takashimaya President Yoshio Murata told Nikkei in an interview. Along with a department store, the site will include space for housing, offices and commercial tenants.

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