Takashimaya bets on Vietnam, aims for 10% of group profit: president

Japan's upscale retailer shifts to commercial developer in ASEAN

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President of Takashimaya Yoshio Murata said the company aims to increase the percentage of Vietnamese business in its total operational profit. (Nikkei montage/Source photos by Tamayo Muto and Atsushi Oooka)

TAMAYO MUTO

TOKYO -- Japanese department store operator Takashimaya's president says they will "focus on Vietnam for the time being" as a part of their strategy to increase overseas business, while it sees a domestic growth ceiling amid Japan's population decline.

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