Hanoi becomes new retail battleground as 7-Eleven, GS25 move in
Convivence store chains step into Vietnamese capital from foothold in Ho Chi Minh City
7-Eleven's first Hanoi location opened in the city's Old Quarter in early June. (Photo by Yuji Nitta)
YUJI NITTA
HANOI -- A battle of convenience stores is heating up in Hanoi, with Japan's 7-Eleven entering the city to take on a recent arrival, South Korean chain GS25, and market leader Circle K.
7-Eleven opened its first Hanoi location on busy Lo Su Street in the Vietnamese capital's Old Quarter last month. A local company runs the store through a franchise agreement with a subsidiary of Japanese parent, Seven & i Holdings.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
29 minutes ago
Akazawa Starts 8th U.S. Visit for Tariff Talks
News from Japan Jul 22, 2025 12:34 (JST) Washington, July 21 (Jiji Press)--Japan's economic revitalization minister Ryosei Akazawa on Monday kicked off his eighth visit to the United States for tariff talks with the administration of U.S. President Donald Trump. The bruising defeat of Japan's Liberal Democratic Party-led ruling coalition in Sunday's election for the House of Councillors, the upper chamber of the country's parliament, is shaking the foundation of Japanese Prime Minister Shigeru Ishiba's administration, and the development may affect the bilateral tariff negotiations, political watchers said. Attention is being paid to whether Tokyo, which is calling on the U.S. side to review its automobile tariffs, and Washington, which is urging Japan to open its markets further to reduce the U.S. trade deficit with the Asian nation, can compromise with each other. "We will continue talks energetically so that the two sides can find common ground and reach an agreement," Akazawa, Japan's chief negotiator on tariff issues with the United States, told reporters after arriving at Washington Dulles International Airport. He said he does not think that the Upper House election result will negatively affect the negotiations. [Copyright The Jiji Press, Ltd.] Jiji Press
The Mainichi
an hour ago
- The Mainichi
Tokyo stocks edge up as PM Ishiba vows to stay on after election
TOKYO (Kyodo) -- Tokyo stocks edged up Tuesday morning as Japanese Prime Minister Shigeru Ishiba's vow to remain in office despite the ruling coalition's major setback in a national election helped ease concern about political uncertainty. The 225-issue Nikkei Stock Average rose 73.70 points, or 0.19 percent, from Friday to 39,892.81. The broader Topix index was up 3.41 points, or 0.12 percent, at 2,837.89. Japanese financial markets were closed Monday for a national holiday. The U.S. dollar moved little around the mid-147 yen level in Tokyo, with investors adopting a wait-and-see stance as Ishiba's ability to steer the government remains unclear after the ruling coalition failed to retain its majority in the House of Councillors election, dealers said. At noon, the dollar fetched 147.46-47 yen compared with 147.30-40 yen in New York at 5 p.m. Monday. The euro was quoted at $1.1690-1692 and 172.38-42 yen against $1.1693-1703 and 172.28-38 yen in New York late Monday afternoon. Stocks advanced as investors were relieved after Sunday's upper house election outcome was largely within expectations and Ishiba said Monday he will stay on, averting a political upheaval at least for the time being, market analysts said. "Some investors had expected the coalition to lose many more seats," said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management Co. But the market remained cautious as the election result left the ruling bloc without control of both chambers of parliament. The coalition failed to secure a majority in last year's election for the more powerful House of Representatives. "The market is keeping close tabs on whether the ruling coalition will explore a grand coalition with an opposition party" and consider a reduction in the consumption tax as demanded by opposition parties, which would worsen Japan's fiscal health, Ichikawa said.
.jpg%3Fwidth%3D780%26fit%3Dcover%26gravity%3Dfaces%26dpr%3D2%26quality%3Dmedium%26source%3Dnar-cms%26format%3Dauto&w=3840&q=100)
Nikkei Asia
an hour ago
- Nikkei Asia
Yen sustains gains on upper house election outcome
The ruling coalition's loss in an upper house election held over the weekend was within investor expectations. (Photo by Akira Kodaka) LISA KIM and JADA NAGUMO TOKYO -- The Japanese yen continued to trade stronger against the dollar on Tuesday morning as the ruling coalition's loss in an upper house election over the weekend was within investor expectations. The currency traded in the mid-147 level, sustaining the roughly 1% appreciation it notched the previous day, which was a holiday in Japan. The yields on the benchmark 10-year Japanese government bond (JGB) hit 1.535% at one point on Tuesday, a basis point higher from Friday's closing. Yields move inversely to prices.
