SHEIN, the Singapore-based fast-fashion giant, is relocating its production to Vietnam as it adapts to evolving US trade regulations, as per reports.
Business News
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In response to changing US trade policies, SHEIN is offering incentives to Chinese suppliers to relocate to Vietnam. The move aims to reduce the impact of US tariffs on its business.
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Vietnam's apparel and footwear sectors have been advised to get ready for potential changes in trade dynamics when the new US administration takes office.
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Countries like Vietnam and Malaysia are navigating the complexities of geopolitical tensions by maintaining neutrality between USA and China-aligned blocs, enabling them to attract diverse investments and strengthen their role in global supply chains.
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By leveraging last year's robust recovery, Vietnam's garment and textiles sector is poised for significant growth in 2025, driven by shifting global demand, green production practices, and technological advancements.