Latest News

Sportwear retailer Puma has launched its first flagship in Vietnam. The launch is part of Puma’s Southeast Asian development strategy.

Coolmate, a D2C apparel brand, has secured US $ 6 million in Series B funding led by Vertex Ventures Southeast Asia & India. This investment will fuel Coolmate’s international growth, product innovation, and commitment to sustainability across SEA.

Vietnamese fashion retailers are facing increasing pressure from a surge of low-cost apparel and accessories imported from Chinese e-commerce platforms, as per reports.

Vietnam’s footwear industry is experiencing remarkable growth in 2024, with exports reaching US $ 16.53 billion during the first nine months of the year, showcasing a robust 12.5 per cent year-on-year increase, according to data released by the General Statistics Office (GSO).

Data from the General Department of Vietnam Customs reportedly shows that during the last eight months, Vietnam's exports to Japan have exceeded US $ 16 billion, indicating a 4.8 per cent rise over the same period last year.

Hyosung TNC is set to invest US $ 1 billion in Vietnam to build Bio-BDO plants with a capacity of 200,000 tons per year. This major move aims to boost sustainable materials production and enhance Hyosung’s global market presence in eco-friendly products.