Archive by tag: VietnamReturn
 Is Vietnam the Next Hot Retail Market?

Is Vietnam the Next Hot Retail Market?

NEM Vietnam, the second largest women’s apparel maker in the country, and Stripe International, a Japanese fashion retailer, have begun negotiations for Stripe to acquire a stake in NEM.According to the Hanoi Times, Stripe wants to take over the fashion business of NEM, which has huge potential with 44 stores across the country targeting women aged 20-40. NEM’s revenue is expected to rise by 20 percent this year to $26 million.The acquisition of NEM is part of Stripe’s plans to...
Read More
Investments into Vietnam Starts to Slow Down

Investments into Vietnam Starts to Slow Down

After a record US$21.93 billion in foreign direct investment (FDI) during the first seven months of 2017, a 52 percent year-on-year surge and the highest growth rate since 2011, investment has started to taper off..  Noteworthy, is that of all the FDI pouring into the nation only US$0.75 billion went to the textile and garment industry, despite Vietnam attracting an increasing volume of apparel orders. Manufacturing and processing industries continued to be the top sector, receiving US$10.8...
Read More
Volume Orders Find a New Home in Vietnam

Volume Orders Find a New Home in Vietnam

While the Chinese suppliers are being forced to cater to smaller orders and move up the value chain, Vietnamese suppliers are happily picking up the big volume orders from China. “This years business is much better than last year since we are seeing buyers move their orders from China to Vietnam. In the past few months, at least 10 buyers have placed test order with us. If the tests go well, they’ll stay with us and run bigger programs,” Truong Thi Minh Hau, merchandise manager at Vinatex,...
Read More