Economy
Shein abandons ambition to turn Vietnam into major export hub after year-long trial
After more than a year of renting 15 hectares of warehouse space near Ho Chi Minh City to test Vietnam as a major export hub, fast-fashion giant Shein has reportedly shifted its focus back to China due to lackluster outcomes. The decision highlights Vietnam's challenges in building a complete supply ecosystem for ultra-fast fashion, despite its labor cost and geographic advantages.