The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
Vietnamese Prime Minister Pham Minh Chinh held working sessions with leading Swedish corporations, including Ericsson, H&M, SYRE, and AstraZeneca in Stockholm on June 13 to foster their investment and cooperation with Vietnam, as part of his official visit to Sweden.
During discussions with the Ministry of Industry and Trade, Syre Group outlined its intention to develop a high-tech fabric production complex in Nhon Hoi A Industrial Park, Binh Dinh province.
A recent report on the local fashion market of the Vietnam Industry Research and Consultancy (VIRAC) found that Vietnamese fashion brands are losing out in the local market, which is increasingly dominated by international brands.
The cross-border e-commerce platform Fado.vn, on April 7, officially announced its indefinite halt of trading items from the Swedish fashion retailer H&M, following H&M’s posting of a map containing the so-called nine-dash line on its website.
Vietnamese apparel manufacturers need to embrace new technologies to meet the growing global fast fashion trends, according to the Vietnam Textile and Garment Association (VITAS).
The influx of foreign fast fashion brands into Vietnam is threatening local retailers’ market share, forcing the firms to move to keep their foothold in the market, Dau tu (Vietnam Investment Review) newspaper reported.
