Việt Nam’s fashion industry is poised for a new phase of growth as e-commerce adoption accelerates, though businesses must overcome challenges in branding, sustainability and digital transformation to fully capture the opportunity, speakers said at a conference on June 19.
LEFASO, along with the Việt Nam Textile and Apparel Association and the Việt Nam Timber and Forest Products Association, jointly proposed the development of a 40-hectare centre dedicated to innovation and material supply for the fashion industry.
Vinatex PD&B will handle the design and product development phases within the supply chain, which traditionally held the highest value and were managed by buyers.
Fashion Link JSC, which has supplied green materials to the fashion industry since 2008, and Singtex, one of the leading providers of eco-friendly functional textiles in Taiwan (China) have signed an agreement for supplying S. Café® coffee fabric in Việt Nam.
Through its partnership with local fashion distribution company Maison Retail Management International (MRMI), APR now has four stores in Việt Nam, including two in Hà Nội and two in HCM City.
Green transformation is becoming a trend in the textile industry, with many fashion brands using environment-friendly materials to make their products.
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.
VsetGroup Group Joint Stock Company (VsetGroup) opened its new headquarters and launched two new subsidiaries, VSMan Fashion Joint Stock Company and VsetCredit Financial Company Limited, in HCM City last Saturday.
Premium fashion retailer Runway will hold a special event where customers will have opportunities to buy luxury secondhand designer pieces at its store in the Rex Hotel in HCM City on Wednesday and Thursday.