Business · 10 August 2026
Shein Returns to China After Vietnam Warehouse Experiment Falls Short
Chinese fast-fashion giant Shein is substantially scaling back its Vietnam operations, reducing a major warehouse lease from 15 hectares to 6 hectares. New US tariffs of 12.5% were imposed last month on goods from both China and Vietnam. The end of a US duty-free exemption for shipments under $800 also undermined the business case for Vietnam, leading to mass layoffs.
Reported by Reuters · How we write briefs