Fashion
Tougher for Vietnam’s SBV to hit 10% economic growth in 2026: Official
The government has said Vietnam is on track to reach this year’s economic growth target of more than 8 per cent and plans to target 10 per cent growth next year.
“Since the beginning of 2025, complicated and unpredictable developments of the global markets, such as the Fed’s [US Federal Reserve’s] unpredictable monetary policy and the tariff policy of the US government, have been affecting the economy, the foreign exchange market and exchange rates,” Quang was quoted by domestic media reports as telling a recent press conference.
Tariffs and monetary policies abroad will make it tougher for Vietnam’s central bank to get its policy settings right and achieve an economic growth target of more than 10 per cent next year, Pham Chi Quang, head of bank’s monetary policy department, said.
The total outstanding credit to the Vietnamese economy exceeded $670 billion as of December 24—up by 17.87 per cent YoY.
The total outstanding credit to the Vietnamese economy exceeded 18.4 quadrillion VND (~$670 billion) as of December 24, 2025—up by 17.87 per cent year on year (YoY), the State Bank of Vietnam’s (SBV) deputy governor Pham Thanh Ha announced.
From the beginning of the year, the central bank set an initial credit growth target of around 16 per cent for the banking system, while allowing for adjustments in line with actual economic conditions.
Credit flows were directed toward production and business activities, priority sectors and key growth drivers in line with directives from the government.
By the end of October 2025, outstanding loans to the manufacturing and processing industry made up 12.39 per cent of total credit, while wholesale and retail trade remained the largest recipient of credit, accounting for 22.24 per cent of total outstanding loans.
Fibre2Fashion News Desk (DS)
The April–June 2026 quarter marks a shift from price volatility to supply insecurity, with material availability becoming the key risk.
Synthetic fibres and chemicals are most exposed due to oil-linked costs and gas shortages, while freight is sharply raising landed costs.
Cotton is adding margin pressure, particularly impacting smaller manufacturers.
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The move follows Lulus’ recent rollout across all Nordstrom stores nationwide and reflects a broader strategy to expand reach and drive incremental revenue. As stated in the press release, each partnership offers curated assortments tailored to platform-specific customer behaviour.
Lulus has expanded its wholesale strategy with a new Amazon storefront and an online partnership with Victoria’s Secret.
Building on its Nordstrom rollout, the move enhances reach and revenue potential.
Curated assortments tailored to each platform aim to engage modern shoppers, supporting scalable growth and strengthening the brand’s presence across key retail channels.
“Today’s customer shops across platforms, and our goal is to show up for her in each of those moments with intentional, elevated product, that is distinctly Lulus,” said Crystal Landsem, CEO at Lulus. “By offering curated assortments across Amazon and Victoria’s Secret, we’re expanding access to our brand in a way that’s thoughtful, strategic, and aligned with how women shop now.”
The Amazon storefront features a curated dress assortment, including many exclusive styles, while the Victoria’s Secret collaboration introduces an online-only range targeting digitally engaged shoppers. The company noted in the press release that these initiatives support scalable growth and strengthen brand relevance.
As Lulus enters its 30th year, it is focusing on disciplined growth, scalable distribution, and long-term brand building. Alongside its Nordstrom expansion, launches on Amazon and Victoria’s Secret strengthen its position as a digitally driven brand with rising influence in modern fashion retail.
Fibre2Fashion News Desk (JP)
Support will be provided through two-way contracts for difference, where a competitively determined strike price ensures revenue stability. If alternative fuel prices fall below this level, the Italian government will compensate producers; if they exceed it, producers will repay the difference. The scheme will run until 31 December 2029.
The European Commission has approved a €6 billion (~$6.5 billion) Italian state aid scheme to produce 200,000 tonnes of renewable hydrogen annually.
Using contracts for difference, the programme will support decarbonisation in transport and industry by ensuring price stability, while promoting investment, competitiveness, and emissions reduction across high-impact sectors.
The Commission concluded that the measure is necessary, proportionate, and incentivises investment that would not occur without public support. It also found that the environmental benefits, particularly in reducing emissions from hard-to-abate sectors, outweigh potential competition distortions.
Fibre2Fashion News Desk (JP)
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