Fashion
Vietnam to implement 7.2% minimum wage hike effective Jan 1, 2026
Hourly minimum wages will also be revised nationwide, ranging from VND17,800 to VND25,500 (~$0.68-$0.97) per hour. These rates will form the statutory basis for wage negotiations and payments, ensuring that employees paid on a monthly, hourly, daily or output basis receive no less than the prescribed minimum once converted.
Vietnam will implement a nationwide minimum wage hike from January 1, 2026, raising monthly wages by 7.2 per cent on average, with regional and hourly rates also revised.
The changes are accompanied by new policies on labour registration, administrative enforcement, agricultural land-use tax and technology transfer, alongside clearer rules to strengthen labour market governance and compliance.
Monthly minimum wages will be revised across all four regions, with the highest levels set for region 1 and the lowest for region 4.
The updated regulations are being introduced alongside a broader set of new measures covering labour registration, administrative penalties, agricultural land-use tax and technology transfer linked to major railway infrastructure projects.
New rules on labour registration and the labour market information system will take effect, clarifying registration procedures for workers, unemployed persons and those not covered by compulsory social insurance, as per Vietnamese media reports.
From the same date, updated provisions governing the enforcement of administrative sanction decisions will be implemented, outlining clearer principles, processes and responsibilities to strengthen lawful and effective execution.
Fibre2Fashion News Desk (SG)
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.
Source link
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)
MrBeast sparks panic with YouTube exit announcement
Supreme Court justices skeptical of Trump order to restrict birthright citizenship
FDA Approves Eli Lilly’s GLP-1 Pill
-
Politics1 week agoAfghanistan announces release of detained US citizen
-
Tech1 week agoCan a Home Appliance Fix the Problem of Soft-Plastic Waste?
-
Sports1 week agoBroadcast industry CEO says consolidation is ‘essential’ to compete for NFL soaring media rights prices
-
Entertainment1 week agoUN warns migratory freshwater fish numbers are spiralling
-
Business1 week agoProperty Play: Home flippers see smallest profits since the Great Recession, real estate data firm says
-
Business1 week agoGold prices soar in Pakistan – SUCH TV
-
Fashion1 week agoICE cotton slips on weaker crude, profit booking
-
Business1 week agoMore women are entering wealth management, but few are in advisory roles, study finds