Fashion
Vietnam’s Finance Ministry pegs 2026 GDP growth target at 10%
In its recent report to the government, the ministry said all 15 key indicators of the economy are expected to achieve target.
Vietnam’s Ministry of Finance has drafted a socio-economic development plan for next year, setting the GDP growth target at 10 per cent—a sharp rise over this year’s expected growth.
GDP per capita is projected at $5,000 in 2026, inflation at around 5 per cent and poverty reduction at 1-1.5 per cent.
The plan outlined 10 key policies, including institutional reforms and ensuring macroeconomic stability.
GDP growth is projected to reach at least 8 per cent this year, with per capita income rising to $5,000 and inflation staying at around 4 per cent, providing the launch pad for double-digit growth in 2026.
GDP per capita is projected at $5,000 in 2026, inflation at around 5 per cent and poverty reduction at 1-1.5 per cent.
However, the double-digit growth target is far more ambitious than forecasts by international institutions.
The draft plan outlined 10 key policies. These include hastening institutional reforms, ensuring macroeconomic stability, shifting to a new growth model, accelerating investment in infrastructure, enhancing human resource quality, and advancing science, technology and innovation.
The ministry noted that economic hubs like Hanoi, HCM City, Da Nang, Hai Phong, Dong Nai and Lam Dong would need to post double-digit growth to generate momentum for the broader economy, a domestic news outlet reported.
Vietnam’s economy expanded at 7.52 per cent in the first half this year—the highest recorded during the 2011-25 period.
Fibre2Fashion News Desk (DS)
Published
October 6, 2025
London-based womenswear brand Sister Jane has just opened its Repair Studio within its recently renovated Notting Hill townhouse store.
The full-on sustainability brand is taking action to extend the life of its designs, “encouraging a circular fashion model and tackling disposability culture head on”.
The new studio offers complimentary repairs on Sister Jane pieces (loose seams, missing buttons etc) purchased directly from the brand over its 14 years in business, while paid alterations are available on new items (such as adjusting length), “giving customers the option to personalise fit for a small fee”.
Launched alongside Sister Jane’s ‘No Place Like Home’ collection, repairs and alterations are carried out in-house by the brand’s own specialist, with appointments available Monday-Friday.
Founder Enrico Ziglio said: “We pride ourselves in creating meaningful and emotive garments that hold memories for customers for many years, so we are proud to be able to offer Sister Jane fans a way to preserve their pieces for longer. As a fashion brand, we believe we have a responsibility to extend the life cycle of our items and reduce waste and we hope that our new initiatives make a small difference and empower our Sister Jane community to shop and enjoy their coveted pieces more sustainably.”
Copyright © 2025 FashionNetwork.com All rights reserved.
Published
October 6, 2025
Matalan has unveiled several senior leadership appointments within the product, brand and commercial team.
It said the moves “will see Matalan’s overall offer refreshed to deliver everyday style, quality and value for customers to help win market share and deliver [its] transformation”.
The UK and international fashion and homewares retailer also said its new senior hires deepen “its expertise in buying and design, trading and merchandising, customer and loyalty, and e-commerce”.
So, just whoa re the newcomers? Jo Bennett joins as Director of Buying & Design to lead the product and design strategy, coming from Tu clothing and John Lewis, where she led the Womenswear & Accessories business.
Jon Williams is now in the newly-created role of Director of Trading, Planning and Merchandising, with over 20 years’ multichannel retail experience from brands including John Lewis, Tesco and Primark.
Eilidh MacAskill has joined as Director of Marketing, bringing senior experience across retail and fashion journalism, including roles at Ocado, Asda and Monsoon Accessorize.
And Andreas Nicolaides as Director of Digital will drive Matalan’s omnichannel strategy, bringing extensive experience from N Brown, John Lewis and digital media agencies across the UK.
We’re told that these appointments “complement existing strengths across sourcing, quality, customer insight and data, creating a leadership team with the expertise and experience needed to deliver a step-change and win market share, particularly within womenswear”.
They follow the arrival of Sarah Welsh in the newly-created role of Chief Product, Brand and Commercial Officer earlier in the year, “which brought product, brand and commercial capabilities together within one team”.
Welsh said of the new team members: “Bringing together product, brand and commercial under one structure gives us the focus we need to relentlessly deliver the everyday style, quality and value our customer deserves. I am delighted to welcome the new team and look forward to inspiring our customer, innovating within our product and marketing and building our share in the market.
The changes just announced also follow the earlier news of a significant investment programme in Matalan’s store estate and supply chain, underpinned by the £25 million of additional funding secured from its anchor investors earlier this year.
Karl-Heinz Holland, Executive Chair of Matalan, said of all this: “We are making strong progress on our transformation plan. Combining product, brand and commercial capabilities has enabled us to put customers at the heart of everything we do and deliver on our promise to provide excellent quality, value and style. With fresh investment, a modernised store estate, invigorated product and the right talent across the business, we have both the strategy and means to grow our market share, attract new customers and deliver sustainable, profitable growth. I am proud of everything we’ve achieved so far on this journey.”
Copyright © 2025 FashionNetwork.com All rights reserved.
A Chinese Ministry of Commerce spokesperson said the country firmly opposes protectionist measures that harm its legitimate rights and interests, and will closely monitor the development of the investigations.
Mexico has opened 11 anti-dumping investigations into Chinese products till now this year—nearly twice of last year’s total, a Chinese state-controlled media outlet reported.
China has urged Mexico to comply with WTO rules in its anti-dumping investigations and protect the rights and interests of Chinese firms.
Mexico has opened 11 such probes into Chinese products this year—nearly twice of last year’s total.
In response to Mexico’s proposed tariff hikes and other restrictions, China is probing trade and investment barriers in accordance with relevant laws and regulations.
The spokesperson said that against the backdrop of excessive use of tariffs by the United States, China holds that all countries should work together to oppose unilateralism, curb the spread of protectionism and refrain from imposing restrictions on China under various pretexts due to external coercion.
In response to Mexico’s proposed tariff increases and other restrictions, the ministry has launched an investigation into trade and investment barriers in accordance with relevant laws and regulations.
Fibre2Fashion News Desk (DS)
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