Fashion
Vietnam’s PM order outlines steps to boost exports, diversify markets
The country’s total trade revenue this year till September 15 was estimated at $673.21 billion—up by 17.2 per cent year on year (YoY), with exports climbing by 15.8 per cent YoY to $325.26 billion and imports rising by 18.8 per cent to $311.95 billion.
Vietnam’s PM has issued an order outlining steps to boost exports and diversify markets.
The Industry and Trade Ministry will lead efforts to monitor market conditions and trade policies of partner countries.
Major trade promotion programmes will also be launched in key markets.
Local authorities are instructed to attract large-scale projects by MNCs with global value chain participation capabilities.
The Prime Minister cautioned that despite these gains, global uncertainties, including strategic competition, conflicts and US reciprocal tariffs, pose significant risks for Vietnam’s exports.
The Industry and Trade Ministry will spearhead efforts to monitor market conditions and trade policies of partner countries, implementing flexible and timely solutions to boost exports, while addressing emerging challenges, a domestic news outlet reported.
The ministry will focus on capitalising on existing free trade agreements (FTAs) while working to sign new ones to tap such potential markets as the Middle East, Africa, Latin America, Central Asia, Eastern Europe, India, Pakistan and Brazil as well as the Mercosur and the Gulf Cooperation Council.
Major trade promotion programmes will also be launched in key markets, including the United States, the European Union, China, Japan, South Korea, the Association of Southeast Asian Nations (ASEAN), and India, while efforts to expand e-commerce and digital trade must be intensified.
Other solutions in the directive include refining mechanisms and policies to create a transparent investment environment, controlling product quality during customs clearance process, preventing imports of low-quality goods, intellectual property violations and origin fraud, strengthening economic diplomacy, and upgrading transport and logistics infrastructure.
The State Bank of Vietnam has been tasked with managing exchange rates flexibly and developing mechanisms to strengthen monetary and banking linkages in line with global commitments and legal frameworks.
Local authorities are instructed to attract large-scale projects by multinational corporations with global value chain participation capabilities. Besides, they must improve information-sharing with producers and packaging facilities to prevent congestion in cross-border agricultural trade.
The directive asks exporters to promote investment in science and technology, diversify supply chains, build stronger brands and target niche markets.
Fibre2Fashion News Desk (DS)
Fashion
Global businesses eye growth during China’s longest Singles’ Day sale period to date
By
Reuters
Published
November 11, 2025
Black Friday? No. Cyber Monday? Nope. Prime Day? Absolutely not. The world’s biggest shopping event happens in China each year – and is called Singles’ Day.
Originally a holiday to celebrate being single, as a counter to Valentine‘s Day, the event has grown into a weeks-long online shopping festival that this year began on October 9 and runs through November 11 – making it the longest Singles’ Day sales period ever.
The idea for Singles’ Day originated at China’s Nanjing University back in 1993 and was originally called “Bachelor’s Day.” On the day, single people treat themselves with gifts and presents, while also organising social gatherings and parties.
Last year, the total value of goods sold during the shopping bonanza – also known as “Double 11” – totalled 1.44 trillion yuan ($202 billion), according to data provider Syntun. That is almost five times the $41.1 billion US shoppers spent last year during Cyber Week, the period from Black Friday to Cyber Monday, per data from Adobe Analytics.
Cyber Monday immediately follows Black Friday, which falls on the day after the US Thanksgiving Day holiday, the busiest shopping day of the year in the US. But growth has been harder to come by for major e-commerce players in China, which have extended their Singles’ Day sales period and leaned heavily on subsidies and coupons to entice spending. Last year’s sales growth rate of 27% was largely attributed to a longer overall festival period.
This year Alibaba Group pledged 50 billion yuan in subsidies for its 88VIP members over the Singles’ Day period. The event has, in recent years, lost some of its novelty with the rise of other shopping festivals in China, including the midyear “618” sales which is the country’s second-largest, and has also lengthened to a weeks-long event.
While Alibaba started “Double 11” in 2009 to win over online shoppers with discounts and promotions, China’s major e-commerce platforms now all take part in it. JD.com joined in 2012 and PDD Holdings-owned Pinduoduo has also become a significant player, offering low-cost products in competition with Alibaba-owned Tmall and Taobao platforms.
Last year, categories covered by a national 150 billion yuan household-appliance-subsidy scheme outperformed. With a higher comparison base this year, those categories are expected to decline. Nomura analysts forecast in October that home appliance sales will fall 20% in the fourth quarter in China. Instant retail – one-hour delivery of online orders – is also a focus this year. Alibaba and JD.com have poured billions into subsidies throughout 2025 to attract shoppers to rapid-delivery channels, which have been growing faster than e-commerce overall.
Many global companies, from apparel maker Nike to cosmetics firm Estee Lauder and consumer goods giant Procter & Gamble, have a big presence on Chinese e-commerce platforms such as Tmall and JD.com. Aggressive discounting has been a hallmark of Chinese shopping festivals since pandemic restrictions ended in China in late 2022, though consumption overall has remained sluggish as people save more in the face of macroeconomic challenges and a prolonged property crisis.
According to Alibaba, 35 brands, including Nike, L’Oreal, and local firms Anta and Proya, sold more than 100 million yuan of merchandise in the first hour of the sale this year. At a press conference a few days into its Singles’ Day sales period, JD.com said it would list over 100,000 “hit” products at its lowest prices of the year and sell 50,000 pairs of thermal Long Johns at 2 yuan each, shipping included.
Phone sales are expected to be strong this year, given recent launches of Apple‘s iPhone 17 series and Xiaomi‘s 17 series in September. Within the first two hours, sales of iPhone on Apple’s Tmall store exceeded the full-day total for the same period last year, according to Alibaba, which did not disclose specific figures.
© Thomson Reuters 2025 All rights reserved.
Fashion
From Seoul to the world: How Korean fashion dominates 2025
K-fashion in 2025 stands as a global movement defined by creativity, inclusivity, and cultural pride.
From gender-fluid tailoring to acubi minimalism and futuristic punk, Korean designers are setting global trends.
With sustainability and tech innovation at its core, Seoul is not just following fashion—it is leading it with confidence and conscience.
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Fashion
Fan Club opens London Designer Outlet pop-up for festive football season
Published
November 11, 2025
Retailer Fan Club is to open a temporary store at Wembley’s London Designer Outlet (LDO) with a short-term lease allowing the football gifting specialist a 773 sq ft space across the festive season.
Created by parent Calendar Club, Fan Club is specialising in “authentic, officially licensed” merchandise from top Premier League and Scottish Premiership clubs, with each team having its own dedicated section. The offer will also include Christmas jumpers, branded footballs, and scarves.
Fan Club said it has grown to operate around 20 seasonal stores located across high streets and shopping centres across the UK and Ireland “far exceeding expectations over an extended two-year trial period”.
This new location at LDO will also be able to take advantage of nearby Wembley Stadium hosting upcoming men’s and women’s England internationals, as well as supporters drawn to stadium and museum tours.
Claire Holmes, retail director at Calendar Club, said: “We thrive on sharing fans’ passion for football and their club and can’t wait to do this in such an iconic location.”
The short-term letting continues LDO’s run of leasing activity, which has seen it add key international brands Gap, New Era, and Columbia to its line-up in recent weeks.
Matt Slade, retail director at operator Quintain, said: “The introduction of Fan Club is a great addition to our line-up during the busy Black Friday and Christmas period. The brand has had huge success across the country over the past couple of years and its wide array of products will really appeal to our unique shopper audience.”
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