Fashion
Why tariff gains may not translate into export success
The sharp rise in US tariffs on Indian textiles has prompted buyers to seek alternative sourcing destinations.
Some markets hold a price advantage with lower reciprocal rates.
Industrial electricity prices remain well above regional competitors.
Theoretical tariff edge is proving difficult to convert into orders.
Most of the upside will flow to Bangladesh and Vietnam.
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The Vietnamese government is targeting a GDP growth of 8.3-8.5 per cent this year.
The United Overseas Bank has raised Vietnam’s 2025 GDP growth forecast to 7.5 per cent from 6.9 per cent, citing economic resilience and dynamism despite tariff risks and uncertainties.
The government’s 2025 growth target is 8.3-8.5 per cent.
For 2026, UOB maintained its growth forecast at 7 per cent.
It expects the country’s exports to grow by about 10 per cent in 2025 compared with 14 per cent in 2024.
For 2026, UOB maintained its growth forecast at 7 per cent.
Vietnam’s GDP expanded by 7.52 per cent year on year (YoY) in the first half (H1) this year, marking the quickest H1 pace since 2011, according to the Singapore-based bank’s global economics and markets research unit.
The strong first-half results were propelled primarily by a 14-per cent YoY rise in exports, bolstered by improved market sentiment following US President Donald Trump’s temporary reduction of reciprocal tariffs to a baseline 10 per cent for trading partners over 90 days.
Tariff uncertainties abated in the second half of 2025 after the US locked in country-specific rates ahead of the August 1 deadline, with Vietnam’s levy settling at 20 per cent.
Despite tariff pressures, UOB expects the country’s exports to grow by about 10 per cent this year compared with 14 per cent last year, assuming a moderate 1-5 per cent YoY expansion over the rest of the year.
Vietnam’s manufacturing Purchasing Managers’ Index (PMI) rebounded to 52.4 in July after three consecutive months below the 50-point contraction threshold. Industrial output rose by 9 per cent YoY.
Realised FDI reached $13.6 billion as of July, up from $12.6 billion a year earlier, indicating full-year inflows may surpass $20 billion compared with $25.4 billion in 2024, a domestic news agency reported citing the UOB document.
Fibre2Fashion News Desk (DS)
Published
September 19, 2025
So.Shell continues its rapid London expansion with the luxury nail & brow bar business announcing its sixth location, this time in Covent Garden, following on from openings in Wimbledon (August), Westfield White City (May) plus Chelsea, Battersea Power Station and Carnaby.
The new 1,600 sq ft salon will open mid-November on Shorts Gardens with the latest strategic expansion “solidifying the brand’s position as a rapidly growing force in the UK beauty sector”.
The new store, featuring 12 manicure stations, five pedicure chairs and two stations for brows and lashes, “will provide a truly luxurious and relaxing experience, offering simultaneous services to ensure customers can have a full manicure and pedicure in a single, time-saving visit”.
Using “Ukrainian techniques”, So.Shell said it “delivers its signature time and quality ethos through simultaneous manicure, pedicure, and eyebrow treatments in just 90 minutes”.
The brand’s wide range of treatments includes nail extensions, intricate nail art, gel manicures, pedicures and men’s nail and brow services. Prices for manicures start from £53.
Owners Yana Galiyeva & Maria Sharova said: “To have grown from one to six successful salons in such a short time is a testament to our team’s hard work and our unique business concept. Each new location… has been carefully chosen to bring our premium service to key destinations across London.”
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In the euro area, production of intermediate goods grew 0.5 per cent, capital goods 1.3 per cent, durable consumer goods 1.1 per cent, and non-durable consumer goods 1.5 per cent, while energy output fell 2.9 per cent.
In the EU, intermediate goods rose 0.3 per cent, capital goods 0.9 per cent, durable consumer goods 0.6 per cent, and non-durable consumer goods 1.3 per cent, with energy declining 2.1 per cent.
Industrial production in the euro area rose 0.3 per cent in July 2025 from June, while the EU saw a 0.2 per cent gain, as per Eurostat data.
Year-over-year, output grew 1.8 per cent in both regions.
Capital and consumer goods led gains, while energy declined.
Croatia, Hungary, and Slovenia posted the largest monthly increases, with Estonia, Malta, and Sweden recording steep falls.
Country-wise, the strongest monthly gains came from Croatia (+2.6 per cent), Hungary, and Slovenia (both +2.1 per cent). Estonia (-5.5 per cent), Malta (-4.7 per cent), and Sweden (-3.9 per cent) recorded the sharpest declines.
On an annual basis, production increased most in Latvia (+9.8 per cent), Ireland (+8.1 per cent), and Sweden (+4.1 per cent). The steepest drops were seen in Bulgaria (-8.3 per cent), Luxembourg (-4.7 per cent), and Slovakia (-4.6 per cent).
Fibre2Fashion News Desk (SG)
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