Reuters Business(@ReutersBiz):Just over a year ago, Chinese ultra-fast fashion retailer Shein began leasing 15 hectares of warehouse facilities — equivalent in size to 21 soccer pitches — near Ho Chi Minh City, part of a grand experiment to make Vietnam a major export base. But things did not go to plan. Today, IPO-bound Shein is drastically scaling back in Vietnam, six people familiar with its operations there said

Reuters Business

@ReutersBiz

The latest business and financial news from around the 🌍 with insights from @breakingviews. Our new daily podcast is here:

Joined June 2008

237 Following 3.3M Followers

Reuters Business@ReutersBiz

2026.08.10 02:30

Just over a year ago, Chinese ultra-fast fashion retailer Shein began leasing 15 hectares of warehouse facilities — equivalent in size to 21 soccer pitches — near Ho Chi Minh City, part of a grand experiment to make Vietnam a major export base. But things did not go to plan. Today, IPO-bound Shein is drastically scaling back in Vietnam, six people familiar with its operations there said