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

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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