Want to be in the loop?
subscribe to
our notification
Business News
PROPOSAL TO BUILD FASHION MATERIALS HUB TO BOOST VIỆT NAM’S LEATHER, TEXTILE SECTORS
LEFASO, along with the Việt Nam Textile and Apparel Association and the Việt Nam Timber and Forest Products Association, jointly proposed the development of a 40-hectare centre dedicated to innovation and material supply for the fashion industry.

Nguyễn Thị Thanh Xuân, Vice Chairwoman and Secretary General of LEFASO, speaks at the government meeting on July 22. — Photo baochinhphu.vn
HÀ NỘI — The Vietnam Leather, Footwear and Handbag Association (LEFASO) has proposed establishing an innovation, R&D and trading centre for fashion materials in Việt Nam to strengthen the domestic supply chain and enhance the competitiveness of the country’s leather, footwear, textile and garment industries.
At a Government meeting on July 22, LEFASO Vice Chairwoman and Secretary General Nguyễn Thị Thanh Xuân said the leather and footwear sector still relies heavily on imported materials due to outsourcing. She stressed that building a local supply of raw materials is key to long-term growth and attracting more orders.
In response, LEFASO, along with the Việt Nam Textile and Apparel Association and the Việt Nam Timber and Forest Products Association, jointly proposed the development of a 40-hectare centre dedicated to innovation and material supply for the fashion industry. However, Xuân emphasised that breakthrough policies and strong Government support are necessary to bring the centre to life.
“Although new to Việt Nam, similar models have been successfully implemented in countries like China,” said Xuân. She expressed hope that Vietnamese trade offices and diplomatic missions abroad could help share international experiences and best practices to support the project’s development.
The proposed centre aims to diversify sources of materials, stimulate innovation in design and business models and streamline supply chains. It would not only serve domestic demand, but could also supply materials to other countries in the region like Indonesia, Cambodia and Bangladesh.
Xuân also called for the Ministry of Industry and Trade and other relevant agencies to design a comprehensive policy framework to encourage participation across sectors and establish a more self-sufficient fashion supply chain in Việt Nam. — BIZHUB
Source: VNS
Related News
VIETNAM’S ECONOMIC HIGHLIGHTS IN 2025
Vietnam’s economy saw a series of landmark developments in 2025, from major policy decisions and administrative reforms to infrastructure milestones and the establishment of an international financial center. These events, highlighted in a year-end review by Kinh Te Saigon Online, have laid the groundwork for stronger, more resilient growth in the years ahead.
HANOI’S HIGH-TECH PARKS, INDUSTRIAL ZONES SEEN GENERATING OVER US$12 BILLION IN 2025
Revenue from Hanoi City’s high-tech parks and industrial zones is expected to reach about US$12.14 billion in 2025, reported the Vietnam News Agency. Budget contributions are projected at US$450 million, while exports are forecast at US$7.42 billion. The figures were announced at a dialogue conference held at the National Innovation Center in the Hoa Lac High-Tech Park on December 24.
HCMC CREDIT GROWTH SEEN AT 13.5% IN 2025
Credit growth in December alone is estimated at about 0.95% compared with November, bringing the year-to-date increase to 12.43% by the end of November. Total deposits in the city are estimated at around VND5.17 quadrillion, up 11.94% year-on-year. By the end of November, deposits had risen 10.83% compared with the end of 2024, a level regulators described as relatively solid.
VIETNAM’S AGRO-FORESTRY-FISHERY EXPORTS SET NEW RECORD IN 2025
Deputy Minister of Agriculture and Environment Phung Duc Tien said export turnover for the sector reached US$64.01 billion in the first 11 months of 2025. If December results match recent monthly performance, full-year exports could approach US$70 billion, well above the US$65 billion target. Several product groups are expected to post their highest export values on record.
HANOI CITY TOURISM REVENUE EXCEEDS VND134 TRILLION IN 2025
Visitors have spent more than VND134 trillion in Hanoi City in 2025, as the city has posted record tourist arrivals, according to the city’s Department of Tourism. The capital city has welcomed an estimated 33.7 million visitors during the year, including more than 7.8 million international arrivals, according to the department’s report released on December 25. All key indicators rose by over 20% compared to 2024.
VIETNAM TARGETS 25 MILLION INTERNATIONAL VISITORS IN 2026
Vietnam’s tourism industry aims to attract 25 million international visitors in 2026, building on strong growth and record performance in 2025, according to the Vietnam National Authority of Tourism (VNAT). The target was announced at a conference held on December 24 to review the sector’s 2025 performance and outline tasks for 2026.
























