Shein to set up huge Vietnam warehouse in US tariff hedge, sources say

[Eugene]

Source: Reuters

Exclusive-Shein to set up huge Vietnam warehouse in US tariff hedge, sources say

Francesco Guarascio and Casey Hall
Thu, May 15, 2025 at 5:05 AM EDT 4 min read

HANOI/SHANGHAI (Reuters) -Fast-fashion online retailer Shein is leasing a huge warehouse in Vietnam, two people familiar with the deal told Reuters, its first in the country, in a move that could reduce its exposure to unpredictable U.S.-China trade tensions.

Shein, which was founded in China and sells products including $5 bike shorts and $18 sundresses, has agreed to lease nearly 15 hectares of industrial land for a warehouse near Ho Chi Minh City, Vietnam's commercial and trading hub, the two sources said, declining to be identified because the information was not public.

The online retailer, which almost entirely relies on China-based suppliers to make garments for the United States and other markets, has been caught in the crosshairs of a tit-for-tat China-U.S. trade war that threatens to upend global supply chains, despite a recent de-escalation.

One of the sources and a third person said Shein had been looking to rent more storage space in Southern Vietnam in addition to the large warehouse - equivalent to about 26 football pitches - which would store clothing and apparel from contractors before export.

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Read more: https://finance.yahoo.com/news/exclusive-shein-set-huge-vietnam-090507510.html

[Lovie777]

1. What happened to "made in America"?....

[JBTaurus83]

2. So

the Pig is now helping to bring China and Vietnam closer together lol.

[Mz Pip]

3. American owned companies

in China will move to Vietnam before they come back here.

[Wonder Why]

4. If the warehouse is storing Chinese products, wouldn't they still be subject to tariffs? Unless of course,

the warehouse becomes a tag relabeling center. I wouldn't put it past any big company for fraud like that.

[Tetrachloride]

5. Just what I need. More clothes.