Suppliers offered sweeteners to set up shop in Vietnam

Agencies and staff reporter

Fast fashion giant Shein is asking some of its top apparel suppliers in China to set up new production capacity in Vietnam with incentives including higher procurement prices of as much as 30 percent, people familiar with the matter said.

The efforts have been in the works for the past few months and have accelerated in recent weeks as the company seeks to mitigate the impact of fresh US tariffs on Chinese goods, the people said.

Adding supply outside of China will allow Shein to avoid US President Donald Trump's punitive policy on goods coming from the world's second-largest economy.