Fashion chain troubled over label fraud suspicions

Fashion chain troubled over label fraud suspicions

SEVEN.AM closed its stores after authorities began investigating allegations that the brand replaced Chinese labels on its products with Vietnamese ones.
Japanese fast fashion brands take over Vietnamese brands

Japanese fast fashion brands take over Vietnamese brands

After Stripe International’s purchase of NEM, Vietnam saw another deal between a Japanese fast fashion brand UNIQLO and local women’s apparel company Elise.
Misunderstanding around NEM Trading JSC's debt

Misunderstanding around NEM Trading JSC's debt

NEM Trading JSC may not be able to deal with a hefty debt from Vietinbank, prompting the bank to sell either the debt or the NEM’s inventory securing it.