Target Ramps Up Vietnam Investment as China Costs Rise (1)

Target Corp. is ramping up its investment in low-cost Vietnam, a move that it says will trim expenses as the retail market heats up in the U.S. and sourcing costs rise in Asia’s two largest countries, China and India.

America’s second-biggest retailer behind Walmart is working with factories in Vietnam to speed up sourcing of raw materials, said Ivanka Mamic, senior director for responsible sourcing at Target. She told Bloomberg Law that Vietnam has become a top supplier for the department store chain, but declined to give figures.

“Today, Vietnam is emerging as a giant in the global textile and ...