Vietnam garments market update: Garment industry exports make recovery
Wednesday, April 10,2024AsemconnectVietnam - Many garment companies have reported 10-15% year-on-year increases in exports in the first quarter and receiving enough orders to last until the third.
A spokesperson for Saigon 3 company said that garment exports have improved and the order book is full for until July. "Demand from the U.S. has recovered, and so the company's first quarter revenues were up from the same period in 2023."
Than Duc Viet, CEO of Garco 10, said his company’s revenues rose 15% year-on-year and it has enough orders for until the end of the third quarter.
This year it is expanding its customer base and targets revenues of VND4.5 trillion (US$180.3 million), up 6.6% from 2023, and profits of VND130 billion, a 5.7% increase, he said.
Vietnam targets 44 bln USD of textiles, garments export in 2024
Vietnam's 44 billion U.S. dollars target in textiles and garments export this year is feasible to achieve, Vietnam News Agency cited Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association as saying on Wednesday.
The statement was made based on the fact that many retail corporations from Free Trade Agreement member countries such as Canada, Australia, Europe have come to Vietnam to find supply chains with competitive prices.
He said the recent increase in orders showed that the textile industry has continuously recovered. However, facing potential market risks, businesses need to seek solutions to maintain growth and stabilize jobs for workers.
According to the association, global manufacturers as well as textile and garment supply chains continue to choose Vietnam as a destination for manufacturing and placing orders.
Vietnam earned over 9.53 billion dollars from exporting textiles and garments in the first quarter of this year, up 9.62 percent year on year, according to the association.
The Southeast Asian country ranks third in the world in terms of textiles and garments exports.
SaigonTex & SaigonFabric 2024 expo to get underway in Ho Chi Minh City
More than 1,000 foreign and local exhibitors are expected to attend the Vietnam Saigon Textile & Garment Industry Expo (SaigonTex & SaigonFabric 2024), which will run from April 10 to April 13 in Ho Chi Minh City.
This year's expo brings together exhibitors from 20 countries and territories, including Belgium, China, Germany, Hong Kong (China), India, Italy, Japan, the Republic of Korea, Malaysia, the Netherlands, Pakistan, Portugal. Portugal, Singapore, and Switzerland.
On display at the event will be an array of machinery, equipment, spare parts, textile materials, and fabric products from several of the world’s leading brands.
The highlight of the expo will be a Product Presentation Program (PPP) which combines static displays and catwalk performances.
The occasion will be organised for the first time as a means of introducing a range of fashionable products, applying the latest technology provided from both Vietnamese and international exhibitors.
Furthermore, there will also be a trade exchange hosted by the Vietnam Textile and Apparel Association (VITAS) to strengthen connectivity among exhibitors and buyers.
Within the framework of the exhibition, there are to be a number of seminars held to provide participants with experts’ experiences in policy, the circular economy, and green transition in the garment and textile industry.
Vietnam garment exporters list
1. Thu Thuy Manufacturer - Export Company
17/1G Street 2 (Ma Lo), Binh Hung Hoa Ward, Binh Tan Dist., Ho Chi Minh City, Vietnam
+84 901835126 (Zalo - WeChat - WhatsApp)
CATEGORY: Garment - Export - Companies
BUSINESS TYPE: Manufacturer, Exporter
Thu Thuy Garment has over 10 years in the production & export of Children Clothing for export (OEM, ODM).
✓ Our products include: Boy clothes, girl clothes, baby clothes.
✓ Manufacturing children wear according to the exclusive requirements of customer with diverse sizes and designs.
www.thuthuygarmentsfactory.com
2.TBD VINA Commercial Textile And Garment Exports Company Limited
An Nhan Village, Tan Tien Commune, Hung Ha District, Thai Binh, Viet Nam
+84 929 970 000
CATEGORY: Garment - Export - Companies
BUSINESS TYPE: Manufacturer
MAIN MARKET: Europe, Asia, USA
TBD VINA specializes in processing garment (OEM, ODM): Children’s warm coats, sweatshirts, buffer jackets, feather jackets, etc.
★ Manufacture on a closed procedure
★ Create unique patterns, sewing lines, materials, etc.
★ Offer design and samples on request.
3.Vinh Tai Manufacturing & Trading Company Limited
No 351/7, Le Van Sy Street, Ward 13, District 3, Ho Chi Minh City, Vietnam
Office: 23/114 TTN18, Tan Thoi Nhat Ward, District 12, Ho Chi Minh City, Vietnam
+84 903373811
Hotline: +84 931852499
CATEGORY: Garment - Export - Companies
BUSINESS TYPE: Manufacturer, Trading Company
MAIN MARKET: Southeast Asia, America
Founded in 2004, Vinh Tai Company specializes in comprehensive manufacturing (FOB, OEM, ODM) such various kinds of exported garment products such as tops, shirts, jeans, dresses, jackets, etc.
Our products have been exported and consumed in several EU countries, the USA, Taiwan, Korea, etc. for years.
www.vinhtai.vn
4.Hantex Trade Import - Export Company Limited
1st Floor, CT2A- 2B House, My Dinh II New Urban Area, My Dinh 2 Ward, Nam Tu Liem District, Ha Noi, Vietnam
+84 986 499 116, +84 903 455 153
CATEGORY: Garment - Export - Companies
BUSINESS TYPE: Manufacturer
MAIN MARKET: Vietnam, Japan, Australia, Korea,..
Hantex specializes in manufacturing and exporting garment products:
✓ Labor safety clothes, windbreakers, uniforms, polo T-shirts, jackets, etc.
✓ Production Capacity: 350.000 products/year (80% for exporting and 20% for the domestic market)
✓ Meeting requirements of specification and aesthetics.
www.hantextrading.com.vn
5.Phuoc Son Garment Production Trade and Service Co., Ltd
My Cang Hamlet, Phuoc Son Commune, Tuy Phuoc District, Binh Dinh, Vietnam
+84 256 3830886
CATEGORY: Garment - Export - Companies
BUSINESS TYPE: Manufacturer, Exporter
MAIN MARKET: Europe, Asia, USA, Japan
Phuoc Son Garment A leading OEM in Binh Dinh specializing in manufacturing FASHION CLOTHES & PROTECTIVE CLOTHES that serves completely to Asia, Europe, Japan, Korea, etc.
➽ Production capacity: 100,000 jackets/month, 120,000 trousers/month, 80,000 suits, uniform, industrial protective clothing/month.
T.Huong
Source: Vitic
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