Continental Textile Co., Ltd (Vietnam)

The subject is wholly invested by Libra International Investment Pte. Ltd. The subject has a closed production chain from spinning, dyeing, weaving, and finishing products with an annual output of 50-60 million meters of fabric per year. Besides the domestic market, the company also exports products to Indonesia, Hong Kong, China, South Korea, Bangladesh, India, etc. for consumption.At the end of 2021, due to the impact of the Covid-19 pandemic, although the subject had a lot of orders, there was a shortage of workers. The company continuously announced the recruitment of unskilled workers in large numbers. However, although the company created favorable conditions, it was still very difficult to recruit.In 2022, the global economic recession started to have a profound impact on the textile & garment supply chain, especially in the final months. Although the company recorded good growth in net sales in that year, the impact of unfavorable market conditions is forecasted to continue in the long term. According to press information, the company also faced difficulties in production and business but the company still ensured welfare regimes and did not cut down the labor force in 2022.In the latest investigation, the subject is still operating with a slight increase in labor force to 3,500 employees. The future business orientation is to promote circular economy, digital transformation, and sustainable development.