Elite Apparatech Limited Liability Company (Vietnam)

The subject engages in processing sport clothing. According to media search, its main markets are Vietnam, Asia, Europe, and America. The subject is a member of the Nam Yang Textile Group. The group's customers are Bakley, Reebok, Dunlop, Lafuma, Hakro, Redwoods, Tee Culture and so on. Its parent company has 14 affiliated companies, with a total workforce of over 16,000 people across multiple sites in South East Asia, Hong Kong and the USA.Regarding the current situation of Vietnam's textile and garment industry, at the conference "Summary of Vietnam Textile and Apparel Association 2023", Mr. Vu Duc Giang, Chairman of Vietnam Textile and Apparel Association (Vitas), said that the textile and garment industry basically have had certain success, with export turnover reaching USD 40.3 billion in 2023. With lessons learned in 2023, by 2024 Vietnam's textile and garment industry strives to achieve an export turnover of USD 44 billion. However, the challenge for textiles and garments in 2024 is still huge when major importers all have more stringent sustainable and environmentally friendly mechanisms. On the other hand, world economic growth in the next 2 years depends on many factors, of which the focus is the conflict in the Middle East and the inflation control policies of some countries. Therefore, textile and garment enterprises need to have the necessary policies to adapt to new requirements.