Saitex International Dong Nai (Vn) Co., Ltd. (Vietnam)

The subject specializes in manufacturing denim products of all types such as jeans, shorts, jackets, skirts, dresses, and jumpsuits for some brands such as Calvin Klein Jeans, Edwin, Everlane, Gcrew, G-Star Raw, Madewell, Outerknown, Tommy – Hilfiger and so on. It imports materials mainly from Hong Kong, America, Turkey, Pakistan, some EU countries.  All finished products are exported to EU countries and the USA for consumption. The subject is one member of Saitex Group. Besides the subject, Saitex invested another company in Vietnam named Saitex Fabrics Viet Nam Company Limited. This company focuses on manufacturing fabrics with major product of denim fabric.Vietnam Textile and Apparel Association (Vitas) statistics show that Vietnam's total textile and garment export turnover in the first 6 months of 2023 is estimated at USD 18.6 billion, down 18% over the same period in 2022. Chairman of Vitas said that in the coming time, the textile and garment industry will continue to face pressures and requirements from importing countries, especially greening standards and technical barriers related to recycled products. It is forecasted that in the remaining months of 2023, the textile and fashion market will still face many difficulties. The total world textile and garment demand is forecasted to reach about USD 700 billion, down 8% compared to 2022, lower than the whole year of 2020 when the Covid-19 epidemic occurred.