Tainan Spinning Co., Ltd. (Vietnam) . (Vietnam)

The subject - TAINAN SPINNING CO., LTD. (VIETNAM). is a wholly - owned subsidiary of TAINAN SPINNING CO., LTD.; - a Taiwan - based company principally engages in manufacturing, processing, and trading textile products. This company operates businesses in China, Vietnam, South Korea, Japan, South Africa, America and other countries. The stock of this company “1440” is listed on Taiwan Stock Exchange.In Vietnam, TAINAN SPINNING CO., LTD. (VIETNAM). specializes in manufacturing, processing, and trading types of textile fibers and fabrics. It has two factories in No. 9, Road 17A, Bien Hoa II Industrial Park & No. 3, Road 4A, Bien Hoa II Industrial Park and a warehouse at Nhon Trach II Industrial Park. The location of warehouse is also the factory of the subject's subsidiary.By the end of September 2023, Vietnam's textile and garment exports reached USD 29.7 billion, down by 14% compared to the same period in 2022. Currently, the USA is still the largest market, accounting for over 40% of the market share of the textile and garment industry, followed by Japan, EU, South Korea, China... In general, the above markets all recorded a decrease in export turnover due to weak demand. The market trend in the 4th quarter of 2023 had positive changes when the FED did not raise interest rates in September but delayed it to the end of this year. The USA and Chinese markets recovered well, EU inflation in September decreased by 4.3% and in September 2023 Vietnam's export turnover of goods increased by 4.6% compared to the same period in 2022. This is the good signs for the last months of the year and 2024.