The subject is a part of VIET THANG CORPORATION being a member of Vietnam National Textile And Garment Group (Vinatex). The subject specializes in manufacturing fibers. The import markets are Australia, Hong Kong, China, etc. Its products are mainly consumed in domestic market.In 2023, textile & garment businesses had to struggle with pressure on prices, costs, short delivery times and job security for workers. They were also affected by competition in domestic/foreign markets, meanwhile, policy mechanisms could not keep up with the trend.Market demand for textile & garment products in 2024 is expected to improve compared to 2023, as the economic situation in Vietnam's major textile import markets is showing signs of recovery. Lending interest rates in Vietnam have currently decreased significantly, helping to reduce the pressure on interest costs on businesses. Besides the positive factors, there are still many difficulties and challenges in the Green transformation of Vietnam's textile & garment industry when major markets such as the EU tighten environmental protection standards with the Border Carbon Adjustment Mechanism (CBAM), Corporate Sustainability Due Diligence Directive (CSDDD), etc.
Headquarters
No. 127, Le Van Chi Street, Linh Trung Ward
Ho Chi Minh municipality; South Eastern Vietnam;
Postal Code: 70000-74000
Contact Details: Purchase the Viet Phu Textile Company Limited report to view the information.
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