Winnitex Vietnam Textile Limited (Vietnam)

Established in 2016 in Quang Ninh Province, the subject specializes in manufacturing and dyeing woven fabrics, which are exported to China (mainly), Bangladesh, Cambodia, India, and Malaysia. The subject currently imports chemicals from China. In 2021, despite the outbreak of the pandemic, the subject's net sales suddenly climbed by 76% thanks to many previous orders. However, in 2022, the subject had to face many difficulties such as economic recession, and rising inflation causing a decrease in order volume and high costs. Therefore, the revenue was not as good as the previous year, shared by the chief accountant. Regrettably, she refused to support us with the financial data for 2022, which is also not available in our source now.