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Textile industry faces headwinds in 2023 after poor results in Q4
Production at the Logitex Co. Ltd in Vu Ninh IP, the northern province of Thai Binh. VNA Photo: Thế Duyệt
Production at the Logitex Co. Ltd in Vu Ninh IP, the northern province of Thai Binh. VNA Photo: Thế Duyệt
Production at the Logitex Co. Ltd in Vu Ninh IP, the northern province of Thai Binh. VNA Photo: Thế Duyệt
Production at the Logitex Co. Ltd in Vu Ninh IP, the northern province of Thai Binh. VNA Photo: Thế Duyệt
VNA Photos
Textile industry faces headwinds in 2023 after poor results in Q4
02/10/2023 09:45
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TTXVN
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The profits of Vietnamese textile and garment enterprises were diverse in the fourth quarter, with many big names posting great losses. After being heavily impacted by the COVID-19 pandemic, textile and garment enterprises have gradually recovered and were one of the key export industries that recorded extraordinary growth rates in the first and second quarters of 2022. The sharp decline in orders since September was attributed to a reversal of the trend, causing the industry's export value to fall to 2022's lowest level in the last quarter. In a recent report, KIS Securities said that 2023 would be a challenging year for the textile industry due to the low demand for apparel products. According to the Vietnam Textile and Apparel Association (VITAS), pre-orders for the first quarter of 2023 fell by 25-27% year-on-year, signalling a difficult year ahead. VNA Photo: Thế Duyệt
Textile industry faces headwinds in 2023 after poor results in Q4
The profits of Vietnamese textile and garment enterprises were diverse in the fourth quarter, with many big names posting great losses. After being heavily impacted by the COVID-19 pandemic, textile and garment enterprises have gradually recovered and were one of the key export industries that recorded extraordinary growth rates in the first and second quarters of 2022. The sharp decline in orders since September was attributed to a reversal of the trend, causing the industry's export value to fall to 2022's lowest level in the last quarter. In a recent report, KIS Securities said that 2023 would be a challenging year for the textile industry due to the low demand for apparel products. According to the Vietnam Textile and Apparel Association (VITAS), pre-orders for the first quarter of 2023 fell by 25-27% year-on-year, signalling a difficult year ahead. VNA Photo: Thế Duyệt
Textile industry faces headwinds in 2023 after poor results in Q4
The profits of Vietnamese textile and garment enterprises were diverse in the fourth quarter, with many big names posting great losses. After being heavily impacted by the COVID-19 pandemic, textile and garment enterprises have gradually recovered and were one of the key export industries that recorded extraordinary growth rates in the first and second quarters of 2022. The sharp decline in orders since September was attributed to a reversal of the trend, causing the industry's export value to fall to 2022's lowest level in the last quarter. In a recent report, KIS Securities said that 2023 would be a challenging year for the textile industry due to the low demand for apparel products. According to the Vietnam Textile and Apparel Association (VITAS), pre-orders for the first quarter of 2023 fell by 25-27% year-on-year, signalling a difficult year ahead. VNA Photo: Thế Duyệt
Textile industry faces headwinds in 2023 after poor results in Q4
The profits of Vietnamese textile and garment enterprises were diverse in the fourth quarter, with many big names posting great losses. After being heavily impacted by the COVID-19 pandemic, textile and garment enterprises have gradually recovered and were one of the key export industries that recorded extraordinary growth rates in the first and second quarters of 2022. The sharp decline in orders since September was attributed to a reversal of the trend, causing the industry's export value to fall to 2022's lowest level in the last quarter. In a recent report, KIS Securities said that 2023 would be a challenging year for the textile industry due to the low demand for apparel products. According to the Vietnam Textile and Apparel Association (VITAS), pre-orders for the first quarter of 2023 fell by 25-27% year-on-year, signalling a difficult year ahead. VNA Photo: Thế Duyệt
Textile industry faces headwinds in 2023 after poor results in Q4
The profits of Vietnamese textile and garment enterprises were diverse in the fourth quarter, with many big names posting great losses. After being heavily impacted by the COVID-19 pandemic, textile and garment enterprises have gradually recovered and were one of the key export industries that recorded extraordinary growth rates in the first and second quarters of 2022. The sharp decline in orders since September was attributed to a reversal of the trend, causing the industry's export value to fall to 2022's lowest level in the last quarter. In a recent report, KIS Securities said that 2023 would be a challenging year for the textile industry due to the low demand for apparel products. According to the Vietnam Textile and Apparel Association (VITAS), pre-orders for the first quarter of 2023 fell by 25-27% year-on-year, signalling a difficult year ahead. VNA Photo: Thế Duyệt
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