Update: May, 11/2021 - 08:05 |
Garment products are made at TNG Investment and Trading JSC in Thái Nguyên Province. Shares of TNG have slumped 13 per cent compared to the beginning of April. VNA/VNS Photo Hoàng Nguyên
HÀ NỘI Despite a positive recovery in the first quarter of this year, textile company stocks continued to decrease.
Even though positive earnings and good export results were recorded, major stocks in the textile and garment industry lost ground.
Shares of Thành Công Textile Garment Investment Trading Joint Stock Company (TCM) dropped 12 per cent compared to the beginning of April, trading at around VNĐ117,000 (US$5.11) per unit.
Update: April, 12/2021 - 17:49 | A garment and textile production line at Vinatex. The local garment and textile businesses have found a suitable direction despite the COVID-19 pandemic. Photo vinatex.com.vn HÀ NỘI The country’s garment and textile exports have seen recovery with turnover of US$7.2 billion in the first quarter of the year, slightly increasing 1.1 per cent from the same period last year, according to the Ministry of Industry and Trade (MoIT). Although this was not a big increase, the result demonstrates positive signs for the sector. The local garment and textile businesses have found a suitable direction despite the impact of the COVID-19 pandemic. The global textile, garment and footwear market has gradually become active again as many countries have provided COVID-19 vaccines to people, contributing to promote consumption demand.