HANOI (Vietnam News/Asia News Network): Many parents in Hanoi have decided to allow their children to be vaccinated against Covid-19 before the new school year starts in September.
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Founded at an investment of $12 million in 2005, Vietnamese denim fabric manufacturer Viet Hong Textile aims to earn sales revenue of $25 million per year in the next five.
In next 5 years, we plan to touch 25 mn/year revenue Founded with an investment of 12 million USD in 2005, Viet Hong Textile is a major denim fabric manufacturer in Vietnam today. In an interview with
Fibre2Fashion,
Quinn Hang, Vice Director of Viet Hong, discusses the strengths of the Vietnamese denim market, the government policies which are leveraging the textile industry at large and how Viet Hong managed to stay afloat even during the pandemic. How big is the market for denim fabric in Vietnam? What percentage is exported annually?
In 2020, the total export value of Vietnam amounted to Free On Board (FOB) US $29,810B (garment and textile), in which around US $1.875 billion was generated from locally manufactured denim fabric.