Vietnam’s T&G sector – Yarn exports are showing signs of revival, while textile exports are not out of the woods yet
- In the first six months of 2023, Vietnam's textile and garment export turnover was 15.7 bn USD (-17.4% YoY), mostly due to declining export market consumption and brands’ destocking cycle as well as caution when placing new orders.
- While textile & garment are not out of the woods yet, fiber & yarn are showing signs of improvement, with 17% & 18% YoY volume growth in May and June, respectively. This recovery theme aligns with our expectation that since mid-2Q23, textile customers are gradually placing more new orders for season 1H24.
- Per our Q2/2023 results estimates, almost of the T&G companies in our coverage list have core business results that improve QoQ while still recording negative YoY growth.
Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.
RongViet Research reports are diversified and abundant, along with in-depth analysis and performed by experienced, highly-qualified and knowledgeable teams. With the objectives of transparency, accurate and timely manner, RongViet believes that our products would always be important sources of information for customers/investors’ investment decisions.”
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.