Vietnam's "Customs Online" reported on September 14 that the Ministry of Industry and Trade of Vietnam stated that some textile and garment enterprises have begun to resume growth in sales and profits. Among them, the domestic market is an important support for its growth.
TNG Investment and Trade Joint Stock Company stated that in August this year, the company's sales reached 613 billion VND, an increase of 1.5% month-on-month and 11% year-on-year. In the first eight months, the company’s sales amounted to 3.058 trillion VND, equivalent to 97% of the same period last year. Among them, the domestic market revenue alone was nearly 200 billion VND, an increase of 42% year-on-year. August is the company's second consecutive month of year-on-year sales growth. Previously, sales in July this year increased by more than 6% year-on-year.
The main products that contribute to revenue are jackets, traditional overalls, medical masks and protective clothing for domestic sales and export. In the future, the company will also produce, sell domestically and export firefighting and chemical protective clothing.
Data from the Ministry of Industry and Trade show that in August this year, textile production increased by 3.1% month-on-month and 4.9% year-on-year. In the first eight months of this year, textiles increased by 1.3% year-on-year. At the same time, clothing output in August this year increased by 4.9% month-on-month and 4.4% year-on-year. In the first eight months, the commodity fell 4.2% year-on-year.