The Vietnam Textile and Garment Group (Vinatex) recently held a workshop to establish response scenarios to the recent U.S. tax announcement. After the tax was temporarily postponed, customers pushed for faster production schedules. Vinatex enterprises are negotiating with customers and seeking new supplies to optimize production. Chairman Le Tien Truong emphasized that the textile industry has faced many challenges and is optimistic about negotiating tax reductions with the U.S. In the first quarter, revenue reached about 4.417 trillion VND, with a profit of 271 billion VND. While orders extend until the end of Q2, the yarn market is currently seeing a significant decline in both price and demand, leading companies to adjust plans to mitigate the impact of U.S. taxes.
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