Challenges of Listed Textile and Garment Industry Enterprises in Vinh Nam Seen from Characteristics of Product Export and Business Operation

The textile industry is one of the key manufacturing sectors of the Vietnamese economy. However, in 2022 total textile and garment demand will decrease by 6% over the same period; Cotton and yarn markets fluctuated strongly, garment product structure changed, orders were few, processing prices decreased. Textile and garment enterprises grew well in the first half of the year, but faced many difficulties in the first half of the year. Last month of the year. In the last 6 months of 2022, the main markets of Vietnam's textile and garment industry are experiencing inflation, purchasing power has decreased sharply. By the fourth quarter, orders have decreased by up to 30%, with some businesses reducing up to 70% of orders in this market. European school. Garment orders decreased due to reduced world demand, especially in the two main markets of Vietnam's textiles and garments, the US and EU, prices decreased by about 30%.

All of these issues cause significant challenges and are affected by the characteristics of production and business activities of listed textile and garment enterprises. The article will analyze in depth these challenges of listed textile and garment enterprises.