Vietnam's textile and garment exports are expected to fall by 16% in 2020

According to the Vietnamese Ministry of Industry and Trade's survey and statistics on Vietnam's textile industry, as of July 31, 2020, some Vietnamese textile enterprises had not yet received orders for suits and high-end shirts from foreign customers for the second half of the year. Medical masks and protective clothing are currently the main products of Vietnam's textile industry; however, due to the large number of manufacturers supplying these items worldwide, sales prices are gradually declining.
 
According to statistics from the Vietnamese Ministry of Industry and Trade, in the first seven months of 2020, exports of various types of yarn decreased by 20.9% year-on-year; fabrics decreased by 40%; and processed textiles decreased by 12.1%. The Ministry reminds Vietnamese textile enterprises that in the second half of 2020, they will need to strengthen the development of the domestic Vietnamese market and reduce production management costs to compensate for the company's revenue, while maintaining product quality, resetting production lines, and adjusting personnel, in order to overcome the impact of the COVID-19 epidemic.
 
In addition, according to estimates by the Vietnam Textile and Garment Group (Vinatex), textile exports in the second half of 2020 will decrease by 14-18% year-on-year, and the total export value of textiles in 2020 is estimated to be approximately US$32.75 billion, a decrease of 16% compared to 2019.
 
Global Data, a global data analysis company, predicts that the Asia-Pacific region will lose US$95.4 billion in sales in the apparel and footwear industry this year. Global textile industry sales will decrease by US$395.6 billion, a 19.5% decrease from last year, accounting for 29.1% of the total loss of retail industry revenue (US$1.3617 trillion).

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Sri Lanka's garment exports are expected to decline by 40% in 2020.

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China's home textile imports and exports both fell by more than 30%

Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance

Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance

On March 3, Wang Yongqing, Vice President of Xiamen CNOOC Group, visited Tongzhou Group for investigation and guidance. Wei Gangmin, Chairman of our company; Huang Hongyu, President; Li Tao, Vice President; and Zhang Zhiyan, Director of the General Office, met with and participated in a symposium.

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Leaders from Xiamen C&D Group visited Tongzhou for investigation and guidance
Tongzhou Cotton Market Brief, Week 1 of March 2025

Tongzhou Cotton Market Brief, Week 1 of March 2025

1) This week's National People's Congress and the Chinese People's Political Consultative Conference (NPC & CPPCC) in China boosted market expectations for steady growth. In February, the Purchasing Managers' Index (PMI) for manufacturing stood at 50.2%, up 1.1 percentage points from the previous month, indicating a significant improvement in the manufacturing sector.

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Tongzhou Cotton Market Brief, Week 1 of March 2025
In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.

In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.

In 2024, China's dyeing industry saw rapid export growth to ASEAN and RCEP member countries, exceeding the overall export growth rate. However, this growth was accompanied by a decline in prices. From January to December, China's exports of eight major dyeing products to ASEAN totaled 7.908 billion meters, a year-on-year increase of 12.14%, 4.61 percentage points higher than the overall export growth rate, accounting for 23.58% of total exports. The average export price was US\$1.19 per meter, a year-on-year decrease of 2.75%, 0.64 percentage points lower than the overall decline. Exports to RCEP member countries totaled 8.431 billion meters, a year-on-year increase of 11.35%, 3.82 percentage points higher than the overall export growth rate. The average export price was US\$1.17 per meter, a year-on-year decrease of 2.79%, 0.60 percentage points lower than the overall decline.

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In 2024, China's exports of dyed and printed fabrics to Vietnam and Bangladesh increased significantly.
President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

On February 28, Mr. Huang Hongyu, President of our company, was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference and, as a guest speaker at the "Xiangshan Roundtable," shared his views on the cotton market and trading opportunities.

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President Huang Hongyu was invited to attend the 2025 Zhangjiagang Cotton Industry Development Conference

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