Vietnam's textile and garment exports hit a record high in 2022

In 2022, Vietnam's total export value of textiles, garments, and footwear reached US\$71 billion, a record high. Of this, textile and garment exports reached US\$44 billion, an increase of 8.8% year-on-year; while footwear and handbag exports reached US\$27 billion, a 30% year-on-year increase.
Representatives from the Vietnam Textile and Apparel Association (VITAS) and the Vietnam Leather, Footwear and Handbag Association (LEFASO) stated that Vietnamese textile, garment, and footwear businesses faced immense pressure from the global economic downturn and global inflation. Decreased market demand for textiles, garments, and footwear made 2022 a challenging year for the industry. The second half of the year, in particular, saw economic difficulties and inflation impacting global purchasing power, leading to decreased orders for businesses. However, the textile, garment, and footwear industry still achieved double-digit growth.
VITAS and LEFASO representatives also stated that Vietnam's textile, garment, and footwear industry holds a significant position in the global market. Despite the global economic downturn and reduced orders, Vietnam continues to earn the trust of international importers.
The production, operation, and export targets for these two industries were achieved in 2022, but this does not guarantee continued growth in 2023, as many objective factors have negatively impacted the industry's development.
In 2023, Vietnam's textile and garment industry aims for total exports of US\$46-47 billion, while the footwear industry strives for exports of US\$27-28 billion.

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In the first quarter of 2023, China's clothing exports faced considerable downward pressure.

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China's clothing exports increased month-on-month in December 2022

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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