Vietnam "People's News" reported on May 17 that due to the significant recovery of the major markets, compared with 2020, the textile and garment industry was evaluated as the former miles, which increased business income and profit injection power.
Since 2021, the Vietnamese Textile and Clothing Association (Vitas) president, Wugandong believes that due to the market demand and the impact of new crown vaccination in various countries, 2021 Vietnamese textile and garment industry will actively recover. The amount of textile garment exports in the past four months ago increased by 9% to $ 9.51 billion.
Export rebound has a huge impact on the business income and profits of textile and apparel companies. For example, TNG Investment and Trade Co., Ltd. has an operating income of 1.272 trillion, from 1.272 trillion, from 2021, an increase of 32% year-on-year. The company's representative said that the order has been ranked in August 2021. According to the plan, TNG proposes that 2021 years of business revenue reached 4.798 trillion shield, and the profit after tax profit is 175 billion, which increased by 7% and 15% respectively from 2020.
Century Yarn Company has a net income of 567 billion shields in the first quarter of 2021. Although the income is 5.1% slightly, since the yarn price increases by 20% by the end of 2020, the net income of the century yarn company reached 2.48 billion, an increase of 35%. With this result, Century Yarn Company proposed that this year's operating income reached 2.358 trillion shield, an increase of 34% over 2020.
Success Trading Investment Textile and Apparel Company also proposed that 2021 years of income reached 4.218 trillion shield, an increase of 20%; post-tax profit of 290 billion shields, an increase of 5% over 2020.
Affected by the prevalence of newzigni pneumonia, the operation of the garment shares (VGG) has changed significantly in the first quarter of 2021, and the net camp has reached 1.453 trillion shield, slightly 1.4%, tax After the profit reached 52 billion, the price of the price of the price of the profit after the first quarter of 2020 was significantly improved. According to the assessment of Fuxing Securities Co.,, the operational income of the Friendship Corporation in 2021 is 7.757 trillion cross-shield, an increase of 8.9%, and the tax profit is 187 billion shields, an increase of 24.1% over 2020.
The goal of all companies put forward business income and profit is because they believe that the market will recover, in addition, "Cross the Pacific Partnership Agreement", "Vietnam - EU Free Trade Agreement", "Regional Comprehensive Economic Partnership Agreement" Waiting for the free trade agreement is also a boost. Therefore, each textile apparel company has developed a strategy for the production of accessories to meet the commitments of the above self-trade agreement.
Specifically, Deng Zhao, general manager of Century Yarn Company, said that in the short term, the company will focus on the development of regenerative yarns, and will produce high quality and high value-added original products. For a long time, the company will enhance capacity through synthetic fiber production plants. This is a total of 60,000 tons of total production capacity, focusing on renewable yarns, high quality yarns and special yarns. The total investment of the project is about $ 120 million. It is expected that in 2023, the project was put into operation in the first phase, and the second phase started. 2025 completed the second phase of the project.
Like the Century Yarn Company, the Friendship Corporation recently plans to establish a total investment of 20 million US dollars in Vietnamese Science and Technology Project to invest production fabric through the establishment of Yue Thai Technology Liability Co., Ltd.. The project helps the imported garment header to meet the rules of origin of future self-trade agreements. In 2020, it is more than 13% of the total number of business income in the garment shares from the EU. Therefore, when the company meets the rules of the "Vietnamese-EU Free Trade Agreement", the company is expected to export to the EU many. Bes, since the "regional comprehensive economic partnership agreement" does not require cloth raw materials to be produced in Vietnam or region, as long as the tailoring works in Vietnam, you can enjoy tax benefits for Japanese exports. Due to the 27% of the total income of Yuejin Garment Co., Ltd., in the future, the "Regional Comprehensive Economic Partnership Agreement" will be injecting the power of daily exit.
Securities companies believe that with the above growth, stocks in textile and apparel industries are expected to increase this year. Specifically, Century Yarn's stock is expected to grow by 25%; the more it will increase by 21%.
In 2021, the Vietnamese textil
