SVT JSC is a textile company with major products of knitted and woven fabrics. 95% of the subject's finished products are exported abroad, primarily to Hong Kong, China, Japan, Bangladesh, Sri Lanka... Since mid-2022, the ratio of import materials from foreign countries was decreased due to the US-China Trade War, the subject's chief accountant said. Accordingly, only about 30% of input materials are imported from China and India now.The chief accountant revealed that due to the economic crisis, number of orders go down in 2023. The company's labor force also drops to 2,000 people now. For the ten first months of 2023, the company generated total sales of USD 144 million (equivalent to nearly VND 3.5 trillion), which was lower than in the same period of last year.
Headquarters
Bao Minh Industrial Park, Lien Minh Commune
Nam Dinh; Red River Delta;
Postal Code: 07000
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