COATS PHONG PHU LIMITED LIABILITY COMPANY

The subject engages in producing sewing threads for apparel, footwear, and accessories manufacturers. Yarn samples, dyes, synthetic fibers... are imported from many countries to serve production. After many years of operation, the company's products were served for more than 1,000 customers in Vietnam and Cambodia. Until now, the company has 2 large-scale production factories. Among them, the factory located in Ho Chi Minh City was built in 1989 and another factory is located in Hung Yen province, built in 2006. The total dyeing capacity of the entire factory has reached more than 1 million kilometers of sewing threads every day. In addition, the company also owns large-scale warehouses stretching from North to South.

According to a report from the Vietnam Textile and Apparel Association (VITAS), if in 2022, export turnover reached USD 44.4 billion, an increase of nearly 10% compared to 2021, then by 2023, the textile and garment industry must face with many challenges due to the impact of the world and domestic economic situation, including inflation in key markets such as the USA and EU, causing purchasing power to decrease, orders to decline, and interest rates to increase and exchange rate differences,... However, Vietnam's textile and garment industry in general continues its recovery trend, with the decline in export value narrowing in the second half of 2023, looking forward to a 2024 with hope of recovery. Exports in 2023 are estimated to reach about USD 40.3 billion, the expected target for the entire industry's export turnover in 2024 is USD 44 billion, an increase of 9.2% compared to 2023. However, the highlight of this industry in 2023 is the market breakthrough. In addition to traditional markets, Vietnam has exported a significant amount of textiles and garments to Canada, China, England, Australia, Russia, Thailand, India... In 2024, the textile market has shown many signs of improvement. According to data from the General Statistics Office, in the first two months of this year, the textile and garment industry group reached USD 5.2 billion in exports, up by 15% over the same period last year, ranking 4th in the group of products with the highest turnover.