Vietnam Textile and Apparel Association VITAS said that many manufacturers had placed orders before the end of April, with sportswear accounting for the bulk.
Global demand for personal protective equipment and supplies (PPE) has increased with the global outbreak of the new crown epidemic, but now it has lost focus due to the emergence of the new crown vaccine. During the COVID-19 pandemic, Vietnamese textile group Vinastex, which continues to produce protective equipment, said that the group is actively using existing resources to develop new uses.
Similar situations do not only occur in one company. Vietnam’s TCG Textile Group also focused on exporting PPE during the COVID-19 epidemic, becoming one of Vietnam’s most successful companies in 2020. Recently, it stopped accepting PPE orders and focused on products such as T-shirts and sportswear.
In the past 5 years, the sportswear market has a compound annual growth rate of 6.5%, which is 1.5 times the industry average. It is expected that the global value will reach 4790 by 2025 One hundred million U.S. dollars. </p
