Vietnam's garment companies invest in face mask production

17 Apr '20

2 min read

Pic: Shutterstock

Several Vietnamese garment manufacturers hit hard by the COVID-19 pandemic have invested in making face masks as a solution to cope with the crisis and take advantage of the opportunities arising out of supply shortage. Some have received export orders worth millions of dollars, a positive sign for the garment industry, which is under huge pressure.

Garment 10 Corporation Joint Stock Company recently said that it received an export order for 400 million medical face masks worth $52 million, together with orders for 20 million cloth masks from a US partner and two million cloth masks and six million medical face masks from a German partner.

TNG Investment and Trading Joint Stock Company also shipped millions of anti-bacterial cloth masks to the European Union last month. TNG has also invested in producing medical face masks and is expecting production to begin from May, according to a report by a Vietnamese news agency. Anti-bacterial cloth masks helped TNG’s sales in the domestic market in the first quarter of this year increase by 10 per cent against the same period last year.

According to the country’s ministry of industry and trade, 50 domestic producers that reported to the ministry alone had a total production capacity of eight million face masks per day. The ministry said that Vietnam’s face mask production capacity could rise much further.

Besides, some companies like Nam Enh Silk Textile Joint Stock Company are capable of manufacturing anti-bacterial cloth.

Firms needed to give careful consideration when investing in face mask production as a long-term or large-scale investment because demand for masks could drop when the pandemic gets over, according to a government official.

Fibre2Fashion News Desk (DS)

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