Vietnamese denim manufacturer Viet Hong eyes $25mn revenue in 5 years

03 Jun '21
1 min read
Pic: Viet Hong Textile
Pic: Viet Hong Textile

Founded at an investment of $12 million in 2005, Vietnamese denim fabric manufacturer Viet Hong Textile aims to earn sales revenue of $25 million per year in the next five years, according to Quinn Hang, vice director of the company. The company’s annual turnover dropped to $14.5 million in 2020 from $18.8 million in 2019 due to the pandemic.

The estimated amount of denim being manufactured by local mills in Vietnam amounts to about 75 million metres a year in which Viet Hong produces 15 million metres, Hang said in an interview with Fibre2Fashion.

“Viet Hong Textile is open to expansion not only in terms of our facilities but also for our market reach. Due to the current economic situation brought forth by COVID-19, investment is on hold. But we continue to reach out to our current and prospective customers to win more market share. Physical store is not on our plan at present, but we are exploring the idea of having our own brand soon,” she added.

Click here to read the entire interview.

Fibre2Fashion News Desk (KD)

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