Many businesses have restricted their core operations to move into new areas such as property, services and securities.
Vinatex has shifted the focus of investments to property and securities, and industrial production. Its core clothing enterprises now accounts for only 60 percent of the group’s total turnover, said its Chairman Le Quoc An.
Meanwhile, the Saigon Garment Trading and Production Joint Stock Company has forecast that half of its turnover this year will come from property (VND15 billion).
Statistics from the Vietnam Textile and Apparel Association show that property is the most promising source of revenue for many clothing companies.
Many firms admit that the textile and garment sector is no longer as attractive due to increasing production costs and an insufficient qualified workforce.
Vinatex has shifted the focus of investments to property and securities, and industrial production. Its core clothing enterprises now accounts for only 60 percent of the group’s total turnover, said its Chairman Le Quoc An.
Meanwhile, the Saigon Garment Trading and Production Joint Stock Company has forecast that half of its turnover this year will come from property (VND15 billion).
Statistics from the Vietnam Textile and Apparel Association show that property is the most promising source of revenue for many clothing companies.
Many firms admit that the textile and garment sector is no longer as attractive due to increasing production costs and an insufficient qualified workforce.
