Jifa Thanh An (Vietnam) Knitting Company Limited (Vietnam)

Founded in late 2015, the subject officially started commercial operation in 2018, getting involved in manufacturing and processing knitted and crocheted fabrics. The designed capacity of its project is 12,000 tons per year (equivalent to 86,000,000 square meters of fabric per year). It seems to focus on knitted fabric products currently. Its products are both exported overseas, and on-spot exported to garment manufacturers.According to the Vietnam Textile and Apparel Association (Vitas), textile and garment export turnover in 2023 is estimated to reach USD 40.3 billion, down 9.2% compared to 2022 in which fabric exports are estimated to decrease by USD 3.1 billion, equivalent to 8.9%. Analyzing the specific causes, Mr. Vu Duc Giang - Chairman of the Vietnam Textile and Apparel Association, said that due to many reasons such as the epidemic, the Russia-Ukraine war, the Fed's interest rate increase, inflation, and global purchasing power reduction. In particular, the amount of global inventory is also a huge challenge.According to the subject's chief accountant, the subject's business in 2023 also faced certain difficulties in a general context. Anyway, revenue in 2023 might still have a slight increase and the subject still generated profit. However, the detail number is refused to provide.