Vietnam has become the first choice for many foreign direct investment (FDI) companies due to its unique geographical location, abundant labor resources and competitive labor costs. With the continuous development of Vietnam's economy, Vietnam's knitted underwear industry is also growing. According to the publisher's analysis, the Vietnamese government is also actively promoting the development of the textile and garment industry and increasing investment support for the textile and garment industry. As a result, the production capacity, output and export volume of knitted underwear in Vietnam are constantly increasing.
According to the publisher's data, the total export value of Vietnam's knitted underwear reached US$1.337 billion in 2023, and the export value of Vietnam's knitted underwear from January to November 2024 was close to US$1.314 billion, an increase of 7.38% over the same period.
According to the publisher's analysis, the main export destinations of Vietnamese knitted underwear include the United States, Hong Kong and South Korea. From 2021 to 2024, the main export destinations of Vietnamese knitted underwear are the United States, Hong Kong, China and South Korea. The main companies importing knitted underwear to Vietnam include HANESBRANDS APPAREL (HONG KONG), MAKALOT INDUSTRIAL CO LTD, REGINA MIRACLE INTERNATIONAL and other companies.
According to the publisher's analysis, most of the exporters of knitted underwear in Vietnam are foreign-funded enterprises, and there are also some local Vietnamese companies. The main exporters of knitted underwear in Vietnam include HANESBRANDS VIỆT NAM, CÔNG TY TNHH PREMIUM FASHION VIỆT NAM, NOW VINA CO LTD and other companies.
Overall, Vietnam has become one of the world's major textile producers and exporters with its low labor costs and favorable trade environment and policies. As an important part of Vietnam's textile and garment industry, knitted underwear occupies a very important position in the international export market. The publisher predicts that with the advancement of production technology, the use of environmentally friendly materials and cooperation with international brands, Vietnam's knitted underwear exports are expected to continue to rise in the next few years.
The publisher recommends that companies related to the clothing industry chain should conduct research on the Vietnamese market as soon as possible to prepare for a better layout in the Vietnamese and Southeast Asian markets.
Topics covered:
- The Import and Export of Knitted Underwear in Vietnam (2021-2024)
- Total Export Volume and Percentage Change of Knitted Underwear in Vietnam (2021-2024)
- Total Export Value and Percentage Change of Knitted Underwear in Vietnam (2021-2024)
- Total Export Volume and Percentage Change of Knitted Underwear in Vietnam (January-November 2024)
- Total Export Value and Percentage Change of Knitted Underwear in Vietnam (January-November 2024)
- Average Export Price of Knitted Underwear in Vietnam (2021-2024)
- Top 10 Export Destinations and Supply Volume of Vietnam’s Knitted Underwear Export Market
- Top 10 Suppliers in the Export Market of Knitted Underwear in Vietnam and Their Supply Volume
- Top 10 Buyers of Knitted Underwear in Vietnam and Their Import Volumes
- How to Find International Distributors and International End Users of Knitted Underwear Exports in Vietnam
- How Foreign Enterprises Enter the Knitted Underwear Market of Vietnam
- Forecast for the Export of Knitted Underwear in Vietnam (2025-2034)
Table of Contents
Companies Mentioned
- Hanesbrands Apparel (Hong Kong)
- Makalot Industrial Co Ltd.
- Regina Miracle International
- Hanesbrands Việt Nam
- Công Ty Tnhh Premium Fashion Việt Nam
- Now Vina Co Ltd
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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