The value of textile and garment shares in Vietnam has declined due to the investors’ pessimism about the epidemic in the country and the world. Textile and garment companies in the country have suffered from the interruption of input material supply from China, and most recently, they have been informed that partners from the EU and US have stopped importing products.

Vietnamese textile and garment enterprises need input materials from China to maintain production. Vietnam imported $11.5 billion worth of textile and garment materials from China in 2019, according to the general Department of Customs (GDC).

A lot of textile and garment companies in the country have shifted to make face masks, which has allowed them to survive the current difficulties. Vinatex’s face mask output is 28-30 million a month and will be 50 million face masks a month, if necessary.

TNG Investment and Trade also reported revenue of VND288.6 billion in February, an increase of 65 percent over the same period last year. The sharp increase is attributed to the big orders for face masks.