Xdd Textile Company Limited (Vietnam)

The subject specializes in spinning cotton yarn, denim yarn and weaving denim fabric (mainly for export). With SUPIMA, BCI, OEKO-TEX, GOTS, GRS, and USCTP certifications, the company produces a broad range of compact combed yarn/ siro-compact combed yarn from 16/1 to 100/1, Carded yarn, OE yarn, Lenzing Modal, Lenzing Tencel with using organic cotton.In 2023, the global economic downturn had a profound impact on many industries. Many companies operating in the textile and garment industry of Vietnam struggled to look for orders until the third quarter of 2023. Although the market records some positive signals for its recovery (such as the FED's interest rate hike being postponed, the inflation being controlled in EU market and the purchasing power in USA and China markets being recovered), the new conflict between Hamas and Israel is forecasted to disturb macroeconomic factors. This greatly affects the prospect of the recovery of the world economy by the end of 2023.