Vietnam is getting to be one of the most important countries when it comes to exports of denim. A number of large manufacturing units have been developed which are working for large retailers and brands. The FTA with the EU has further strengthened exports from the nation. However, the US continues to be the dominant region where exports are happening from Vietnam. In this report, we have done a detailed analysis of the imports of denim jeans from Vietnam into the US in 2021. The detailed report shows the imports by the US over this period.
| PARTICULARS |
| Table showing top 15 US denim buyers from Vietnam in one year |
| Graphs showing total jeans imported by Top 15 US buyers from Vietnam over 12 months |
| Table showing the top 15 suppliers to the US from Vietnam |
| Graphs showing the top 15 suppliers to the US from Vietnam |
| Table showing the top three buyers of top ten suppliers |
1.TOP 15 US DENIM BUYERS FROM VIETNAM
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The table shows that AEO bought the largest quantity which is 4.2 million pcs with an avg. price of 11.8 USD/piece and has approx. 11% of the total share, followed by GAP INC with approx. 4.1 million pcs and the avg. price of 10 USD/ piece in a year (from 1st Jan 2021- 31st December 2021) Total Percentage share of these 15 companies holds 71% of total jeans quantity imported into the US from Vietnam.
| BUYER | QTY(in million) | %SHARE | AVG. PRICE(USD/pc) | No. Of Suppliers |
| AEO – AMERICAN EAGLE | 4.21 | 11 | 11.8 | 7 |
| OLD NAVY / GAP | 4.1 | 10 | 10 | 10 |
| TARGET GLOBAL SOURCING LIMITED | 3.28 | 8 | 9.7 | 3 |
| AMBIANCE APPAREL | 2.01 | 5 | 5 | 1 |
| ABERCROMBIE & FITCH | 1.82 | 5 | 9 | 3 |
| MGF SOURCING FAR EAST, LIMITED | 1.75 | 4 | 12.1 | 3 |
| FASHION NOVA | 1.62 | 4 | 5.2 | 2 |
| EXPRESS / MGF SOURCING | 1.38 | 4 | 10.5 | 3 |
| LEVI STRAUSS | 1.29 | 3 | 10.3 | 2 |
| TORRID MERCHANDISING, INC | 1.29 | 3 | 13.2 | 1 |
| SHINSUN INVESTMENT HOLDING LTD | 1.07 | 3 | 8.1 | 1 |
| HIDDEN JEANS / CELLO JEANS | 1.06 | 3 | 5.7 | 2 |
| KANCAN WH | 1.05 | 3 | 7.5 | 3 |
| Y.H.TEXPERT CORPORATION | 1.01 | 3 | 3.9 | 3 |
| QUETICO LLC | 0.96 | 2 | 6.9 | 2 |
| TOTAL | 27.9 | 71 | – | 46 |
29% share is the total of other small companies apart from these 15 companies
2. TOP 15 DENIM SUPPLIERS TO US FROM VIETNAM
PHONG PHU INTERNATIONAL JSC supplied the largest quantity of pieces that is approx. 9.9 million pieces with an avg. price of 11.6 USD/pc and the total number of buyers the company has dealt with are 31 followed by YDVL – YI DA VIETNAM LIMITED which is a part of the CRYSTAL group of HK with approx. 5.8 million pieces with an avg. price of 9.7 USD/pc .
| SUPPLIER | QTY(in million) | %SHARE | AVG. PRICE(USD/pc) | NO. OF BUYERS |
| PHONG PHU INTERNATIONAL JSC | 9.94 | 24 | 11.6 | 31 |
| YDVL – YI DA VIETNAM LIMITED | 5.82 | 14 | 9.7 | 15 |
| NIEN HSING GARMENT (VIET NAM) CO., LTD | 3.95 | 9 | 11 | 22 |
| TRUC XANH CLOTHING ONE MEMBER COMPANY LIMITED | 3.39 | 8 | 4.8 | 9 |
| KIM BINH GARMENT CO., LTD | 3.28 | 8 | 9.9 | 5 |
| TCE JEANS COMPANY LIMITED | 2.97 | 7 | 5.6 | 15 |
| GATEXIM – SAIGON 3 GARMENT JOINT STOCK COMPANY | 2.19 | 5 | 12.4 | 9 |
| SAITEX INTERNATIONAL | 1.89 | 5 | 20.7 | 23 |
| TCE CORPORATION | 1.51 | 4 | 8.8 | 7 |
| SX-TM KIM SUN COMPANY LIMITED | 1.11 | 3 | 7.1 | 4 |
| VIGAWELL GARMENT TRADING COMPANY LIMITED | 1.11 | 3 | 9.2 | 10 |
| JUNZHEN GARMENT COMPANY LIMITED | 1.07 | 3 | 8.1 | 1 |
| TEXHONG THAI BINH GARMENT COMPANY LIMITED | 0.99 | 2 | 11 | 11 |
| VITAJEAN CO.,LTD | 0.44 | 1 | 7.4 | 2 |
| QUANG NAM BLUE WAY ONE MEMBER CO., LTD | 0.24 | 1 | 5.7 | 1 |
| TOTAL | 39.9 | 95 | 10.1 | 165 |
Apart from these 15 companies, there are also a few other companies holding a 5% share of the total.
3. Top Three Buyers Of Top Ten Vietnam Suppliers
PHONG PHU INTERNATIONAL JSC
The company has been growing consistently and in 12 years they have grown to one of the leading apparel manufacturers in Vietnam and are supplying known US and European Retailers.
| BUYER | QTY(in million) | AVG. PRICE(USD/pc) |
| TARGET GLOBAL SOURCING LIMITED | 2.06 | 9.2 |
| MGF SOURCING FAR EAST, LIMITED | 1.48 | 12.2 |
| TORRID MERCHANDISING, INC | 1.29 | 13.2 |
YDVL – YI DA VIETNAM LIMITED
YDVL is a part of the Crystal Group of Hong Kong. Crystal International Group Limited was founded in Hong Kong in 1970 and is now with 20 apparel manufacturing facilities in Asia employing approximately 70,000 people worldwide. They provide comprehensive one-stop solutions to international brands covering lifestyle wear, denim, intimate, sweater, and sportswear and outdoor apparel..
| BUYER | QTY(in million) | AVG. PRICE(USD/pc) |
| OLD NAVY | 1.29 | 9.7 |
| LEVI STRAUSS | 1,.28 | 10.3 |
| TARGET | 1.21 | 10.6 |
NIEN HSING GARMENT (VIET NAM) CO., LTD
NIEN HSING TEXTILE CO., LTD. is a Taiwan-based company principally engaged in the manufacture and distribution of garments and textile products. The products of the Company include denim and casual wear, denim cloth, casual cloth, and ring-spun yarns. Their main clients are GAP, AEO, Kohl’s, VF, others In Vietnam Garment/Knitwear
| BUYER | QTY(in million) | AVG. PRICE(USD/pc) |
| GAP INC | 0.61 | 10.5 |
| ABERCROMBIE & FITCH | 0.34 | 7.8 |
| EXPRESS USA | 0.34 | 13.6 |
TRUC XANH CLOTHING ONE MEMBER COMPANY LIMITED
They are engaged in the export of apparel.
| BUYER | QTY(in million) | AVG. PRICE(USD/pc) |
| FASHION NOVA | 1.62 | 5.2 |
| Y.H.TEXPERT CORPORATION | 1.10 | 3.9 |
| HIDDEN JEANS / CELLO JEANS | 0.75 | 5.2 |
TCE JEANS COMPANY LIMITED
As one of the oldest denim factories in Asia, TCE has been trusted by customers since 1956 for its long history of stable quality & customization. The largest fabric capacity in Vietnam is 3.5 million yds/month And garment- 1.3 million pcs/month Number 1 vertically integrated denim supplier from fabric to washing in southern Asia by full sustainability.
| BUYER | QTY(in million) | AVG. PRICE(USD/pc) |
| AMBIANCE APPAREL | 2.0 | 5.0 |
| HIDDEN JEANS / CELLO JEANS | 0.32 | 6.7 |
| H & M HENNES & MAURITZ AB | 0.14 | 4.5 |
KIM BINH GARMENT CO., LTD
Kim Binh Minh Co., Ltd was established in 2001, located in Ho Chi Minh City, Vietnam. As a manufacturer and exporter to Japanese and USA markets, they specialize in producing apparel products.
| BUYER | QTY(in million) | AVG. PRICE(USD/pc) |
| OLD NAVY / GAP | 1.87 | 10.4 |
| ABERCROMBIE & FITCH | 1.40 | 9.3 |
SAITEX INTERNATIONAL
Saitex is one of the most well-known denim factories around the world. It has also been sometimes classified as the ” Cleanest denim factory “. With a very strong focus on sustainability, Saitex is employing most of the clean technologies for its denim apparel production. The company also became the first factory in Asia and the only large-scale manufacturer of denim with B Corporation™ Certification, a score of 105.6 .
| BUYER | QTY(in million) | AVG. PRICE(USD/pc) |
| MADEWELL INC | 0.84 | 18.5 |
| EVERLANE | 0.36 | 25.9 |
| J CREW | 0.27 | 23.0 |
GATEXIM – SAIGON 3 GARMENT JOINT STOCK COMPANY
GATEXIM – Saigon 3 Garment Joint Stock Company is one of the leading garment exporters in Vietnam, specializing in all kinds of jeans, khaki pants, and sports pants with a total output of more than 12 million units,2 garment factories, 1 completing center, 3,000 machinery equipment, 47 sewing lines, 3,000 skilled workers. The export market includes Japan, USA, Europe, Asia. Saigon 3 always concentrates on the quality of products and services towards the satisfaction of customers, as the foundation of the company.
| BUYER | QTY(in million) | AVG. PRICE(USD/pc) |
| EXPRESS / MGF SOURCING FAR EAST, LIMITED | 0.92 | 12.2 |
| GTEX INC., | 0.32 | 11.2 |
| 3RD TR8 APPAREL, INC | 0.37 | 14.1 |
TCE CORPORATION
Founded in South Korea in 1956, TCE is one of the oldest denim companies in Asia. It relocated its entire production to Vietnam in 2014 and now produces only denim at its TCE Vina Denim mill, which occupies a 110,000m² site two hours outside of Hanoi. It has the largest capacity fabric in Vietnam of 3.5 million yards per month. In garments they have two units TCE VINA DENIM with 300,000 pcs per month and TCE JEANS with 1 million pcs per month. TCE exports 100% of its production overseas, with Europe, at about 45% being the largest market, followed by the USA at 30%, and Japan and Korea the other main export destinations.
| BUYER | QTY(in million) | AVG. PRICE(USD/pc) |
| KANCAN WH | 1.00 | 7.5 |
| CHICOS RETAIL | 0.30 | 11.7 |
| TCE CORPORATION | 0.21 | 11.2 |
SX-TM KIM SUN COMPANY LIMITED
SX-TM KIM SUN is a garment processing factory that supplies, manufactures, trades, and processes in the field of apparel, clothing, footwear, products, and articles using fabric materials and finishing products. domestically and internationally
| BUYER | QTY(in million) | AVG. PRICE(USD/pc) |
| INTRO FABRIC | 0.87 | 6.9 |
| THE M.A.P INC. | 0.17 | 8.1 |
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