Business

Vinatex posts second highest consolidated profit in its history

Its consolidated revenue in 2025 is estimated at 18.89 trillion VND, achieving 103.2% of the annual plan.

Vinatex holds a briefing in Hanoi on December 24. (Photo: VNA)
Vinatex holds a briefing in Hanoi on December 24. (Photo: VNA)

Hanoi (VNA) – The Vietnam National Textile and Garment Group (Vinatex) recorded consolidated profit at around 1.35 trillion VND (51.3 million USD) this year, ranking second in the group’s 30-year history and exceeding its annual target by 49%.

Its consolidated revenue is estimated at 18.89 trillion VND, achieving 103.2% of the annual plan.

Average monthly income of employees stands at 11.7 million VND per person, up 10% from last year.

The group has set targets of consolidated revenue and profit of 20 trillion VND and 1.2–1.5 trillion VND, respectively, next year.

This is considered a fairly challenging plan, as reciprocal tariffs remain uncertain and the market continues to face various risks without any expectation of breakthrough growth.

Vinatex held a briefing in Hanoi on December 23 on its 2025 production and business performance, labour and worker movements, and activities to care for employees during the upcoming Tet (Lunar New Year).

Cao Huu Hieu, CEO of Vinatex, said that this year marks another successful year of “overcoming difficulties” for the textile and garment industry, with export turnover estimated at 46 billion USD, up about 5% from last year.

Global tariff fluctuations were largely kept under control, limiting negative impacts on overall performance. Vietnamese textile and garment products are currently present in 138 markets worldwide.

Addressing key challenges faced by the industry this year, Hieu cited the impact of multiple factors, including global geopolitical tensions, the US tariff policies, and natural disasters in Vietnam.

In addition, continuous fluctuations in cotton and fiber prices, as well as logistics costs, pushed up production expenses for textile and garment enterprises, he said.

Meanwhile, customers imposed increasingly stringent requirements on delivery timelines, product quality, and traceability, and processing fees declined, he added.

These factors have created significant pressure on businesses in the sector, exacerbating difficulties and weakening the competitiveness of Vietnamese goods in international markets, Hieu noted./.

VNA
#Vinatex #consolidated profit #Vietnam textile and garment sector
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