At a press conference on December 23, Mr. Cao Huu Hieu, General Director of Vietnam National Textile and Garment Group (Vinatex), highlighted the industry's continued success in overcoming challenges.
According to him, the textile and garment sector has effectively managed global tariff fluctuations, minimizing negative impacts, and its export turnover is therefore estimated to reach $46 billion in 2025, marking a 5% increase compared to 2024. Of the figure, clothing export is projected to contribute $38 billion.
Currently, Vietnamese textile products are present in 138 markets worldwide, with the United States remaining the primary market, accounting for over $18 billion in exports (a year-on-year 10% increase).
For Vinatex, 2025 can be described as a year of "remarkable overcoming of challenges," he said, explaining that amidst a global economic landscape filled with uncertainties, including the "fog" of countervailing duties from major powers and unpredictable market fluctuations, Vinatex has achieved impressive business results. The Group's consolidated revenue is estimated at nearly VND19 trillion (more than $722 million), with a standout profit figure of nearly VND1.4 trillion (more than $53.2 million), representing a 62.3% growth compared to the previous year and achieving 149% of the planned target. This is the second-highest profit in the Group's 30-year history, only surpassed by 2021. The garment sector continues to contribute significantly to this result, with over VND800 billion (more than $30.4 million) in profit.
Notably, 2025 witnessed a dramatic turnaround in the yarn sector. From a loss of VND95 billion in 2024, the sector rebounded to achieve a profit of VND176 billion in 2025. This "reversal" is not due to luck but the result of a strategy to diversify markets, decisively moving away from dependence on a single market and exploring new destinations such as Japan, South Korea, the Philippines, and Europe. The encouraging aspect is not just the overall value but also the uniformity: for the first time in many years, all three core sectors—yarn, dyeing, and garment—are profitable. "This is what we are most pleased about. It's not about how many thousand billion VND in consolidated profit, but the most important thing is that all the main sectors in the closed textile chain are profitable. Although the dyeing sector's results are still modest, it is no longer in the red. Even sectors outside of textiles, such as real estate business, are effective and contribute to more than VND1.35 trillion VND, as a result," Mr. Hieu shared.
For 2026, Vinatex sets a revenue target of VND20 trillion (nearly $760 million), a profit target of VND1.5 trillion (nearly $57 million), and a trade surplus growth target of over 10%, thus contributing directly 10% to the national GDP growth. Meanwhile, its total factor productivity (TFP) growth is expected to exceed 5%, nearly double the national average for 2025.
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