AsemconnectVietnam - Thanh Cong Textile Garment - Investment - Trade Joint Stock Company (code TCM) has just announced its business situation in January 2025 with the parent company's revenue reaching VND346.3 billion and after-tax profit reaching VND26 billion, up 3% and 13% respectively over the same period.

In Thanh Cong's revenue structure, garment products continue to account for the largest proportion with 81%, followed by fabric with 13% and yarn with 5%.
In terms of export markets, Asia plays a key role for Thanh Cong Textile Garment, accounting for 80.3% of total export turnover in January 2025. Of which, Korea leads with 41.07% (this is the key market where the Company aims to increase exports by nearly 30% this year). In addition, the Japanese market also accounts for 25.8% and the Vietnamese market accounts for 6.47% of TCM's revenue structure.
Next is the American market, contributing 14.9% of export revenue, including the US accounting for 10.37% and Canada accounting for 4.15%. Europe accounts for 3.9%, with the UK market alone accounting for 3.35%.
Currently, TCM has received enough orders for the first quarter of 2025, and the Company is accepting orders for the second quarter and starting to receive orders for the third quarter.
With the forecast that Vietnam's textile and garment exports in 2025 will grow by 9-10%, reaching about 47-48 billion USD, TCM aims to increase revenue by about 19% compared to 2024, estimated at more than VND4,500 billion, while focusing on optimizing profits.
At the regular meeting in February 2025, Mr. Song Jae Ho, General Director of TCM, emphasized the challenges that businesses are facing in the context of economic fluctuations, especially the risk of high tariffs on exports to the US. He proposed solutions to increase revenue growth, promote R&D and increase speed in all activities to maintain growth momentum.
On the stock market, at the end of the trading session on the morning of February 24, TCM shares decreased by 0.24% to VND 41,000/share.
N.Nga
Source: VITIC/Tinnhanhchungkhoan