Many enterprises are negotiating contracts for the third quarter of 2025
In the first quarter of 2025, textile and garment continued to be in the top 5 industries with export turnover of 5 billion USD or more, with 8.694 billion USD, up 11.1% over the same period in 2024. Positive order situation from the beginning of the year is the main driving force helping the industry achieve double-digit growth.
For example, in the first 3 months of the year, many textile and garment enterprises under the Group cut losses and made profits. Along with that, all garment enterprises have good production and business results.
Currently, most textile enterprises have orders until May 2025. However, from the last week of February 2025 until now, the yarn market has decreased in both price and demand, while cotton prices have continuously decreased. Most yarn orders are tending to be finalized according to usage needs, requiring fast delivery, and not buying in reserve, inventory and selling prices closely following market fluctuations.
In garment industry, many businesses have received enough orders until the end of the second quarter of 2025 and are negotiating for the third quarter of 2025.
Thanks to good orders, stable production and business, the Group's consolidated revenue in the first quarter of 2025 is estimated at VND 4,417 billion, up 6.1% over the same period; Consolidated profit is estimated at VND 271 billion, up 165.5% over the same period in 2024.
Similar to Thanh Cong Textile - Investment - Trading Joint Stock Company, the enterprise has received about 85% of the revenue plan for orders in the second quarter of 2025 and has received orders for the third quarter of 2025.
As a result, in the first 2 months of 2025, the parent company's revenue reached VND 635 billion, up 7% over the same period in 2024, and the accumulated profit for the 2 months increased by 31%. The Company's textile revenue in February 2025 came from 3 main segments, of which garment products accounted for 77%, fabrics accounted for 173% and yarns accounted for 4% of total revenue.
Expanding export space
Currently, Thanh Cong exports textiles to 4 continents and about 40 countries around the world. The company has developed a business plan for 2025 with revenue of VND 4,525.4 billion, an increase of 19% compared to the results of 2024; after-tax profit of VND 278.7 billion, an increase of about 5% compared to 2024.
To achieve this goal, Thanh Cong focuses on promoting research and development activities, focusing on product diversification, especially environmentally friendly products, recycled products and high-value products to enhance the value chain. Investing in design according to customer requirements and designing the company's own brand towards ODM.
At the same time, promoting search and expansion of new customers and markets to increase export revenue. In addition, promoting development of the domestic market, especially for textile products to take advantage of tariff incentives on origin from Free Trade Agreements (FTAs).
Market diversification is a strategic task of the Vietnamese textile and garment industry. Speaking at a recent meeting with the Government, Mr. Truong Van Cam - Vice President of the Vietnam Textile and Apparel Association - emphasized that businesses in the industry continue to promote exports to markets that have signed FTAs, Halal markets, and South America to take advantage of incentives and expand market share.
Leader of the Vietnam Textile and Apparel Association also suggested that Vietnamese representative agencies abroad learn and share information about the host country's market, demand, taste, capacity, etc. and the potential for trade and investment cooperation with Vietnam's textile and garment industry. Organize more trade connections for businesses from both sides to meet, exchange, and cooperate.
"Speed up negotiations on the ASEAN - Canada FTA or possibly launch a bilateral Vietnam - Canada FTA to be able to stipulate the origin of 2 stages that Vietnam and Canada's textile and garment industry are both interested in, instead of 3 stages in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership of which the two countries are members", Mr. Truong Van Cam proposed.
Market diversification is a task that Ministry of Industry and Trade has been actively implementing in recent times. Speaking about this, Mr. Le Hoang Tai - Deputy Director of Department of Trade Promotion - informed that proactively opening new markets is an urgent requirement, not only to diversify the market, but also to help Vietnam increase the sustainability of export turnover.
"We pay special attention to taking advantage of opportunities from the FTAs that Vietnam has signed. Effectively exploiting FTAs is not only related to the story of tax reduction but also improving product quality, standardizing and restructuring the supply chain according to international standards" - Deputy Director of Department of Trade Promotion said.

Source: Vitic/ congthuong.vn