The Vietnam National Textile and Garment Group (Vinatex) has reported a significant turnaround in the first half of 2025, with consolidated profit reaching approximately US $21.3 million—marking a 197% increase compared to the same period last year. The group also saw its revenue rise by 8% year-on-year to US $345.8 million, completing nearly 49% of its annual revenue target.
Chairman Le Tien Truong attributed the improved performance to a combination of factors: strengthening global demand, more favorable pricing, and a surge in early orders. According to Truong, orders resumed two to three months earlier than usual, and the industry saw a decline in fragmented, small-batch orders—allowing for more streamlined production. Inventory levels also fell, boosting operational efficiency across the group.
This strong performance came shortly after the United States Trade Representative (USTR) announced a delay in the proposed countervailing duties on Vietnamese textile and apparel exports—a move that eased immediate concerns over potential disruptions to Vietnam’s largest export market.
While the final decision on the tariffs is still pending, exporters and buyers are pushing forward to avoid missing key production and delivery cycles—particularly for the winter and holiday seasons. “It might be too late to deliver for the peak season if we wait for the final tariff outcome,” said Truong, underscoring the urgency of maintaining uninterrupted trade flows.
Looking ahead, Vinatex expects order momentum to continue in the second half of the year, projecting an 8–10% export growth, and aims to achieve a consolidated full-year profit between US $36.4 million and US $38.3 million.
Vietnam’s overall textile and apparel sector has also shown strong signs of recovery. In May alone, exports reached a record-breaking US $3.84 billion—the highest monthly total in history, up 6% year-over-year. Total exports for the first five months of 2025 stood at US $17.8 billion, reflecting a 10% increase from the same period in 2024.
With over 13,000 textile and apparel enterprises, Vietnam remains one of the world’s key apparel exporters, and its performance in early 2025 signals both resilience and renewed global confidence in the country’s supply chain capabilities.
