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The Profitable Textile Enterprise: Unraveling Thành Công Garment Corporation’s Success Story with a 5-Month Profit of 139 Billion, Hitting 50% of Annual Target

19 June, 2025

TCM has filled 80% of Q3 2025 order plans – Illustration

Thanh Cong Textile Garment Joint Stock Company (TCM) recently reported its business results for May 2025, with the parent company’s revenue reaching VND 309.3 billion, a 1% increase compared to the same period last year. Estimated post-tax profit reached VND 29.2 billion, a 9% increase.

The month’s revenue was generated from three main segments, with garment products contributing 72.7%, fabric accounting for 20.6%, and fiber making up 5.4%. Export activities dominated, with the Asian market accounting for 59.4% of total revenue. Japan alone contributed 16.53%, followed by South Korea (14.47%), Vietnam (12.95%), and China (8.25%). The American market made up 35.4% of exports, with the US at 19.67% and Canada at 15.57%. Europe accounted for 5.2%, mostly from the UK at 4.78%.

As of the end of May, TCM has received nearly 80% of the revenue plan for Q3 2025 orders and is preparing to receive Q4 orders.

In the first five months of the year, the parent company’s revenue reached VND 1,607.5 billion, a 7% increase compared to the same period, fulfilling about 36% of the yearly plan. Post-tax profit reached VND 138.7 billion, a 25% increase, equivalent to 50% of the yearly plan.

These results come as Vietnam’s textile and garment industry is experiencing a strong recovery. In the first five months of 2025, the total export turnover of textiles and garments was estimated at 17.58 billion USD, a 9% increase over the same period last year. Garment exports saw the highest growth, reaching 13.8 billion USD, an 11.6% increase.

In terms of corporate activities, on June 10, TCM completed the issuance of nearly 10.2 million bonus shares from the investment fund development source, equivalent to a 10% ratio. The shares are expected to be transferred on July 10. After the issuance, the company’s charter capital will increase to over VND 1,120 billion.

In the stock market, TCM shares are currently trading around VND 29,000 per share, up 6.5% in one month. However, the market price is still 21% lower than three months ago and 38% lower than a year ago. Liquidity has remained stable, with an average of over 2 million shares traded per day.

TCM Share Price Movement since the beginning of 2025

The Manh

– 10:58 19/06/2025