Vinatex’s 9-Month Profit Surges by 30%, Closing in on 2021’s Record High

By the end of September 2025, Vietnam National Textile and Garment Group (Vinatex, UPCoM: VGT) is projected to achieve 80% of its annual plan, with profits surging 25-30% year-over-year. The Fiber sector has quadrupled its production targets, while the Garment sector contributed nearly VND 800 billion in profits, propelling the Group closer to its 2021 record highs.

0
18

On the morning of September 29th, during the October flag-raising ceremony, Mr. Cao Hữu Hiếu, CEO of Vinatex, announced that the group had achieved approximately 80% of its annual plan in the first nine months of 2025. Consolidated revenue is estimated to grow by 4-5% year-on-year, while profits are projected to surge by 25-30%. If this momentum continues, Vinatex’s 2025 profits could surpass the record set in 2021, exceeding 1.4 trillion VND.

The Fiber division stood out, surpassing its production plan by fourfold, while the Garment sector remained the key driver with a 60% growth rate, expected to contribute nearly 800 billion VND in profit. The Weaving, Dyeing, and Towel segments also made positive contributions, albeit at a lower scale.

CEO Cao Hữu Hiếu addressing the October flag-raising ceremony

The Vinatex CEO cautioned about unpredictable international market fluctuations. Notably, the U.S. countervailing duty policy is causing textile and garment orders to stall from October. The group’s leadership has urged member units to closely monitor the market, operate flexibly, and exercise caution to safeguard existing achievements.

The fourth quarter is deemed critical in determining the year’s outcome. Vinatex plans to hold a nine-month review in November and concurrently develop market scenarios and allocate the 2026 plan.

At the 2025 Annual General Meeting, Vinatex set a consolidated revenue target of 18.315 trillion VND, nearly flat compared to 2024, with pre-tax profit expected to rise by 9% to 910 billion VND. In the first half of the year, the group recorded 8.697 trillion VND in revenue, up 9%; pre-tax profit reached nearly 667 billion VND, more than 2.3 times higher year-on-year.

Vinatex’s Half-Yearly Business Results Over the Years

Recently, Vinatex announced October 15th as the ex-date for shareholder approval of a 2024 dividend plan totaling 150 billion VND, equivalent to 3% of equity. This development is noteworthy, as the dividend proposal was previously rejected by the AGM in late June 2025 to retain resources.

On the stock market, VGT shares are trading around 12,200 VND/share, down 16% over the past year, with average liquidity of over 1.3 million shares/session. However, compared to the low of 8,000 VND/share in early April 2025, the price has rebounded by more than 45%.

VGT Stock Price Movement Over the Past Year

Thế Mạnh

– 10:40 30/09/2025

You may also like

“Vietnamese Exports: Seeking New Launchpads for Global Reach”

To sustain the momentum of robust export growth, industries are striving to diversify their markets and reduce reliance on major partners. They are also navigating the dynamic landscape of international trade policies and forging new paths to ensure long-term success in the global arena.

The Golden Opportunity: Unveiling the Potential of Vietnam’s Textile and Footwear Industries

The textile and footwear industry is pioneering innovative solutions to boost consumption and build iconic Vietnamese brands. With a strategic focus on balancing exports and the domestic market, the industry aims to create a sustainable and resilient future.

“US Tax Cut Creates Competitive Pressure, Says Vinatex”

The reduction of tariffs on exports to the US from 46% to 20% is undoubtedly positive news, but Vinatex remains vigilant about the intense competition, complex rules of origin, and stringent quality standards that lie ahead. The company is aware that maintaining orders and employment stability for the remainder of 2025 will be a challenging endeavor.

“Vinatex: Your Trusted Partner in the Global Textile Industry”

By 2030, Vinatex aims to double its consolidated profits and triple its individual profits. We strive to ensure our workers’ annual income surpasses the CPI by 2-3%, meeting 100% of environmental standards and reducing greenhouse gas emissions.

Export 2025 Surges by 12%: A Symphony of Revolutionary Strategies

To achieve the 2025 export target, businesses and experts emphasize the need for technological innovation and digital transformation. They advocate for a diverse range of trade promotion activities and encourage the utilization of e-commerce platforms.