Emerging from the Pacific Industrial Company, acquired post-unification, Viet Tien has evolved over 50 years into Vietnam’s textile and garment industry leader.
Today, the company boasts a vast ecosystem with over 30,000 employees, 500,000 m² of factory space, and a nationwide network of 1,390 stores and distributors.
Chairman Vu Duc Giang announced that by the end of fiscal year 2025, Viet Tien’s total revenue reached approximately VND 18.5 trillion.
The parent company alone contributed VND 11 trillion, reinforcing its role as the system’s driving force. By December 31, 2025, exports totaled nearly $800 million, targeting key markets like the U.S., EU, Japan, and CPTPP member countries.
Domestic sales currently account for VND 1.6 trillion, representing nearly 10% of total revenue.
Profit growth in 2025 exceeded 14% compared to 2024’s VND 430 billion, reaching approximately VND 490 billion.
Targeting $1 Billion by 2030
At the event, Chairman Giang outlined a 5-year strategy (2026–2030) to achieve $1 billion in revenue, anchored in five proven pillars: scaling production, investing in remote areas, prioritizing technology and sustainability, strengthening partnerships with Nike (30% of production) and Uniqlo, and focusing on employee-centric policies.
Moving beyond low-margin CMT models, Viet Tien launched the Duong Long R&D Center in 2019, shifting toward ODM (design-led manufacturing) and OBM (private branding). This hub features international-standard facilities, including a 500 m² catwalk and advanced 2D/3D design labs, enabling trend forecasting and global competitiveness.
To expand globally, Viet Tien plans an Indonesian factory to leverage cost advantages and penetrate Southeast Asia. The company also aims to transition from FOB to DDP/LDP models, managing logistics and direct deliveries to U.S. and Japanese warehouses to protect margins.
Leveraging its financial strength, Viet Tien will diversify into industrial real estate, logistics, and trade services, transforming into a multi-sector conglomerate.
Employee Compensation and Benefits
In 2025, HR initiatives remained a highlight, with VND 800 billion allocated to welfare and social programs since 2020. For the 2025 Lunar New Year, bonuses averaged VND 23 million in Ho Chi Minh City (R&D, management) and VND 14–15 million at regional factories, reflecting localized labor market conditions.
Maintaining 70% local sourcing optimizes FTAs, while renewable energy projects, such as a 1.1 MW solar system at Viet Long Hung, reduce emissions and meet global sustainability standards.
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