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Manufacturing textiles at TCM – Illustration |
In July, TCM recorded a revenue of 314.4 billion VND for the parent company and a profit after tax of 26.3 billion VND. Cumulatively, for the first seven months, the parent company’s revenue reached 2,160 billion VND, a slight increase of 1% compared to the same period last year, equivalent to 48% of the yearly plan. Profit after tax stood at 184.9 billion VND, marking a 12% increase and fulfilling 66% of the yearly profit target.
During July, garments accounted for 74% of the parent company’s revenue, fabric contributed 21%, and fiber made up the remaining 4%. Notably, the fabric segment witnessed a surge compared to the previous year due to a trend among domestic enterprises prioritizing the purchase of local fabrics to take advantage of export tax incentives to the EU and CPTPP regions. Moreover, sourcing fabric domestically helps mitigate the risk of transhipment taxes when exporting to the US.
In July, the primary export destinations for Vietnam’s textile industry were Asian countries, accounting for 63.9% of total exports; specifically, Japan accounted for 20.35%, and South Korea for 19.24%. The American market represented 26.5% of exports, with Canada at 16.03% and the US at 10.26%. European countries accounted for 9.5%, led by the UK at 4.48%.
Outlook for Fourth-Quarter Orders
TCM shared that they have been receiving orders for the fourth quarter of 2025, which is typically a peak consumption period with festive and holiday celebrations. Recently, the US announced a 20% retaliatory tax rate on Vietnamese textile and apparel products, a rate considered more competitive than those imposed on similar products from China and India.
Additionally, TCM, along with many other enterprises in the textile industry, is expanding exports to the EU and CPTPP regions to leverage the benefits of free trade agreements. The company anticipates an improvement in order volume in the final quarter of the year.
Vietnam’s textile exports in July 2025 are estimated at 4.45 billion USD, reflecting an increase of 8.2% from June and a significant 21% surge compared to the same period last year. For the first seven months, export turnover reached 26.34 billion USD, up by 9%. Specifically, garment exports amounted to 20.97 billion USD, marking an 11.3% increase. Conversely, exports of fibers and yarns decreased by 4.2% to 2.44 billion USD, while fabric exports declined by 2.6% to 1.6 billion USD.
On the stock market, TCM is currently trading around 30,000 VND per share, reflecting a 9% decrease over the last month and a 31% drop compared to its price a year ago. Average liquidity stands at nearly 2 million shares per day.
| Price Movement of TCM Shares Since the Beginning of 2025 |
– 13:58 28/08/2025
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