CEO Cao Hữu Hiếu presenting at the Conference
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On the afternoon of November 18th, in Hanoi, the Vietnam Textile and Garment Group (Vinatex) held a conference to outline its strategic plan for 2026. Vinatex CEO, Mr. Cao Hữu Hiếu, announced specific growth targets for each business segment.
The Fiber Division aims for a 10% revenue increase, a 20% profit rise, the development of new product lines, the establishment of the Vinatex Fiber brand, expanded internal fiber usage, and a 5% improvement in overall productivity.
The Garment Division targets a 4-6% revenue growth, profit levels comparable to 2025, a 10% increase in average income, higher usage of in-house materials, enhanced overall productivity, and a shift in the CM/FOB/ODM structure.
For the Fabric and Home Textiles Division, Vinatex focuses on increasing internal fabric usage, enhancing towel production capabilities, and expanding its home textile product range.
 Mr. Lê Tiến Trường, Chairman of Vinatex, concluding the Conference
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Vinatex Chairman, Mr. Lê Tiến Trường, emphasized that the 2026 focus is on “overall efficiency,” aiming for a 5% increase in Total Factor Productivity (TFP). Manufacturing enterprises are urged to prioritize high-value-added products, delegating standard items to mid-sized companies to optimize competitiveness.
Fiber and Garment companies will continue to invest in automation, labor and energy reduction, pilot high-demand synthetic fibers, implement system-wide digital transformation, and establish internal expert groups. The Garment Division is tasked with ensuring consistency across the system and strengthening ties with the PD&B Center.
During the conference, Vinatex announced several personnel changes. Mr. Phạm Văn Tân and Mr. Nguyễn Đức Trị were reappointed as Deputy CEOs. Mr. Lê Mạc Thuấn will continue his tenure until December 31, 2026, as Deputy CEO. Additionally, Mr. Phạm Xuân Trình, Executive Director, was appointed as Deputy CEO of Vinatex.
Vinatex leadership presenting appointment decisions
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In the first nine months of 2025, Vinatex reported revenue of nearly 14,000 billion VND, achieving 80% of the annual plan and a 10% increase year-on-year. Pre-tax profit reached approximately 1,045 billion VND, exceeding the annual plan by 15% and doubling the previous year’s figure. Maintaining this pace, Vinatex could approach its record profit of 1,400 billion VND from 2021. Positive business performance has reflected in the stock market. The VGT stock recorded seven consecutive sessions of growth, reaching 13,100 VND per share on November 19th, returning to mid-August 2025 levels and 63% higher than the April 2025 low following the tariff shock. However, the current price remains 2% lower year-on-year, with average liquidity of nearly 1.3 million shares per session. |
– 15:28 19/11/2025
Weaving and Garment Industry Surges Ahead Despite Market Volatility
Vietnam’s textile and apparel industry concluded Q3/2025 on a positive note, demonstrating resilience amidst intense competition and new tariff policies from the key U.S. market.
“Industry Leader” in Textiles Surpasses $500 Billion Quarterly Revenue for the First Time, Achieving 3-Year Profit Peak
For the first time, Q3 revenue surpassed the VND 5,000 billion mark, while profits from associated companies soared by 84%, enabling Vietnam Textile and Garment Group (Vinatex, UPCoM: VGT) to record its highest net profit in three years.
Vietnam’s Garment Industry Must Move Beyond Cheap Labor Advantage
“Vietnam’s textile industry can no longer rely on the advantage of cheap labor. We will build our competitive edge through quality, reputation, speed, and technology,” stated the CEO of Vinatex.
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.
“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.
