In the first quarter of 2025, textiles and garments will continue to be in the group of industries with export turnover of 5 billion USD, with some enterprises achieving good revenue in the first quarter of the year.

Many businesses are negotiating contracts for the third quarter of 2025.

In the first quarter of 2025, the textile and garment industry will continue to be in the top 5 industries with export turnover of 5 billion USD or more, with 8.694 billion USD, an increase of 11.1% over the same period in 2024. The positive order situation from the beginning of the year is the main driving force helping the industry achieve double-digit growth.

For example, in the first 3 months of the year, many textile enterprises under the Vietnam Textile and Garment Group cut losses and made profits. Along with that, all garment units had good production and business results.

The textile industry is one of the largest and most environmentally impactful industries globally, after food, construction and transport.

Currently, most yarn industry units have orders until May 2025. However, since the last week of February 2025, the yarn market has decreased in both price and demand, while cotton prices have continuously dropped sharply. Most yarn orders tend to be finalized according to usage needs, requiring fast delivery, not buying for storage or inventory, and selling prices closely follow market fluctuations.

In the garment industry, many businesses have received enough orders until the end of the second quarter of 2025 and are negotiating for the third quarter of 2025.

Thanks to good orders, stable production and business, the Group's consolidated revenue in the first quarter of 2025 is estimated at VND 4,417 billion, up 6.1% over the same period; consolidated profit is estimated at VND 271 billion, up 165.5% over the same period in 2024.

Similar to Thanh Cong Textile - Investment - Trading Joint Stock Company, the enterprise has received about 85% of the revenue plan for orders in the second quarter of 2025 and has received orders for the third quarter of 2025.

As a result, in the first two months of 2025, the parent company's revenue reached VND 635 billion, up 7% over the same period in 2024, with cumulative profits for the first two months increasing by 31%. The Company's textile and garment revenue in February 2025 came from three main segments, of which garment products accounted for 77%, fabrics accounted for 173%, and yarn accounted for 4% of total revenue.

Expanding export space

Currently, Thanh Cong exports textiles to 4 continents and about 40 countries around the world. The company has developed a business plan for 2025 with revenue of VND 4,525.4 billion, an increase of 19% compared to 2024 results; after-tax profit of VND 278.7 billion, an increase of about 5% compared to 2024.

To achieve this goal, Thanh Cong focuses on promoting research and development activities, focusing on product diversification, especially environmentally friendly products, recycled products and high-value products to enhance the value chain. Investing in design according to customer requirements and designing the company's own brand towards ODM.

At the same time, promote the search and expansion of new customers and markets to increase export revenue. In addition, promote the development of the domestic market, especially for textile products to take advantage of preferential tariffs on origin from Free Trade Agreements (FTAs).

Market diversification is a strategic task of the Vietnamese textile and garment industry. Speaking at a recent meeting with the Government, Mr. Truong Van Cam - Vice President of the Vietnam Textile and Apparel Association - emphasized that enterprises in the industry continue to promote exports to markets that have signed FTAs, Halal markets, and South America to take advantage of incentives and expand market share.

The leaders of the Vietnam Textile and Apparel Association also requested that Vietnamese representative agencies abroad learn and share information about the host country's market, demand, taste, capacity, etc. and the possibility of trade and investment cooperation with Vietnam's textile and garment industry. Organize more trade connections so that businesses from both sides can meet, exchange and cooperate.

“ Speed up negotiations for the ASEAN-Canada FTA or possibly launch a bilateral Vietnam-Canada FTA to be able to stipulate the origin of two stages that Vietnam and Canada are both interested in, instead of three stages in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership of which both countries are members, ” Mr. Truong Van Cam proposed.

Market diversification is a task that the Ministry of Industry and Trade has been actively implementing in recent times. Speaking about this, Mr. Le Hoang Tai - Deputy Director of the Department of Trade Promotion - Information, proactively opening new markets is an urgent requirement, not only to diversify markets, but also to help Vietnam increase the sustainability of export turnover.

" We pay special attention to taking advantage of opportunities from the FTAs that Vietnam has signed. Effectively exploiting FTAs is not only related to the story of tax reduction, but also improving product quality, standardizing and restructuring the supply chain according to international standards " - Deputy Director of the Trade Promotion Agency said.

Stable orders from the beginning of the year helped the textile and garment industry achieve double-digit export growth in the first quarter of 2025. At the same time, a number of large enterprises achieved positive revenue and profits.

Source: Congthuong.vn