To increase efficiency, textile and garment businesses have strived to leverage every advantage and expand their markets and customer base in order to maintain production and ensure employment for workers.
According to Nguyen Quang Minh, General Director of Viet Thang Corporation, with a sustainable development strategy for textile and yarn products and the ability to adapt promptly to the market, the company achieved total revenue of over 926 billion VND (77.2% of the plan) and profit of over 41 billion VND (108% of the plan) in the first nine months of 2025. Anticipating many challenges in the remaining months of the year from market fluctuations and fierce competition, the company will continue to invest in equipment modernization, labor training to improve productivity and product quality; at the same time, focusing on developing traditional products and expanding markets by accelerating the issuance of certificates and proof of origin meeting international standards for export to the US, Japan, the European Union (EU), etc.
According to Pham Phu Chung, Deputy General Director of Phong Phu Corporation, the company currently has two main product lines: sewing thread and towels. The production plan for sewing thread by the end of the year is approximately 650 tons per month, a 5% decrease compared to the plan but an 8% increase compared to the same period in 2024.
For its towel line, the company is actively promoting its market, targeting exports to the US and Japan, and negotiating with customers to increase large order volumes, reduce costs, and maintain selling prices. At the same time, the company is assessing its production capacity to increase product output shifting from China and India to Vietnam, aiming to increase income and create stable jobs for workers.
The new US tariff policy has increased retail clothing prices in this market, leading to decreased demand and impacting business performance.
According to Hoang Thuy Oanh, Deputy General Director of Hoa Tho Textile and Garment Corporation, the company closely monitors market developments, US tariff policies, and new regulations from key exporting countries to adjust its strategies accordingly. The company proactively discusses tariff response solutions with US customers, while also strengthening cooperation, developing new products targeting higher-end segments, and expanding investment in markets such as Canada, Japan, South Korea, and the EU.
In addition, the company optimizes production costs, invests in modern machinery, improves processes, and enhances the skills of its workforce to improve product quality and competitiveness.
"To take advantage of the opportunities from the 17 new-generation free trade agreements, businesses must proactively secure domestic sources of raw materials and components, connect with domestic suppliers and those in member countries of the agreements to take advantage of tariff preferences and expand markets," Ms. Hoang Thuy Oanh emphasized.
According to data from the Vietnam Textile and Garment Association (Vitas), in the first eight months of 2025, Vietnam's textile and garment export turnover reached over 31 billion USD, an increase of 7% compared to the same period in 2024. Key export markets all saw strong growth, including the US (12%), EU (12.3%), Japan (7.8%), China (3.7%), and ASEAN (3.7%). Forecasts for the remaining months of the year suggest... Vietnam's textile and garment industry Continue to grow and achieve the set goals.
Commenting on the market, Cao Huu Hieu, General Director of Vietnam Textile and Garment Group (Vinatex), said that the yarn industry has improved significantly, with signs of recovery in some coarse and fine combed yarn products, and some businesses will soon complete their annual plans. Many businesses are effectively exploiting the domestic market and exporting locally to FDI enterprises.
The garment industry maintains its growth momentum, but in light of the new tariff policy, there is a trend towards smaller, short-term orders, customers placing orders from afar, and a demand for price negotiations.
To achieve its goals, from now until the end of the year, businesses need to maintain a stable workforce, manage production and business effectively, closely monitor market developments, ensure product origin documentation, diversify markets, customers, and products, and strengthen supply chain linkages to proactively manage domestic production, reduce costs, enhance competitiveness, and affirm the position of Vietnam's textile and garment industry in the global supply chain.
Source: https://baoquangninh.vn/doanh-nghiep-det-may-truoc-ap-luc-cuoi-nam-3379111.html
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