Textile industry strives to meet market demand

Produced at Phat Long Phuoc Joint Stock Company, Hoa Phuoc Commune, Hoa Vang District. Photo: M.QUE

In 2025, Hoa Tho Textile and Garment Corporation sets a revenue target of VND 5,050 billion, equal to 102% compared to 2024; consolidated pre-tax profit of VND 350 billion, equal to 104% compared to 2024; export turnover of USD 255 million, equal to 102.8% compared to 2024; average income increases by 7% compared to 2024 (VND 10.5 million/person/month).

Mr. Nguyen Ngoc Binh, General Director of Hoa Tho Textile and Garment Corporation, said that the unit continues to focus on market activities, exploiting diverse export markets; searching for and expanding raw material supply sources from other countries and developing domestic supply sources through forms of association with textile and dyeing enterprises.

In addition, the company focuses on research and clearly defines the development direction of the Product Research and Development Center to be proactive in design, sample development, purchasing raw materials and completing the internal production supply chain to increase the value of garment products and enhance competitiveness.

Meanwhile, 29-3 Textile Joint Stock Company set a target of total revenue in 2025 of VND 800 billion, equal to 102% compared to 2024; pre-tax profit of VND 30 billion, equal to 103% compared to 2024; export turnover of USD 56 million, equal to 102% compared to 2024 and average income increased by 3% compared to 2024, reaching VND 9.3 million/person/month.

The company has invested nearly 4 times more resources than in 2024, at 50 billion VND. Accordingly, the company continues to renovate and invest in the construction of Duy Trung 2 Garment Factory (Duy Xuyen District, Quang Nam Province) to suit new production technology and customer needs, expected to be completed in the fourth quarter of 2025. The company will also expand production at Duy Trung Garment Factory by increasing labor recruitment.

To expand the market, in addition to traditional customers, the company actively seeks new customers with high unit prices for production, aiming to increase income and employment for workers. The company continues to apply transformation in production to increase revenue, product quality is well controlled, no errors, energy saving to reduce unnecessary costs.

According to Phat Long Phuoc Joint Stock Company (Hoa Phuoc Commune, Hoa Vang District), although it has only been established for about 3 years, the company's production activities have stabilized with about 500 workers working here to process items such as backpacks, handbags, and tents. It is known that the company is recruiting 100 more workers to meet export orders and focusing on implementing recruitment, training, innovation and improving policies to attract and preserve the workforce to meet the company's production and business needs.

Production at 29-3 Textile Joint Stock Company. Photo: M.QUE

According to the Department of Industry and Trade, the industry in general and the textile and garment industry in particular are currently maintaining positive growth momentum. The export turnover of textiles and garments in the first quarter of 2025 is estimated at 125 million USD, an increase of 2% over the same period in 2024. In February alone, the production of cotton woven fabrics with a rate of 85% or more increased by 56.7% over the previous month. Through assessment, enterprises are proactively mobilizing resources as well as investing in modern equipment to boost production and export of goods in order to soon complete growth milestones as planned.

Ms. Le Thi Kim Phuong, Director of the Department of Industry and Trade, said that it is forecasted that production and business activities of enterprises in most industries and fields will still face many challenges due to unpredictable factors of the world economy. Therefore, the department continues to implement policies to support enterprises in technological innovation, production development, and improving competitiveness to meet the requirements of the export market with increasingly strict regulations.

The Department also encourages businesses to access and apply clean, environmentally friendly production technologies; supports and consults to promote digital transformation in production and business activities of businesses. At the same time, the Department continues to implement industrial promotion projects to support businesses and rural production facilities in converting production lines and equipment to improve productivity, product quality, ensure the environment and production efficiency; supports businesses in building and registering trademark protection to facilitate the promotion of domestic consumption.

CINNAMON

Source: https://baodanang.vn/kinhte/202503/nganh-det-may-no-luc-dap-ung-nhu-cau-thi-truong-4002535/