Textile apparel firms deliver robust earnings despite global tariff pressures
The sector's total export value is estimated up about 5-5.6 per cent on-year, reflecting the sector's ability to largely contain global tariff volatility and limit negative impacts on production and business performance.
“This year marks the second-highest profit in our 30-year history,” said Cao Huu Hieu, CEO of state conglomerate Vietnam National Textile and Garment Group (Vinatex), at a press briefing on December 26 reviewing the year's export and business performance.
As export markets have recovered, companies across the sector have announced impressive revenue and profit figures.
The sector's total export value is estimated up about 5-5.6 per cent on-year, reflecting the sector's ability to largely contain global tariff volatility and limit negative impacts on production and business performance.
“This year marks the second-highest profit in our 30-year history,” said Cao Huu Hieu, CEO of state conglomerate Vietnam National Textile and Garment Group (Vinatex), at a press briefing on December 26 reviewing the year's export and business performance.
As export markets have recovered, companies across the sector have announced impressive revenue and profit figures.
Source: VIR