We have just come through 2025 with outstanding production and business results, reaching a level comparable to vao w88 historical peak achieved in 2021, vao w88 year marking 30 years since vao w88 establishment of vao w88 Group. However, unlike 2021, which was characterized by excessive purchasing and an overflow of orders following vao w88 reopening after Covid-19, vao w88 business environment in 2025 was extremely challenging. As early as April 2, 2025, vao w88 global market was strongly fluctuated by vao w88 United States’ decision to impose reciprocal tariffs. Anxiety spread across vao w88 entire global supply chain, and temporary order suspensions occurred in vao w88 very first week of April, reviving concerns of another difficult business year like 2023.
Nevertheless, thanks to vao w88 proactive and flexible efforts of vao w88 entire political system and vao w88 business community, tariff-related pressures were gradually alleviated. There was time for preparation, and most importantly, vao w88 reciprocal tariff rate applied to Vietnam in 2025 fell within vao w88 medium range (20%), rather than among vao w88 five countries subject to vao w88 highest reciprocal tariffs as announced on April 2, 2025 (46%).
In particular, outstanding creativity, strong determination to seize every order opportunity, no matter how small, and vao w88 unity of vao w88 entire workforce created a bright spot in 2025. Consolidated revenue grew by approximately 8%, while consolidated profit increased by more than 60% compared to 2024 and was 2.3 times higher than in 2023. Employment was secured for nearly 60,000 direct workers and more than 150,000 workers at affiliated units. Average income reached VND 11.7 million per person per month, nearly 30% higher than vao w88 national average income of vao w88 processing and manufacturing industry. Total factor productivity (TFP) increased by approximately 6%. vao w88 consolidated pre-tax profit margin reached around 27% on charter capital and approximately 14% on equity.
We successfully fulfilled our commitment to achieving vao w88 highest possible performance in a year marked by many major national and Group events: vao w88 95th anniversary of vao w88 founding of vao w88 Communist Party of Vietnam, vao w88 80th anniversary of vao w88 founding of vao w88 Socialist Republic of Vietnam, vao w88 50th anniversary of vao w88 liberation of vao w88 South and national reunification, vao w88 30th anniversary of vao w88 Group’s establishment, vao w88 year of vao w88 4th Congress of vao w88 Group’s Party Committee, and Party congresses at all levels toward vao w88 14th National Party Congress. vao w88 key lessons learned from 2025 can be summarized as follows:
- Monitor market developments and international trade policies, continuously forecasting and analyzing to identify narrow but viable paths in an uncertain market environment.
- Implement solutions decisively and at high speed, recognizing that their effectiveness often exists only within very short, temporary windows created by international and domestic trade policies.
- Years of persistent market diversification have significantly mitigated vao w88 negative impacts of new trade policies and vao w88 emerging post-2025 market order.
- Continuously innovate and establish effective governance models, enabling rapid responses to market fluctuations based on vao w88 digital transformation process and vao w88 growing coverage of shared application software across vao w88 Group. On that basis, train and develop staff to meet vao w88 requirements of modern models.
- Effectively promote enterprise linkages, continuously benchmarking management quality across vao w88 Group on vao w88 basis of transparent data, and driving collective progress through vao w88 activities of vao w88 Yarn and Garment Boards.
Alongside fostering vao w88 culture of solidarity, diligence, and thrift built by generations of Vinatex employees, continue to develop a culture of innovation, with scientific evaluation methods to ensure fair remuneration based on real contributions. Emphasize genuine innovation and practical action, and focus on eliminating bureaucracy, formalism, and superficiality in management from vao w88 Group level to grassroots units.
vao w88 year 2026 begins with a mix of positive signals and challenges. There is hope for vao w88 stabilization of vao w88 new tariff order, especially following agreements between vao w88 world’s two largest economies, which would help stabilize business sentiment and supply chain structures. Geopolitical conflicts show potential to end after nearly four years of instability, laying vao w88 groundwork for vao w88 recovery of global trade. However, overall global economic growth, particularly in key textile and garment consumption markets, is forecast to slow compared to 2025. Inflation risks may rise, especially in vao w88 U.S. market due to tariff policies. Bank interest rates at vao w88 end of 2025 show no clear signals of further cuts and may even increase. vao w88 baseline forecast for global textile and garment trade demand is only about 3% growth, with prices not increasing and possibly declining as new tariff costs are shared with consumers. Meanwhile, major textile- garment producers such as China and India have shown strong determination and supportive policies to regain market share lost in 2025, creating significant pressure on Vietnam’s Textile and Garment industry.
Domestically, 2025 marked vao w88 highest growth rate in vao w88 past decade, with Vietnam attracting FDI inflows among vao w88 best in vao w88 world and maintaining macroeconomic stability. However, this has created intense competition for labor, as many other industries have become more attractive. At vao w88 same time, increases in regional minimum wages, electricity prices, and signals of rising interest rates from late 2025 have added pressure to enterprise costs.
Despite both opportunities and challenges, together with vao w88 nation, Vinatex’s goal for 2026 is to contribute to national GDP growth of over 10%, with vao w88 following specific targets:
- Increase vao w88 trade surplus by over 10%, directly contributing 10% to national GDP growth.
- Achieve total factor productivity (TFP) growth of over 5%, nearly double vao w88 national average in 2025, through faster growth in revenue and capital than in labor.
- Increase hourly labor income by over 10%, also directly contributing 10% to national GDP growth.
- Improve efficiency growth by over 10%.
vao w88 Group has identified 2026 as vao w88 year of “overall efficiency across vao w88 entire Group,” focusing on improving vao w88 efficiency of all existing resources, including vao w88 utilization efficiency of fixed assets, working assets, market exploitation, and especially human resources, through higher-value products and smarter production organization.
To successfully implement vao w88 2026 theme, vao w88 following key solutions will be deployed:
- Screen out low-efficiency activities and those with declining competitiveness, gradually removing them from vao w88 Group’s value chain in vao w88 market.
- Focus on boosting efficiency in effective business areas, maximizing utilization to achieve better returns on assets, including both tangible and intangible assets such as technology, brand, and human resources.
- Continue to emphasize vao w88 quality of growth and vao w88 consistency of competitiveness and business efficiency across enterprises within vao w88 Group.
- Fundamentally establish digital management infrastructure for core enterprises, with real-time direct linkage to vao w88 Parent Company. Organize, operate, and effectively utilize a Group-wide digital business data center, conducting forecasting and governance solutions based on large, reliable data sources.
- Strengthen research and development of new products at strong units and vao w88 Parent Company to create breakthrough progress for vao w88 entire system.
- Innovate training activities in a modern, digitalized manner, while customizing them to vao w88 conditions of each enterprise. Foster a strong culture of continuous learning and innovation across vao w88 Group.
- Assign tasks to units using measurable KPIs, moving toward KPI-based responsibilities for middle management across vao w88 Group, and gradually implementing performance-based remuneration through quantitative indicators.
- Systematically organize timely and convenient risk management activities, emphasizing early and proactive prevention of business risks.
vao w88 year 2026 is vao w88 first year of implementing vao w88 Resolution of vao w88 14th National Party Congress and vao w88 2026–2030 five-year plan, with remarkably high and challenging goals. These are, however, vao w88 only viable choice to achieve truly sustainable development and to concretize vao w88 nation’s two centennial goals. vao w88 Group and all member enterprises must commit to fulfilling vao w88 objectives set with employees, shareholders, and regulatory authorities, based on vao w88 foundation of SELECTIVE INHERITANCE – INNOVATION– FLEXIBLE GOVERNANCE – ELITE HUMAN RESOURCES, to build a CIVILIZED – EFFICIENT – RESPONSIBLE Vinatex enterprise.
By: Dr. Le Tien Truong
Secretary of vao w88 Party Committee, Chairman of of Vinatex
