Up to now, the number of workers who have returned to work has reached about 98-99% compared to the time before Lunar New Year.

Garment production export activities at Garment 10 Joint Stock Company.

This provides a source of encouragement and is a valuable asset for enterprises in promoting production towards soon completing the target of achieving an export turnover of 47-48 billion USD, an increase of nearly 11% compared to 2024 set by the industry.

Exciting production competition

According to Than Duc Viet, General Director of Garment 10 Joint Stock Company, the textile and garment industry faced many difficulties and challenges in 2024 due to market fluctuations and geopolitical conflicts in some countries around the world, pushing up raw material prices and transportation costs.

With the efforts of the entire system to overcome difficulties, the company “reached the finish line” with revenue reaching nearly 4.7 trillion VND, up 11% compared to the plan and up 10% compared to 2023; pre-tax profit reached 131.5 billion VND, up 14% compared to the plan and up 7% compared to 2023; and average income reached nearly 10.1 million VND/person/month, up 5% compared to the plan and up 8% compared to 2023.

In addition to production and business activities, the work of caring for the life, material and spiritual needs of workers continued to be promoted, bringing practical results, thereby contributing to motivating workers to produce and promote technical innovation initiatives.

Viet added that many activities to support workers in difficult circumstances were carried out by the company and the trade union organisations. During Lunar New Year, 385 workers were given gifts by the Vietnam Textile and Garment Trade Union, the Red Cross Society and the Garment 10 Trade Union, worth a total of 317.6 million VND; the Red Cross Society and the Garment 10 Trade Union supported and gave gifts to 213 workers, and offered 100% car rental support for 176 workers and their families, including students, to return home for Tet, etc.

In addition, the government and the trade union organisation also gave health insurance cards for 2025 to relatives of workers in difficult circumstances, thereby helping workers feel secure in their work.

At Hung Yen Garment, Nguyen Xuan Duong, Chairman of the Board of Directors of the company, said that the average income of the company’s employees reached about 12 million VND/person/month in 2024, increasing income by about 8%/year this will reaching about 20 million VND/person/month by 2030.

In 2025, Hung Yen Garment is aims to have total revenue of around 616 billion VND, with pre-tax profit of 60 billion VND. Therefore, more than 14,000 employees have returned to work right after the Tet holidays.

Similarly, Director of Hoa Xa Fiber Factory Tran Thi Huyen said that more than 200 officials and employees of the factory have returned to work with efforts to compete in innovation and creativity and constantly learn to improve with new ways of working and new production methods.

Be proactive in facing opportunities

According to forecasts, 2025 will still have many challenges for the textile and garment industry. Vietnam’s economy is expected to maintain stable growth; the US’ additional tariffs will make textile and garment orders from China more expensive than usual, and this is a good opportunity for competitive countries, including Vietnam, to take the lead in shifting orders if they comply well with origin requirements.

Hoang Manh Cam, Deputy Chief of Office of the Board of Directors of Vietnam National Textile and Garment Group (Vinatex), said that Vietnam is the country with the fastest growth rate among textile and garment exporting countries — at more than 10% — while India increased by about 7%, China in the first 11 months of 2024 increased by about 0.2%; Bangladesh decreased by about 3.7%; and Turkey increased by less than 5%.

Vinatex has forecast that in the first six months of 2025, the textile and garment industry will grow better as major markets such as the US and EU recover.

Therefore, businesses need to proactively use resources as well as invest in modern equipment to boost production and export of goods in order to soon complete growth milestones as planned.

According to Vinatex General Director Cao Huu Hieu, the world textile and garment market has begun to recover since mid-2024, when major central banks such as the Fed and ECB cut operating interest rates, and employment and people’s incomes have improved.

It is estimated that, the total world textile and garment demand in 2024 reached about 794 billion USD, an increase of nearly 3% compared to 2023 but still 8% lower than in 2022.

For the Vietnamese textile and garment industry, although the market improved in the first six months of 2024, it was still a quiet and difficult period compared to 2023; in the last six months of the year, orders to Vietnam increased dramatically due to unexpected political fluctuations in competing countries.

In the first months of 2025, the Vietnamese textile and garment industry will continue to maintain its growth momentum with abundant orders, ensuring stable jobs for workers.

However, businesses need to develop solutions to be proactive in the face of opportunities as well as unpredictable changes in the market.

In 2025, Vinatex General Director Cao Huu Hieu said that Vinatex will strive for sustainable development regarding all four pillars: environment, society, governance, and finance (ESGF).

It also aims to have a solid position in the global textile and garment supply chain, and possess its own competitive strengths through the application of new technology and special products, etc.

In particular, the company will accelerate the pace of innovation in management methods through digital transformation and applying the best corporate governance models in the group to all businesses as well as researching and developing new products, niche markets, creating unique values ​​beyond conventional textile and garment production, as well as apply automation technology and artificial intelligence to reduce dependence on labour, bringing the value of a worker in the textile and garment industry in line with the progress of the national economy, etc.