Top 5 largest textile & garment companies in Vietnam

This article delves into the profiles of the five largest textile and garment companies in Vietnam, their market positions, and their financial performance in 2023.

1. Vinatex (Vietnam National Textile and Garment Group)

Established in 1995, Vinatex stands as the largest textile and garment corporation in Vietnam. It is a state-owned enterprise that operates an extensive network of subsidiaries and affiliates, covering the entire textile and garment supply chain, from yarn production to finished apparel. Vinatex's integrated model ensures high efficiency and quality control across all production stages.

Vinatex's dominant market position is underscored by its substantial domestic market share and its role as a key exporter. The company's products reach a wide range of international markets, including the USA, EU, Japan, and South Korea. Vinatex's commitment to innovation and sustainability has further solidified its reputation as a leader in the industry.

Revenue and profit in 2023

• Revenue: USD 668.6 million
• Profit: USD 14.8 million

Vinatex has invested heavily in modernizing its production facilities and adopting sustainable practices. The company has also expanded its product range to include eco-friendly fabrics and garments, catering to the growing global demand for sustainable fashion.

Company report

For a comprehensive analysis of Vinatex's financial health, market strategy, and future outlook, our detailed company report is available through Vietnam Business Information. This report provides valuable insights into the company's operations, competitive landscape, and growth prospects.

2. Viettien General Garment JSC

Founded in 1975, Viettien is renowned for its high-quality, stylish garments. The company has a wide product range, including men's and women's apparel, uniforms, and accessories. Viettien's commitment to quality and innovation has made it a preferred choice for both domestic and international customers.

Viettien is a dominant force in both the domestic and export markets, with products reaching over 60 countries worldwide. The company's strong brand image and extensive distribution network have contributed to its market leadership.

Revenue and profit in 2023

• Revenue: USD 315.4 million
• Profit: USD 7.8 million

Viettien is focused on expanding its market reach and enhancing its product offerings. The company has been investing in research and development to create innovative, high-quality products that meet evolving consumer preferences.

Company report

To gain a deeper understanding of Viettien’s strategic direction and market performance, check out our comprehensive report which covers Viettien's financial health, market strategies, and future outlook.

3. TNG Investment and Trading Joint Stock Company

Founded in 1979, TNG specializes in producing garments for export, focusing on high-quality, fashion-forward apparel. The company has established a strong presence in the international market, thanks to its commitment to quality and customer satisfaction.

TNG is a key player in the global garment supply chain, with major clients including international brands from Europe and North America. The company's ability to meet stringent quality standards and deliver on time has earned it a reputation as a reliable supplier.

Revenue and profit in 2023

• Revenue: USD 278 million
• Profit: USD 12.1 million

TNG has been actively expanding its production capacity and diversifying its product offerings. The company has also embraced digital transformation, implementing advanced technologies to enhance efficiency and reduce production costs.

Company report

Access the full report on TNG to explore its market performance, strategic initiatives, and financials through Vietnam Business Information. This report offers detailed information on TNG's operations, market strategies, and competitive positioning.

4. Garment 10 Corporation (Garco 10)

Established in 1946, Garco 10 is one of the oldest and most reputable garment companies in Vietnam. The company produces a wide range of garments, including suits, shirts, and casual wear. Over the decades, Garco 10 has built a strong brand image, synonymous with quality and craftsmanship.

Garco 10 has a robust domestic market presence and a significant export footprint, especially in the USA, Japan, and the EU. The company's long-standing relationships with international clients are a testament to its reliability and quality.

Revenue and profit in 2023

• Revenue: USD 162.6 million
• Profit: USD 17.1 million

Garco 10 has been focusing on enhancing its production capabilities and expanding its product range. The company is also investing in sustainable production practices, aligning with global trends towards eco-friendly and socially responsible manufacturing.

Company report

Our in-depth company report on Garco 10, available via Vietnam Business Information, provides detailed insights into its operations, financial performance, and competitive positioning. This report is an invaluable resource for understanding Garco 10's market dynamics and strategic direction.

5. Saigon 3 Garment Joint Stock Company

Established in 1989, Saigon 3 specializes in the production of high-end jeans and casual wear, primarily for export. The company's focus on quality and innovation has made it a leading player in the global garment market.

Saigon 3 is a leading exporter to the USA, EU, and Japan, known for its innovative designs and high-quality products. The company's ability to adapt to changing market trends and consumer preferences has been key to its success.

Revenue and Profit in 2023: see our company report

Saigon 3 is dedicated to enhancing its production capabilities and expanding its product range. The company is also investing in sustainable production practices, reflecting its commitment to environmental responsibility.

Each of these companies represents the strength and diversity of Vietnam’s textile and garment industry. For further insights, Vietnam Business Information provides exhaustive reports on these companies, covering their financial performance, strategic initiatives, and market positioning. Accessing these reports will offer you a comprehensive understanding of the key players shaping this dynamic industry.

Vietnam Business Information