VIET TIEN GARMENT CORPORATION

VIET TIEN GARMENT CORPORATION (Business ID: 0300401524) is one of Vietnam’s most prominent players in the textile and garment industry. Founded officially as a joint stock company on January 2, 2008, and operating under the trade name VTEC CORP, it is publicly listed with the stock symbol VGG on Vietnam's UPCOM exchange. Its headquarters is located at No. 7, Le Minh Xuan Street, Ward 7, Tan Binh District, Ho Chi Minh City, and it maintains multiple branches in Hanoi and Ho Chi Minh City to support its growing domestic and international operations. With a workforce of 4,275 employees, Viet Tien has built a strong reputation for manufacturing and trading garment products for both local and export markets.

According to the latest Company Report compiled by Vanguard Business Information LLC (VBI), VIET TIEN GARMENT CORPORATION posted robust financial figures in 2024. The company’s total assets reached USD 217.34 million, reflecting a 6.65% year-over-year increase. Total sales surged by 13.33% to USD 400.69 million, while net profit nearly doubled, rising by 89.55% to USD 14.89 million. Owner's equity stood at USD 89.49 million, an 8.74% growth compared to the previous year, indicating solid financial resilience and operational effectiveness. The ownership structure reveals Vietnam National Textile and Garment Group (Vinatex) as the largest shareholder, holding 30.4%, alongside other investors such as Xuan Hong Investment and South Island Garment Sdn. Bhd., demonstrating a blend of domestic and foreign investment confidence.

The company is currently chaired by Mr. Vu Duc Giang, a well-known figure in Vietnam's textile sector, with Mr. Bui Van Tien serving as General Director and Mr. Phan Van Kiet as Deputy General Director. These key executives, verified through Business Verification Services from VBI, have been pivotal in leading Viet Tien's expansion into new markets and reinforcing its brand internationally.

However, the promising outlook for Viet Tien and Vietnam’s garment industry at large faces growing uncertainty due to the recently announced Trump administration’s tariff policy. Under the latest proposals, higher tariffs could be imposed not just on China but also on countries like Vietnam, which have rapidly expanded their exports to the U.S. This development is particularly concerning for the Vietnamese textile and garment sector, where the U.S. remains a major market. Companies like Viet Tien, despite their current financial strength, may soon experience pressure from rising trade barriers, increased competition, and shifting global supply chains. Risk assessment and adaptation strategies will be critical, and stakeholders are advised to continuously monitor developments through updated Company Reports, Financial Data, and Risk Management evaluations offered by trusted providers like Vanguard Business Information LLC (VBI).