Export companies like Vinatex, May Song Hong, Vinh Hoan, Sao Ta… enter the biggest trial phase of the year

The business results for Q3/2025 show that many export companies are affected by tariffs. Sao Ta recorded revenue of nearly VND 2,983 billion with a net profit of VND 112 billion, but also incurred many types of taxes. Vinh Hoan’s revenue for Q3 was VND 3,470 billion, with a profit of VND 455 billion, although its catfish exports to the US decreased. Nam Kim Steel and Thanh Cong Garment also faced challenges with decreased revenue and profit. However, Vinatex and May Song Hong reported higher profits due to increased export turnover and good management. Vinatex reported a 56% increase in Q3 profit, with revenue surpassing VND 5,000 billion for the first time. As we move to Q4/2025, orders for textiles into the US are showing signs of decline, although Thanh Cong Garment remains optimistic about current contracts. The seafood sector faces greater difficulties with unclear tariff impositions and competition from several countries. Companies are seeking to expand into new markets to mitigate risks.