Leading Southern Textile Company Recovers After Amazon’s “Punch”: Confident to Recover All Losses, Secures Large Contract for 82% Profit Increase

Gilimex JSC plans to achieve revenue of 1.2 trillion VND with an 82% increase in profit for 2025. Despite a 24% drop in revenue and a 92% decline in net profit in 2024, the company believes a new contract for plush toys will help restore profitability. Gilimex was severely affected when Amazon cut orders, leading to an 80% revenue decline. The company expects to recover losses from its lawsuit against Amazon in Q3 and plans to triple production capacity to meet customer needs. Additionally, Gilimex will invest in several new industrial parks in the North and Central regions, along with a proposed 10% cash dividend payout for 2024.