Thanh Cong Textile – Investment – Trading Joint Stock Company (TCM) held its annual general meeting on April 18, 2025, announcing a revenue target of VND 4,525 billion (up 19%) and a net profit of VND 279 billion. In Q1/2025, TCM recorded an 8% increase in revenue and a 25% increase in profit. The US market accounts for 30% of its export revenue, but TCM is less affected due to lower competition. The company is expanding into Japan, South Korea, and Europe. In 2024, TCM achieved a revenue of VND 3,810 billion (up 15%) and declared a 15% dividend. US customers did not react strongly to new tariffs, and revenue outlook remains positive. TCM has a closed production advantage, avoiding dependence on China. There is a need to develop higher-value products and apply new technology to remain competitive. TCM’s chairman is confident in regaining market share from China once the tariff war concludes.
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