The Vietnam Textile and Garment Group (Vinatex) held a Market Workshop to build scenarios for implementing action programs amid new tax impositions from the US. After the delay in tax implementation was announced on April 10, many customers accelerated production and delivery within the next 90 days. Vinatex and its member businesses are seeking responsive solutions, including negotiating with customers, optimizing production management, and increasing the use of American cotton to meet origin requirements. Despite current declines in both price and demand in the yarn market, garment enterprises maintain orders through the second quarter of 2025. Vinatex Chairman Le Tien Truong noted that while high taxes may affect demand in the US, the flexibility of government tax policy offers hope for businesses. In Q1, Vinatex recorded a revenue of 4.417 trillion VND, equivalent to 24.1% of the annual plan.
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