In the first quarter of 2022, Vietnam's textile and garment exports to markets reached 8.68 billion USD, up 20.3% over the same period last year. Many businesses have recorded positive growth in profits.
Many textile enterprises reported large profits. Illustration.
According to data from the General Department of Customs, textile and garment exports in the first quarter of 2022 reached US$8.68 billion, up 20.3% over the same period last year, equivalent to an increase of US$1.46 billion. This is the highest increase over the same period since 2012. Textile and garment is also the group of goods that contributed the most to export growth in the first quarter of the country, accounting for nearly 14% of the country's additional turnover.
In addition to textiles, two other important export groups of the country's textile and garment industry, fibers, yarns and drapery and technical fabrics, also saw positive growth. In which, exports of fiber and yarn reached US$1.45 billion, up 18.9% over the same period last year and the group of blinds and technical fabrics gained more than US$700 million, up 26.5%.
In the first quarter of 2022, the three main export groups of the textile and garment industry achieved an export value of 10.85 billion USD, equivalent to more than 25% of the export target set for the whole year of 2022, which is about approx. 42.5 - 43 billion USD.
The impressive growth of the textile and garment industry in the first quarter was also clearly reflected in the quarterly financial statements of most of the enterprises in this industry, when revenue and profit grew quite high compared to the same period last year. year 2021.
The "big guys" in the textile and garment industry make great profits
In the first quarter of 2022, Vietnam National Textile and Garment Group (Vinatex, code VGT) recorded a total consolidated net revenue of nearly 4,900 billion VND, an increase of more than 45% compared to the same period last year. Vinatex's profit after tax (NPAT) reached nearly VND 329 billion, up 64% over the same period, equaling 36.5% of the whole year plan. In which, the yarn industry increased by 139% and the garment industry increased by 167% over the same period.
According to Vinatex, the reason the yarn and garment industries had high growth in the first quarter of 2022 is because the epidemic situation has been well controlled, while the orders have been signed since 2021. With the yarn industry, the orders The company still makes good use of opportunities from the market, cotton prices are good because there is a hoarding from 2021. For the garment industry, the labor situation is stable because the epidemic has been basically controlled, orders are closed, even there are Many units have signed orders until the third quarter of 2022.
Statistics show that the average revenue of the units in the garment industry system of Vinatex in the southern region has increased by an average of 1.2 - 1.5 times, especially one unit has increased by 2 times in revenue over the same period. . Specifically, revenue in the first quarter of Viet Tien Corporation (VGG) increased by 10%, Nha Be Corporation increased by 20%, Dong Nai Garment's revenue increased by 100%, Southern Corporation's revenue increased by 100%; Vinatex Investment and Development JSC, revenue increased by 70% compared to the first quarter of 2021…
Vietnam's textile and garment export turnover in the first quarter of 2022. GSO source.
Similar to Vinatex, TNG Trading and Investment Joint Stock Company (code TNG) also recorded double-digit growth in revenue and profit in the first quarter. Accordingly, the company recorded net revenue of VND 1,260 billion and EAT of 38. VND 4 billion, up 38.3% and 73.7% respectively over the same period last year.
In 2022, TNG sets a target of revenue of VND 5,990 billion, EAT of VND 279 billion; respectively, increased by 10% and 20.2% compared to the implementation of 2021. Thus, by the end of the first quarter, the company has achieved 21% of the year's revenue target and 13.6% of the year's profit target.
Meanwhile, in the first 3 months of the year, Thanh Thanh Textile and Garment Investment and Trade Joint Stock Company (TCM) achieved net revenue of 1,222 billion VND, up 29.2% over the same period last year; EAT reached VND 73.7 billion, up 18.3% over the same period.
In 2022, TCM sets a revenue target of nearly VND 4,183 billion and expected EAT at VND 253.8 billion. Currently, TCM has received orders until the third quarter of 2022 and is preparing to receive orders for the fourth quarter of 2022.
At Binh Thanh Production, Trading and Import-Export Joint Stock Company (code GIL), in the first quarter, the company achieved net revenue of VND 1,417 billion and EAT of more than VND 107 billion, up 64% and 50.6% respectively over the same period. period.
Challenges and difficulties for the textile industry
According to the assessment of the Ministry of Industry and Trade, in 2022, textile and garment enterprises may still face many challenges such as raw material costs (yarn prices) and international shipping costs are forecasted to continue to increase or at a high level for at least the first half of 2022. In addition, the cost of epidemic prevention in the production process is still a burden for businesses.
Besides, although the order structure of 2022 has changed compared to 2021, knitted orders are more. While many businesses in the industry currently have orders until the second and third quarters of 2022, it is not possible to predict what the market will be like after that because it depends a lot on the epidemic situation.
In addition, according to experts, although the textile and garment market has prospered, many competitors of Vietnam's textile and apparel industry such as China, Bangladesh, India, etc. have also accelerated and made many efforts to make up for the shortfalls. on turnover in 2021.
In addition, the Ministry of Industry and Trade said that the majority of businesses in the supply chain of the textile and garment industry that process for major brands in the world have received the requirements of "greening in production" such as performing their responsibilities. social, environmental and emission reduction. These are also criteria to evaluate competitiveness when participating in international supply chains.
The Ministry of Industry and Trade also pointed out that the biggest barrier for businesses today is the large investment in machinery and technology. However, it is not because it is difficult to stop, because if you lose customers, businesses will not be able to maintain operations. Therefore, the transformation towards "greening" is an urgent issue for businesses.
Đông Bắc
https://doanhnhanvn.vn/xuat-khau-det-may-viet-nam-dat-8-86-ty-usd.html
doanhnhanvn
