Orders abundant, Viet Tien Garment needs 1,000 plus workers
Amidst difficulties for the textile industry, Ho Chi Minh City-based Viet Tien Garment Corporation is bucking the trend, looking to hire more than 1,000 workers to fulfil orders.
The need for workers was mentioned at a recent Ho Chi Minh City job fair by Ngo Thanh Phat, CEO of Viet Tien Garment. He said they needed sewing line managers, sample machinists and other workers with monthly wages of VND10-30 million ($410-1,240).

A retail outlet of Ho Chi Minh City-based Viet Tien Garment Corporation. Photo courtesy of the company.
The company has 20 factories across the country employing 31,000 people, he said, adding that the average income of workers at the company was VND11.5 million ($475), along with social insurance, health insurance, unemployment insurance and Tet (New Year holiday) bonuses.
Established in 1975, Viet Tien is a leading name in the Vietnamese garment industry. Headquartered in HCMC’s Tan Binh district, it is the owner of many famous fashion brands and a partner of many big international brands like Nike, Skechers, Converse and Uniqlo.
The company's net revenue in the third quarter of 2023 increased 18% year-on-year at more than VND2,264 billion ($93.55 million). Its net profit, however, went down 16% to VND50.77 billion ($2.01 million).
In the first nine months of 2023, the company recorded net revenues of VND6,389 billion ($264 million), an increase of 10% over the same period last year. Its after-tax profits of over VND126 billion ($5.2 million) marked a 9% year-on-year decrease.
In 2023, Viet Tien aims at revenues of VND8,030 billion ($331.8 million) and pre-tax profits of VND200 billion ($8.26 million), or 95% and 96% of its 2022 figures, respectively. The average income of workers for the year is estimated at VND11.5 million ($474) per person per month. By the end of the third quarter, the company’s revenue and pre-tax profit reached about 80% of the yearly plan.
On September 30, 2023, Viet Tien Garment's total assets value was VND5,276 billion ($218 million), down 8% from the beginning of the year. Inventories of over VND1,423 billion ($58.8 million), marked a decrease of 16%, while short-term receivables decreased slightly by 3% to VND1,412 billion ($58.35 million), including VND674 billion from Uniqlo Vietnam Co. Ltd.
Viet Tien Garment, registered on the Unlisted Public Companies Market (UPCoM) as VGG, closed Monday at VND35,200 ($1.45) per share.
According to Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association (VITAS), the textile and garment industry has faced many challenges this year due to the domestic and international economic situations, including high inflation in key markets such as the U.S. and Europe, which has resulted in decreasing purchasing power and orders, rising interest rates and exchange rate differences.
In the rather gloomy picture, there were still a few "bright spots" such as an increase in textile and garment exports to some markets like Japan, Australia, Russia and India. Besides, Vietnam’s textile enterprises have also shipped their products to a number of new markets in Africa and the Middle East. This has helped prevent the industry’s export turnover from falling deeply, Giang said.
The VITAS chairman asserted that despite the difficulties, the textile and garment industry is recovering.
Thanks to efforts by companies to boost business, the sector’s export value is expected at about $40.3 billion this year and $44 billion in 2024, up more than 9 % year-on-year, he said.
- Read More
Impact of US tariffs on Vietnam’s textile, clothing and footwear sector
The adjustments in the U.S. tariffs are poised to reshape Vietnam’s textile, clothing and footwear industry, prompting businesses to reassess their strategies and operations, write Assoc. Prof. Rajkishore Nayak and Corinna Joyce from the Fashion Enterprise program at RMIT University Vietnam.
Consulting - Thu, May 15, 2025 | 8:17 am GMT+7
Malaysia-EU FTA expected to promote ASEAN-EU ties
The EU is placing high expectations on the Free Trade Agreement (FTA) with Malaysia as a central pillar in its strategy to strengthen relations with the Association of Southeast Asian Nations (ASEAN) amid escalating global uncertainties.
Southeast Asia - Wed, May 14, 2025 | 10:17 pm GMT+7
Malaysia works hard to expand semiconductor ecosystem
Malaysia needs to broaden its manufacturing ecosystem beyond assembly lines and semiconductors to fully capitalize on foreign investments, towards becoming a more complete manufacturing hub.
Southeast Asia - Wed, May 14, 2025 | 10:14 pm GMT+7
Vietnam's Phu Quoc airport to undergo major upgrade ahead of APEC 2027
Phu Quoc International Airport in the southern province of Kien Giang will be expanded and upgraded to support local economic development, while ensuring transport infrastructure for hosting the 2027 APEC Economic Leaders' Week.
Travel - Wed, May 14, 2025 | 9:57 pm GMT+7
Banks cut staff, transaction branches amid accelerating digital transformation
A series of banks have announced plans to cut staff and transaction offices, setting off a wave of job losses in the banking industry that has been considered one of the hottest professions in recent years.
Companies - Wed, May 14, 2025 | 9:51 pm GMT+7
Malaysia’s maritime sector struggling due to new US tariff policy: expert
Malaysia’s maritime sector, particularly seaport transportation, faces mounting pressure from the U.S.’s tariff policy.
Southeast Asia - Wed, May 14, 2025 | 9:40 pm GMT+7
VinSpeed registers $60.24 bln investment for Vietnam's high-speed transnational railway
VinSpeed High-Speed Rail Investment and Development JSC, a subsidiary of private conglomerate Vingroup, on Wednesday announced its registration to invest in Vietnam’s North-South high-speed railway project.
Companies - Wed, May 14, 2025 | 9:24 pm GMT+7
Resolution 68: A new dawn for Vietnam’s private sector
Resolution 68, issued last week by the Politburo, Vietnam's highest decision-making body, is a landmark directive poised to redefine the landscape for private enterprises in the country. It outlines a clear vision for a rapidly developing, sustainable, and globally competitive private sector, write VinaCapital analysts.
Consulting - Wed, May 14, 2025 | 8:53 pm GMT+7
Vietnam’s dividend-paying stocks create buzz among investors
Cash dividend-paying stocks in Vietnam continue to capture attention from investors, particularly newcomers, to the stock market.
Finance - Wed, May 14, 2025 | 4:33 pm GMT+7
Bao Viet-led insurance consortium signs $2 bln deal with high-tech firm on healthcare projects
A consortium of insurers led by Bao Viet Insurance on Tuesday signed a framework agreement to provide comprehensive insurance services to Nhat Hai New Technology JSC (OIC New) for its healthcare projects during 2026-2036.
Finance - Wed, May 14, 2025 | 4:29 pm GMT+7
Northern Vietnam province seeks Korean law firm’s help to attract more investments
The Vinh Phuc People’s Committee has asked Lee & Ko, a leading South Korean law firm, to provide legal consultations to attract more Korean investors to the northern province.
Industries - Wed, May 14, 2025 | 1:36 pm GMT+7
Vietnam's major pharma firm DHG to pay 60% cash dividend
Hau Giang Pharmaceutical JSC (DHG Pharma), a leading pharma company in Vietnam, said it will pay a 60% cash dividend, equivalent to VND6,000 ($0.23) per share.
Companies - Wed, May 14, 2025 | 12:28 pm GMT+7
Vietnam's strategic positioning in a changing global landscape
Vietnam definitely needs foreign direct investment (FDI), but more importantly, it must cultivate internal strength, says Dr. Vu Thanh Tu Anh, a senior lecturer at the Fulbright School of Public Policy and Management.
Economy - Wed, May 14, 2025 | 12:22 pm GMT+7
Vietnam hopes for progress in US-China trade negotiations: PM
Vietnamese Prime Minister Pham Minh Chinh on Tuesday expressed his hope that the ongoing trade negotiations between the U.S. and China will make progress and result in mutually beneficial agreements - both in the short and long term.
Economy - Wed, May 14, 2025 | 11:50 am GMT+7
Malaysia’s Gamuda acquires prime land plot to develop high-rise project in northern Vietnam
Gamuda Berhad, a leading developer of Malaysia, has acquired a prime land plot in the northern port city of Hai Phong for $38.9 million, expanding its footprint in Vietnam.
Real Estate - Wed, May 14, 2025 | 11:10 am GMT+7
Promoting renewable energy transition: Vietnam proactively seeks technological, policy solutions
In the context that Vietnam is facing major challenges from climate change and increasing demand for electricity, the seminar "Renewable Energy Transition in Vietnam: Policy, Technology and Solutions" held on April 25 gained special attention from experts, businesses and policy makers.
Companies - Wed, May 14, 2025 | 10:00 am GMT+7