Message from Vinatex’s Chairman
Dear Shareholders, Customers, Partners!
Vietnam National Textile and Garment Group (Vinatex) is at the milestone of 30 years of formation and development. After nearly 3 decades of persistently building a brand and reputation, Vinatex has gathered comprehensive strength to overcome difficulties and challenges and open a new journey with the Strategy: “One stop shop to provide complete solution for green fashion”
We have passed the “test” of the Covid-19 pandemic, the RussianUkrainian geopolitical crisis, high inflation, and a stagnation of the world economy to get the consolidated profit margin on charter capital up to the highest level, over 26% in 2021 and 2022 from less than 10% before 2015. Consolidated profit margin on revenue improved from 3.5% in 2015- 2020 to 8.5% in 2021. In 2022, average income of employees reached nearly 9.7 million VND/person/month, an increase of 15% compared to 2021, reaching the highest level increase from 2015 to present.
This achievement is due to Vinatex’s methodical planning of the development strategies of the Group controls; the ability to forecast, measure risks and market movements with high reliability; flexible response on the basis of improved competitiveness
With more than 30 affiliates and subsidairies which are good enterprises in Vietnam’s textile and garment industry, converging more than 65,000 direct workers with modern production capacity and scale in all fields from yarn spinning, weaving/knitting dyeing finishing and garment making, Vinatex strives to create a new shape, an effective business model that brings longterm benefits to shareholders, partners, customers and society on the basis of Vinatex‘s culture and tradition.
In order to continue to take faster and stronger steps in the future, there are 5 solutions throughout Vinatex’s direction for all members in the Group, which are:
*Being persistent in the goal of participating in the supply chain with a strong position, being the priority/preferred partner of major manufacturers – distributors in the world. This is a long-term solution to build trust on the basis of the strength of the business, the ability to bring optimal efficiency to the entire chain which Is the only way for the sustainable development of enterprises.
* Being persistent in building within the Group the strategic goal of “One-stop destination to provide comprehensive solution for textiles and green fashion”. This is a qualitative change so that the Group is not only a member of a supply chain but also a supply chain with complete production, which is able to confidently connect with designers and distributors worldwide bridge.
*Being persistent in implementing environmental, social and governance (ESG) commitments and initiatives, both following the business plan and prioritizing the requirements of the global supply chain. Building competitiveness by corporate image responsible to all consumers and the. Focusing on green targets, clean production, raw materials, and recycled products.
* Persevering in continuously forecasting and providing solutions to adapt to the uncertain market, focusing on solutions to conserve business resources to overcome many difficult business years, especially high quality human resources and finance.
* Persistence in training staff to meet new requirements of the market and technology. Taking human resources as a breakthrough factor in order to growth in productivity and development process. At the same time, restructuring the work system, increasing the attractiveness and flexibility, coupled with income improvement to meet the better requirements of high-quality labor resources.
* Consistently building trust, at the same time taking opportunities, approaching science and creativity to bring Vinatex’s image away from a labor-intensive Group, mainly contributing to social security, and low economic efficiency to a Group with both social and financial efficiency, and global competitiveness.
On behalf of the Board of Directors and Board of Management of Vinatex, I would like to express my sincere thanks and deep gratitude for your interest in Vietnam National Textile and Garment Group. Hopefully in the future, we will have the opportunity to cooperate and accompany you.
Wishing you health, happiness and success!