Vietnam’s textile and garment industry remains vital to its economy, with exports reaching $40.3 billion in 2023 and growing 6.3% to $20.3 billion by July 2024. Employing over 2.5 million workers, the sector accounts for 25% of the industrial workforce and supports rural and urban livelihoods. Key advantages include a skilled labor force, trade agreements like CPTPP and EVFTA, and integration into global supply chains. However, rising labor costs, reliance on imported raw materials, and increasing sustainability demands are reshaping the industry.

Thanh Cong Textile Garment Investment Trading JSC (TCM), founded in 1976, exemplifies Vietnam’s manufacturing strength. As a fully vertically integrated company, TCM ensures cost efficiency, consistent quality, and timely delivery. It has embraced sustainability with recycled fibers, organic cotton, and renewable energy, earning certifications like OEKO-TEX to attract eco-conscious buyers.

Using Porter’s Five Forces framework, this analysis highlights high entry barriers, strong buyer power, and intense competition. TCM’s focus on innovation, sustainability, and high-value products positions it to capitalize on emerging markets, automation, and green initiatives. Its forward-thinking approach reflects Vietnam’s broader resilience and potential in the global textile industry.