Vinatex

What Vinatex does

Vinatex (Vietnam National Textile and Garment Group) is a state-owned Vietnamese enterprise that operates the country's largest vertically integrated textile and garment manufacturing platform. The group is publicly listed on Vietnam's UPCoM under ticker VGT and is headquartered in Hanoi at 524 Minh Khai, Hai Ba Trung District. Vinatex runs a complete supply chain spanning 12 yarn-spinning factories (1 million spindles producing TC, TR, CVC, cotton, and recycled yarn), 4 fabric factories (170 million square meters/year woven capacity and 25,000-35,000 tons/year knitted capacity), in-house dyeing and finishing using equipment from Germany (Mayer Karl, Terrot, Thies), Japan (Toyota, Fukuhara), Taiwan (Fukahama, Junlong), and Hong Kong (Fong's), and 17 garment corporations with hundreds of factories running more than 1,600 sewing lines and a combined design capacity of 420 million products per year.

The company serves international fashion brands and retailers — explicitly including Nike, Adidas, and H&M — through a B2B enterprise sales model anchored by the PD&B (Product Development and Business) Center, a 2,500 m2 one-stop service hub in Hanoi that handles material sourcing (with sustainability certifications across GOTS, GRS, OCS, RDS, RWS, Bluesign, Oeko-Tex, and HIGG Index), 3D virtual design, sample making, ISO 17025-capable testing, QC/QA, and delivery logistics. Pricing is custom and quote-based with multi-year contracts. The PD&B Building has achieved LOTUS Green Building Certification at Gold Level (-23% energy, -20% greenhouse effect), and Vinatex's sustainability positioning is a deliberate response to the 86 green criteria per order demanded by major international buyers.

Vinatex generates revenue primarily through manufacturing and export of yarn, fabric, and finished garments, with export turnover of nearly $1.5 billion in the first nine months of 2024 (up 7% YoY) and profit growth exceeding 70% in the same period. Vietnam's textile industry context — $39.7 billion in 2023 exports and a $44 billion 2024 national target — frames Vinatex as capturing roughly 4-5% of national export volume. Geographically, the company serves markets across North America, Europe, East Asia, and Oceania, with strategic partnerships including Vietnam Airlines, Vietcombank, Coats Group, and Itochu Corporation supporting logistics, finance, thread supply, and international trading respectively.

Name

Vinatex

Legal name

Vietnam National Textile and Garment Group (Vinatex)

Website

https://vinatex.com

Company type

Public

Operating status

Operating

Headcount range

101–250 employees

Short description

Vinatex (Vietnam National Textile and Garment Group) is a state-owned Vietnamese textile conglomerate operating the largest vertically integrated yarn-to-garment supply chain in Vietnam, serving international fashion brands including Nike, Adidas, and H&M through B2B manufacturing, sustainability-certified materials, and a one-stop PD&B service center.

Ownership category

akta.pro rank

Product category

Textile and Garment Manufacturing

NAICS

Apparel Accessories and Other Apparel Manufacturing (315990)

SIC

Apparel & Other Finishd Prods Of Fabrics & Similar Matl (2300), Broadwoven Fabric Mills, Cotton (2211)

akta.pro primary industry

Apparel Dyeing, Printing, Finishing & Laundries (CRAAAAAM)

akta.pro secondary industry

Wastewater, Chemical & Dyehouse Sustainability Solutions (ZLD/Treatment/Chemical Substitution) (IMAOAMAI)

Keywords

• Textile manufacturing
• Garment production
• Yarn spinning
• Woven fabrics
• Apparel supply chain

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Textile and Garment Manufacturing: Vinatex generates primary revenue through manufacturing and export of textiles and garments. The company operates a complete supply chain including yarn production, fabric manufacturing, dyeing and finishing, and garment production. Design capacity reaches 420 million products/year across 17 garment corporations with more than 1600 sewing lines.
2. PD&B Center Services: Revenue generated from comprehensive service offerings including business consultation, material sourcing, sample development, testing, quality control, and logistics coordination for international buyers seeking textile and garment production in Vietnam.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Vinatex (Vietnam National Textile and Garment Group) operates a fully integrated textile and garment manufacturing supply chain covering yarn spinning (12 factories, 1 million spindles), woven and knitted fabric production (4 factories), dyeing and finishing, and garment assembly (17 garment corporations, 1,600+ sewing lines, 420 million products/year design capacity). It complements manufacturing with a one-stop PD&B Center in Hanoi that provides consultation, 3D design, sampling, testing, quality control, and logistics services for international fashion brands sourcing production in Vietnam.

Product overview

Vinatex (Vietnam National Textile and Garment Group) is a comprehensive textile and garment conglomerate offering complete supply chain solutions from yarn production to finished garment products. The company operates through two main divisions: the yarn-fabric-garment production system (12 yarn factories with 1 million spindles, 4 fabric factories producing 170 million sqm/year woven and 25,000 tons/year knitted fabric, 17 garment corporations with 420 million products/year capacity) and the PD&B (Product Development & Business) Center providing one-stop services including 3D design, sample making, testing laboratory, quality control, and delivery. The product portfolio includes yarn products (TC, TR, CVC, cotton, recycled yarn), woven fabrics, knitted fabrics, and finished garments including company uniforms. Services are delivered through the PD&B hub and member factories across Vietnam.

Differentiator

Problem solved

Functional benefit

Products and services

• Yarn Products Spun yarn products including TC, TR, CVC blended yarn, cotton yarn, recycled yarn, twist cotton yarn, and carded and combed polyester yarn, produced across 12 factories with 1 million spindles capacity. Sold to textile mills and garment manufacturers as raw material input.
• Woven Fabrics Woven textile fabrics with design capacity of 170 million square meters per year, produced on weaving machines sourced from Germany (Mayer Karl, Terrot), Japan (Toyota, Fukuhara) and Taiwan (Fukahama, Junlong). Supplied to garment manufacturers and apparel brands.
• Knitted Fabrics Knitted textile fabrics with 25,000-35,000 tons per year production capacity, manufactured using advanced knitting technology from Europe, Taiwan, and Japan. Supplied to apparel brands and garment manufacturers.
• Finished Garment Products Completed garment products including corporate uniforms and apparel, with design capacity of 420 million products per year across 17 garment corporations and more than 1,600 sewing lines. Manufactured for international fashion brands and retailers.
• PD&B Center (Product Development & Business Hub) One-stop 2,500 m2 service center in Hanoi providing a complete solution to develop finished garments from design, sample making, quotation, bulk production with QC/QA at site, laboratory testing, to shipping. Serves international buyers seeking textile and garment production in Vietnam.
• Business Consultation Service Consultation service for partners exploring production expansion in Vietnam, covering business regulations, factory location selection, international trading terms, and utilization of Free Trade Agreements (CPTPP, FTAs) for preferential tariff treatment. Targeted at international buyers and brands.
• 3D Design Service Virtual garment design service creating and altering true-to-life 3D garments to perfect designs before production, reducing sample production, shipment, and material waste. Used by apparel brands developing new collections.
• Sample Making Service Full-equipped sample making service using Pegasus, Juki, and Brother machines at the PD&B building for highest quality and quick turnaround. Serves fashion brands requiring prototypes before bulk production.
• Testing Laboratory Service Physical and mechanical testing laboratory including dark room, condition room, and laundry room, with capability to be accredited to ISO 17025 standard. Used for textile and garment compliance testing by apparel buyers.
• Studio Service Standard and creative studios for creating lookbooks, new collection catalogues, and true color pictures of sample products. Targeted at fashion brands developing marketing assets.
• Library of Materials Service Material selection service providing variety of fabrics and trims to buyers with supplier traceability and sustainable certifications including GOTS, GRS, OCS, RDS, RWS, CDP, HIGG Index, Bluesign, and Oeko-Tex. Targeted at sustainable apparel brands.
• Quality Control (QC/QA) Service Quality control and assurance services for large quantity production, ensuring finished products meet customer specifications and standards. Targeted at international brands requiring consistent quality across bulk orders.
• Delivery Service Shipping services including ship schedule checking, delivery planning, and follow-through on delivery process to complete responsibilities per signed contract. Supports export logistics for international buyers.

Quantifiable outcome

• 420 million products/year design capacity across 17 garment corporations
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Vietnam AirlinesminorGTM or Marketing PartnerDisplayed as partner on Vinatex Partners page. Vietnam Airlines is Vietnam's national carrier and represents a strategic partnership for logistics and transportation services supporting Vinatex's export operations.
• ItochuminorStrategic or Co-development PartnerMajor Japanese trading corporation (Itochu Corporation) shown as partner, potentially involved in textile trading, sourcing, or investment activities supporting Vinatex's international operations.
• Hùng Nhơn GroupminorStrategic or Co-development PartnerHùng Nhơn Group has partnered with European corporations to support green supply chains and has implemented GlobalGAP standards since 2006, with wastewater and biogas systems. Referenced in sustainable finance conference context.
• Major International Fashion Brands (Nike, Adidas, H&M)coreChannel Partner/ Reseller/ DistributorMajor international brands requiring Vinatex suppliers to shift from coal or wood to electricity for boilers to meet green standards, with approximately 15% increase in production costs. These are key customers driving sustainable transformation.

Scale indicators16 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• TAL Apparel: TAL Apparel is a Hong Kong-based global garment manufacturer producing shirts and apparel for leading Western brands with extensive Asia production networks. Comparable to Vinatex in B2B garment manufacturing for international fashion brands across multiple Asian geographies.
• Crystal International Group: Crystal International is one of the world's largest apparel manufacturers producing garments for leading global brands across China, Vietnam, and other Asian geographies. Highly comparable to Vinatex in scale, customer base (major Western apparel brands), and vertically integrated garment manufacturing model.
• TNG Holdings Vietnam: TNG Holdings is one of Vietnam's largest publicly listed apparel manufacturers serving global fashion brands with vertically integrated sewing and garment production. Directly comparable to Vinatex in terms of customer base (Nike, Adidas, H&M-style global brands), Vietnam-based manufacturing footprint, and product focus on cut-and-sewn garments.
• Eclat Textile Co. Eclat Textile is a Taiwan-based performance and knitwear manufacturer supplying Nike, Under Armour, and other athletic brands. Comparable to Vinatex in fabric-and-garment integration for premium athletic apparel customers with sustainability requirements.
• Shenzhou International Group: Shenzhou International is the world's largest knitwear manufacturer supplying Nike, Adidas, Uniqlo, and other global brands from China and Vietnam. Comparable to Vinatex in serving the same global athletic and casual apparel brands with large-scale Asian production capacity.
• Pou Chen Corporation: Pou Chen is a Taiwan-listed global footwear and garment manufacturer serving Nike and other international brands with extensive Vietnam production capacity. Comparable to Vinatex in terms of Vietnam manufacturing scale, footwear/garment manufacturing, and major-brand customer concentration.
• Far Eastern New Century: Far Eastern New Century is a Taiwan-based vertically integrated polyester and textile conglomerate with polyester filament, fabric, and garment operations. Comparable to Vinatex in the vertical yarn-to-fabric-to-garment integration model supplying global apparel brands.
• Thanh Cong Textile Garment (TCM): Thanh Cong is a major Vietnam-listed textile and garment manufacturer producing yarn, fabric, and finished garments for international brands. Comparable to Vinatex as a Vietnam-based, vertically oriented textile exporter referenced in Vinatex's own deal data for recycled and eco-friendly products.

Others

• Li & Fung: Li & Fung is a Hong Kong-based global apparel sourcing and supply chain manager connecting Western brands with Asian manufacturers. Adjacent to Vinatex rather than directly competitive — Vinatex manufactures, Li & Fung sources and orchestrates supply chains across manufacturers.

Broad incumbents

• Hanesbrands: Hanesbrands is a US-based global apparel manufacturer and brand owner with significant Asia sourcing and manufacturing operations. Broadly comparable to Vinatex as a major apparel manufacturer, though operating its own consumer brands rather than serving purely as a B2B contract manufacturer.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xtwitter.com/erasvietnam
• LinkedInlinkedin.com/company/vinatex

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries26 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vinatex