Garment 10 Corporation targets a 7.4 per cent increase in revenue in 2025
Garment 10 Corporation targets a 7.4 per cent increase in revenue in 2025
Garment 10 Corporation (Garco 10) has set a goal of increasing by 7.4 per cent its revenue in 2025 to reach more than VNĐ5.05 trillion (US$198.4 million).
Production at Garment 10 Corporation. — VNA/VNS Photo Trần Việt |
The company also set a goal of generating profits of VNĐ135 billion, up by 2.3 per cent this year.
The company’s general director, Thân Đức Việt, said that Garco 10 will focus on promoting digital transformation, green transition and higher automation, while improving governance, hastening the product development to climb higher in the global value chain.
The company will also strengthen its brands in the global market, which include May 10, GrusZ and DeTHIA.
Garco 10, formerly known as Garment 10 Workshop, earned a revenue of nearly VNĐ4.7, 11 per cent higher than the plan and a pre-tax profit of VNĐ131.5 billion, 14 per cent higher, in 2024.
The overall garment and textile sector registered an export revenue of $44 billion in 2024, up by 11.26 per cent over 2023, with the industry set to hit $48 billion in export revenues this year.
