(Photo: VOV)

A representative of the Hung Yen Garment Corporation Joint Stock Company says the company expects the market to improve in the third quarter. In the fourth quarter, the company will be working with its partners to fulfil orders. The company’s revenue growth in 2024 is expected to exceed 5% and its pre-tax profit will hit its 15% growth target.

The Hoa Tho Textile and Garment Joint Stock Corporation in Da Nang recorded better performance in the first half of the year, with consolidated revenue estimated to be 51% of the year’s plan, and an export turnover of 113 million USD equaling 46% of the year’s plan.

According to the Ministry of Industry and Trade, in the first half of the year, the garment and textile sector's exports totaled 19.5 billion USD. Despite a recovery from last year, the garment and textile sector is struggling to reach its export target of 44 billion USD for this year.