[16] In 2021, Vietnam National Textile and Garment Group (Vinatex) achieved a revenue of over 16,100 billion VND, an increase of 15.7% compared to the same period in 2020.

[18][19][20] Vinatex is currently in a process of decentralizing its production away from major industrial cities to take advantage of lower wages and cheaper land in the provinces.

[22] It announced a strategy to move production closer to the home provinces of its workforces in July 2011 to respond to high costs of labour and land in the main industrial centres of Ho Chi Minh City and Hanoi.

[21] As part of this strategy Vinatex also acquired Đại Cát Tường, a formerly loss-making textile manufacturer in Quảng Ngãi Province.

[23] Vinatex set up a joint-venture with PetroVietnam (PetroVietnam-Vinatex Dinh Vu Joint Stock Company (PVTex)) to build Vietnam's first polyester fiber plant.