He believes that paying taxes is not merely about complying with the law, but also a way for entrepreneurs to demonstrate their responsibility and gratitude toward the country. Tax transparency does not weaken a business; rather, it serves as a foundation for building trust with international partners.

Nguyen Huu Phai inspects the production line.

Many businesses still consider taxes as an expense that needs to be reduced. What is your view on this matter?

The difference lies in the way we perceive it. Many people regard taxes as a cost, while I see them as a responsibility of the business. When a company grows thanks to a stable environment, transparent policies, and the support of the State, fulfilling tax obligations is only natural.

Transparency does not make a business weaker; instead, it provides a foundation for building trust with regulatory authorities, financial institutions, and especially international partners.

In export activities, particularly in demanding markets, transparency is always a competitive advantage.

Each year, BGG contributes more than 20 billion VND (761,136 USD) to the state budget. I personally also fully fulfill my obligations regarding personal income tax and taxes on dividend income, averaging more than 1 billion VND annually.

I believe that paying taxes is also an investment in the reputation and brand value of the business. For many consecutive years, both the company and I have been recognised by tax authorities for fulfilling tax obligations.

This is a source of pride and motivation for the company to continue maintaining the principle of transparency in its production and business operations.

To remain competitive in demanding garment export markets such as the US and the EU, what development strategy has the company pursued?

We have gradually become more proactive, from securing raw materials to developing our own designs and building a brand toward “greening” our factories to meet international standards.

When products have high intellectual content and are more environmentally friendly, export value increases and the business can achieve better profitability.

In addition, the company has made significant investment in technology. To date, 50% of garment production processes for export products have been automated.

An export garment production workshop of Bac Giang Garment Corporation Joint Stock Company.

We also regularly update new techniques and encourage employees to develop initiatives to improve productivity and product quality. These efforts have helped the firm maintain its markets, achieve stable growth, and make more contributions to the state budget.

A business must both fulfill its tax obligations and take care of thousands of employees. This is a challenging task. How has your company addressed this issue?

These two objectives are not contradictory but complement each other. A business that operates effectively and generates profits can both fulfill its tax obligations and provide better care for its employees.

BGG identifies ensuring employees’ rights and fulfilling tax obligations as two of the company’s key priorities.

Currently, the company provides stable employment for more than 2,500 workers, with an average income of about 12 million VND per person per month.

Management staff earn between 30–40 million VND per month. In addition, salary, bonus, and welfare policies are fully ensured.

Taking good care of employees’ lives helps them feel secure and remain committed to the company. Working with a high sense of responsibility enables the business to achieve more sustainable development.

This is also the foundation that allows BGG to better support its employees while fully fulfilling its responsibilities toward the State and society.

Thank you very much!

Vietnam's textile, garment exports rise 1.7% in first half of 2026

The association said exports of fibres, fabrics, accessories and nonwoven materials recorded solid growth of between 5.6% and 10.6% during the period. However, garment exports slipped 0.4% as consumer demand in key markets remained weak.

Vietnam garment firms secure orders through Q1

Market analysts said that although global demand remains relatively stable, the sector continues to struggle with higher input costs, including wages and logistics, while selling prices remain under pressure due to weak bargaining power.

 

Vietnam’s garment-textile sector makes strong inroads into Canadian market

At the international textile and apparel exhibition held in Toronto in 2025, products from two Vietnamese firms – Bao Minh Textile JSC and Viet Hong Textile Dyeing JSC – attracted considerable interest from Canadian and North American buyers. Viet Hong showcased its signature denim fabrics, while Bao Minh focused on mid- to high-end yarn and fabric products produced through a fully integrated manufacturing chain.

 

Textile, garment industry secures role in global supply chain

By diversifying markets, products and customers, the sector has mitigated risks and responded proactively to market fluctuations, despite numerous challenges such as disrupted supply chains, rising shipping costs, and rapidly changing purchasing policies in many markets.

 

Garment industry diversifies markets to weather global volatility

The sector is striving to generate 46 billion USD in export revenue this year. Although the figure falls short of the 48 billion USD target, it still represents a 5.6% year-on-year increase, helping Vietnam maintain its position among the world’s top three textile and garment producers.