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Vietnam to set large textile and garment industrial zones

Even though Vietnam’s textile and garment exports showed growth in the first half of this year, local firms are facing difficulties in obtaining production and export contracts for the second half of 2016, says the country’s Ministry of Industry and Trade (MoIT). To support local firms, the ministry has proposed the development of large textile and garment industrial zones on 500 – 1000 hectare of land to attract local and foreign investment in dyeing, and fabric and yarn production. The ministry has also proposed the government provide full support for the building of textile and garment industrial zones located in provinces and cities experiencing socio economic difficulties, in order to create conditions for the success of small and medium startups enterprises, according to the ministry.

The proposal also targets the development of transport infrastructure connecting large industrial zones to ports and logistic centres to reduce transportation costs. The Vietnam Textile and Apparel Association (VITAS), that sent a document to the Government detailing the difficulties of textile and garment enterprises and proposed solutions, supports the plan of Industrial zones (IZ) plan mooted by MoIT.

To this, VITAS suggested that the Government should provide credit for enterprises to build waste water treatment centres at those industrial zones. According to a ministry report, export showed a six per cent increase in the first half of this year to $12.8 billion. The industry also saw growth in the export value to its major markets including the US, increasing by 5.9 per cent to $4.29 billion; Japan with an increase of 2.9 per cent to $1.04 billion and South Korea with exports 15.58 per cent higher at $764.9 million.

 

 
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