Home / Knowledge / News / Apparel/Garments / Vietnam's HCM City plans to boost garment export
Vietnam's HCM City plans to boost garment export
06
Jul '13
HCM City administration is planning to double the export turnover of the garment and textile industry by 2015 over US$ 3.3 billion exports made in 2010.
 
The City authorities have asked garment manufacturers to boost production, enhance the quality of their products and explore new markets, according to Viet Nam News report.
 
A report released by the Thoi Bao Kinh Te (Vietnam Economic Times) says garment companies in HCM City have improved both the design and product quality by investing in advanced technologies during the recent years.
 
Many HCM City-based apparel companies, including Thai Tuan, Viet Thang, Ahn Phuoc, Phonog Phu and Viet Thy, have been able to increase their market share due to investment in latest production techniques.
 
The report says HCM City is also making a plan to reduce the garment and textile industry’s dependence on imported raw materials. 
 
For the purpose, a draft plan has already been prepared, which calls for more domestic production of materials used in the garment industry, including fabric and accessories like zippers.
 
The plan envisages raising the share of domestically produced raw materials for use in the garment industry from the present 45 percent to 65 percent by 2020.
 
The five-year plan drawn up for HCM City’s industry calls for setting up a design centre, a plant to manufacture machinery used in garment units, and a factory for production of accessories needed in the garment industry.
 
At present, there are over 5,400 clothing and textile manufacturing and trading firms operating in HCM City, that together employ around 306,000 workers.
 
In 2012, HCM City’s total exports crossed US$ 4.3 billion, growing at a year-on-year rate of 11.5 percent.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search