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

Apparel/Garments | On 29th May 2017

Christopher & Banks Corporation Q1 2017 sales down 11.5%

The net sales of Christopher & Banks Corporation for the first...

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search