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HCMC to become Vietnam's leading garment & textile center
07
Nov '14
The Ho Chi Minh City (HCMC) would soon turn into Vietnam’s leading garment and textile industrial sector and is expected to support the garment and textile services in the southern region of the country, according to the plan announced by Ho Chi Minh City Department of Industry and Trade, SGGP reported.

According to the plan, by 2020, HCMC’s garment and textile industry is expected to turn into the fashion center of Vietnam. By 2015, revenue in the garment and textile industry is expected to reach VND 37,850 billion, 1.5 times higher than the revenue generated in 2010. This figure will continue increasing after 2015 to hit VND 47,670 billion by 2020.

HCMC will have six fibre plants producing 150,000 tons by 2015 and seven plants making 200,000 tons by 2020. The city will set up three textile plants with capacity of 500 million meter fabric in 2015. This number will increase to five plants in 2020, according to the development plans.

Dyeing establishments will be removed out of the inner city to relocate in the industrial zones. Material production for the garment and textile industry will move in industrial zones.

HCMC will work on the policies on training engineers, technicians and designers for the industry development, according to the HCMC Department of Industry and Trade. (GK)

Fibre2fashion News Desk - India

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