Home / Knowledge / News / Textiles / VINATEX aims to develop raw materials manufacturing plants
VINATEX aims to develop raw materials manufacturing plants
04
Feb '08
Vietnam National Textile and Apparel Group (VINATX) recently reported that it is financing a number of projects for the development of its local textile and garment products with special focus on polyester fibre and cotton planting areas.

According to Vu Duc Giang, General Director of VINATEX, such projects will satisfy large demands of raw materials, now, that the country presently relies heavily on imported sources.

This will also help to increase added–value in textile and garment products manufactured by the Group and Vietnam as well, according to a member official of VINATEX.

In regards to the fibre, VINATEX, at present is cooperating with Vietnam Gas and Petroleum Group – PetroVietnam to carry out several synthetic fibre plants, including a US $187.5 million PE fibre plant at Dung Quat Oil Refinery complex and a $125 million polyester plant at Dinh Vu industrial zone in Hai Phong city.

Besides, the Group is inviting foreign investors to build fibre manufacturing facilities in both Dong Nai and Binh Duong Provinces. It is expected that these projects would help the Group to supply around 15-20 percent of total polyester fibre required in industry by 2009 and up to 50 percent by the year 2012.

Further, VINATEX has been setting up cotton plantation areas in Central Provinces like Ninh Thuan, Binh Thuan, Quang Ngai and Dong Nai with a target to build up 45,000-50,000ha cotton planting area by 2010.

In 2007, the textile and garment industry of Vietnam earned US $7.8 billion through exports, representing a year–on–year growth of 32 percent. This particular sector, although being the largest foreign currency earner of the country, imported raw material worth $5.3 billion, for local textile and apparel production.

VINATEX is making all the efforts to reduce country's expenditure of importing raw materials for the manufacture of its finished goods.

Fibre2fashion News Desk - Vietnam


Must ReadView All

Egypt’s textile exports increase 3% in 10 months: TEC

Textiles | On 21st Nov 2017

Egypt’s textile exports increase 3% in 10 months: TEC

Exports by Egypt’s Textile Export Council (TEC) between January and...

UKFT turns sector skills body for UK fashion, textile sector

Textiles | On 21st Nov 2017

UKFT turns sector skills body for UK fashion, textile sector

The UK Fashion & Textile Association (UKFT) recently announced at a...

Pakistan’s textile exports up 7.72% in July-Oct ’17

Textiles | On 21st Nov 2017

Pakistan’s textile exports up 7.72% in July-Oct ’17

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Tony Ward
Tony Ward

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin
Chapurin

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

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

November 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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