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Ninh Thuan sanctions plan for promoting craft industry
Dec '10
Aiming to boost the handicraft industry in the central province of Ninh Thuan so that it can attain a growth rate of 16 to 18 percent per annum, a handicraft industry and village development plan has been sanctioned.

The People's Committee of the central province has approved the plan. The plan intends to establish around three to five handicraft villages with two to three special items, in each of the town or district, by 2020.

The plan is intended at boosting the industry's earnings to VND660 billion that is US $33 million by 2015 and VND1.4 trillion that is $70 million by 2020, while generating around 12,000 new job opportunities in the industry by 2015 and 25,000 by 2020.

Also, the monthly per capita income is expected to rise to VND1.8-2 million that is $90-100 by 2015 and to VND2.8-3 million that is $140-150 by 2020.

As stated by the provincial authorities, the plan would facilitate promotion of social and economic growth; it would also prove useful in upholding the ethnic minority culture along with traditional festivals.

Ninh Thuan is also looking forward at devising policies dedicated towards the development of handicraft villages, training human resources and also developing infrastructure for villages and industrial clusters.

Meanwhile, it has also requested fund mobilization and trade promotion for expansion of the industry.

The plan is believed to require an investment of around VND2.4 trillion that is $120 million.

Fibre2fashion News Desk - India

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