Home / Knowledge / News / Textiles / Prepare development strategy to 2025: VITAS tells govt
Prepare development strategy to 2025: VITAS tells govt
25
Aug '16
The Vietnam Textile and Garment Association (VITAS) has urged the government to prepare a development strategy to 2025 with a vision towards 2040, as the present plan has become obsolete. The association has also asked the government to group textile and garment enterprises in concentrated industrial parks to attract domestic and foreign capital.

The Vietnamese government had last prepared a development strategy to 2010 with vision towards 2030. This plan targeted Vietnamese textile and apparel exports to cross $20 billion by 2020, but the country's exports have already surpassed this target by fetching around $27 billion in 2015.

The grouping of textile and garment industrial parks at one place would facilitate wastewater treatment, which is important for the industry's sustainability and environment protection, VITAS chairman Vu Duc Giang said, according to a news agency report.

The present textile and garment industrial zones in northern provinces of Nam Dinh, Thai Binh and Hung Yen and two southern provinces of Binh Buong and Dong Nai are spread over a few hundred hectares each. Increasing the area for setting up of textile and apparel industrial zones to 500-1,000 hectares would attract more domestic and foreign capital, Giang felt.

Further, it is necessary to upgrade transportation infrastructure connecting these industrial zones with ports and logistics centres, he said.

Since setting up a wastewater treatment system is very costly, the government should offer a preferential lending rate for companies willing to invest in such treatment systems, he suggested.

Growing at 4.72 per cent year-on-year, Vietnam's garment and textile exports earned $12.6 billion in the first half of 2016. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Apparel/Garments | On 26th Sep 2017

US raises annual AGOA quota for textiles

The US Committee for the Implementation of Textile Agreements has...

Textiles | On 26th Sep 2017

Thrace-LINQ expanding Dorchester County operations

Thrace-LINQ, a global supplier of fabrics for the textile industry,...

Courtesy: Levis

Fashion | On 26th Sep 2017

Google unveils smart denim jacket with Levi Strauss

Ending the months-long wait, Google has unveiled its smart denim...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Pinkesh Jain
Everflow Petrofils Ltd

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

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Lynda Kelly
Suominen Corporation

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mohammad Hassan
Biax Fiberfilm

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

September 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
75.5%
No
12.2%
Skip
12.2%

Total Votes: 49

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
63.3%
No
24.5%
Skip
12.2%

Total Votes: 49

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
87.8%
No
6.1%
Skip
6.1%

Total Votes: 49

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
71.4%
No
10.2%
Skip
18.4%

Total Votes: 49


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