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

May 31 deadline for registration of chemicals under REACH

Textiles | On 23rd May 2018

May 31 deadline for registration of chemicals under REACH

May 31 is the final deadline for companies to register all chemicals...

US cotton production projected to decline in 2018: USDA

Textiles | On 23rd May 2018

US cotton production projected to decline in 2018: USDA

US cotton production is forecast at 19.5 million bales, nearly 7 per...

Pakistan's textile exports up 8.13% in July-April FY18

Textiles | On 23rd May 2018

Pakistan's textile exports up 8.13% in July-April FY18

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

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

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

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Urmil Arya

Sushila International, a well established textile organisation established ...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Urs Stalder
Sanitized AG

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

Leave your Comments


May 2018

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

news category


Related Categories:

Advanced Search