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Textile sector aims to cut reliance on imported materials

14
May '07
Textile and garment industry is aiming to enhance domestic production and reduce dependency on the imported materials.

Sector plans to raise the proportion of locally produced raw materials to 50 percent by 2010. Currently, nearly 90 percent of products are imported, especially from China, South Korea, Japan, Taiwan and Hong Kong.

Ministry of Industry intends to produce 1.5 billion meters of cloth with a total investment of US $1.7 billion and earn over $15 billion from apparel and textile exports, by 2015.

Major industry players have expressed interest in developing textile facilities, mainly for cotton and synthetic fiber production.

Vietnam National Textile and Garment Group (Vinatex) and many other enterprises are determined to construct centers for trading textile and apparel materials among the international suppliers, as well as domestic apparel designers and manufacturers.

Several projects like Fiber and Apparel Material Trading Center of the Ho Chi Minh City Youth Pioneer Organization have already begun construction.


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