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

New US alliance to promote postal package delivery service

Textiles | On 15th Aug 2018

New US alliance to promote postal package delivery service

A group of US retailing, e-commerce and logistics firms recently...

Courtesy: Industriall Union

Apparel/Garments | On 15th Aug 2018

IndustriALL-Esprit agreement to improve workers' rights

IndustriALL Global Union recently signed a global framework agreement ...

Indian minister orders fresh consultations on e-com policy

Textiles | On 15th Aug 2018

Indian minister orders fresh consultations on e-com policy

Indian commerce and industry minister Suresh Prabhu has asked for...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Himanshu Jariwala

J Korin started as a partnership firm with four powerlooms in the textiles ...

Kamal Kulshreshth

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Nisha Chanda
Whistling Woods International School of Fashion

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

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


August 2018

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

news category


Related Categories:

Advanced Search