Apparel enterprises in Vietnam are striving to domestically produce half of their input materials by 2010, to raise competitive edge, according to the Ministry of Industry’s garment and textile development plan until 2015.
To realize the target, apparel units will boost investment and cooperation with foreign counterparts.
The Vietnam Garment and Textile Group (Vinatex) and many other garment and textile firms are endeavoring to build input material transaction centers, accelerating exchanges between world material providers and Vietnamese producers and designers.
However, Vinatex’s project to build an apparel material trading center in Binh Chieu ward, Thu Duc district, Ho Chi Minh City, is still only on paper, due to sluggish site clearance.
In addition to that project, young volunteers in the southern hub in March this year kicked off construction of a 34-story trading center for fabric, apparel and supermarkets, due for operation by 2010. Four floors of the center will be for garment and textile materials.
Saigon Garment 2 Joint Stock Company is building Sanding Tam apparel material trading center in Tan Binh district, slated for operation in August this year. Sanding Tam is located near Tan Binh apparel material wholesale market.
Pham Xuan Hong, General Director of Saigon Garment 3 Joint Stock Company, said in order to push apparel sector development, Vietnam needs to build large-scale garment and textile material trading centers like Vinatex’s, fully supplying customers.
Hong assessed Sanding Tam is a break-through, opening a new development period for Vietnam’s apparel material sector.
Vietnam now has to import 90 per cent of apparel materials, mainly from China, Taiwan, South Korea, Hong Kong and Japan.
The Southeast Asian country plans to invest $1.7 billion in apparel from now to 2015, producing 1.5 billion meters of shuttled cloth.
Vietnam gained $2.19 billion from shipment of apparel exports in the first four months this year, up 31.7 per cent on-year, and they are set to grow by 25 per cent to $7.5 billion this year.
The country targets apparel exports of $10-billion by 2010 and $20-22 billion by 2020, ranking the country among top ten world’s big garment and textile exporters. (Liberated Saigon)
Vietnamese
