\nVietNamNet Bridge, Vietnam
\nVietNamNet Bridge – The textile and garment industry has been targeted to gain an export turnover of US$12 billion by 2014 under a new strategy approved by the Ministry of Industry and Trade (MoIT).
\nThe strategy on the garment and textile industry has development to 2015 and vision toward 2020 as its objective.
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\nUnder the plan, the industry\u2019s export growth rates for 2014 will be at 20 per cent. Figures for 2015 and 2020 are expected to be 15 per cent.<\/p>\n
The strategy aims for an export turnover of $18 billion by 2015. The estimate figure for 2020 is $25 billion.<\/p>\n
All capital sources from domestic and international investors will be drawn on to meet the targets, said MoIT deputy minister Bui Xuan Khu.<\/p>\n
More investment in raw materials and accessories to minimise the industry\u2019s dependence on imports will be called for. This will help domestic production to meet 50, 60 and 70 per cent of domestic demands on materials by 2014, 2015 and 2020, respectively.<\/p>\n
The industry will be churning out roughly 490,000, 550,000 and 1.1 million tonnes of cotton and fibre by 2014, 2015 and 2020 respectively, under the strategy. Fabric will be produced at the level of 1 billion sq.m, 1.5 billion sq.m and 2 billion sq.m by the mentioned years.<\/p>\n
The main supply centres for technology, designs, raw materials and accessories will be located in large cities, including Ha Noi, HCM City, Da Nang and Can Tho, Khu said, so that materials can be provided in good time for garment businesses.<\/p>\n
Production establishments already located in major cities will be moved out to neighbouring provinces of the above main supply centres, where garment industrial warehouses will be set up.<\/p>\n
Training courses on production management, fabric design, skills analysis and sales techniques will be opened to develop human resources within the garment and textile industry.<\/p>\n
The industry will supplement human resources development through its work with international organisations, which will help to develop workers\u2019 technical skills in Viet Nam and abroad.<\/p>\n
Relevant bodies will support garment and textile businesses with negotiation and the expansion of export markets. The bodies will advise businesses on how to avoid trade barriers applied by importing countries.<\/p>\n
The overhaul of administrative procedures to simplify tax and customs requirements for garment and textile exporters will also form part of the strategy.<\/p>\n","protected":false},"excerpt":{"rendered":"
VietNamNet Bridge, Vietnam VietNamNet Bridge – The textile and garment industry has been targeted to gain an export turnover of US$12 billion by 2014 under a new strategy approved by the Ministry of Industry and Trade (MoIT). The strategy on the garment and textile industry has development to 2015 and vision toward 2020 as its […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"\n