A few businesses investing in the textiles and dye sector, which hasreceived preferential policies and has a high added-value, are findingit difficult to match domestic demands.
Accordingto the Vietnam Textile and Apparel Association (VITAS), domestic textilecompanies are only capable of supplying between 30-50 percent of thecountry’s demand for shirts, jeans and other basic products production.Meanwhile, vests, jackets and other high-quality fashion clothes aredependent mostly on imported materials.
The VietnamNational Textile and Garment Group (Vinatex) said that it has come upwith nearly 20 key textile and dye projects over the past five years toattract domestic and foreign investments but failed.
The group is striving to produce more materials domestically, includingbuilding the Dinh Vu fibres plant in the northern port city of HaiPhong . The plant is expected to meet 70 percent of the sector’s demandonce it becomes operational in 2011.
The Ministryof Industry and Trade has also devised a scheme to develop garment andtextile materials input areas. A dying zone will also be set up in theNhon Trach district of Dong Nai province between now and 2015.
In addition, two large materials production centres will bebuilt in HCM City and five key textile and dye projects in anumber of other localities will be upgraded to turn out 45 million m2 ofcloth by the end of this year.
The acreage forgrowing cotton is also being increased. The country’s total area isexpected to reach around 15,600 ha by the end of this year, 6,600 hamore than last year’s crop.
According to Vitas,Vietnam is now one of the world’s largest textile and garmentexporters and textiles and garments also record the highest exportgrowth among the country’s 10 staples.
The country’stextile and garment exports fetched around 3.8 billion USD in the firstfive months of the year, a year-on-year increase of more than 17percent and this year’s export figure is expected to reach 10.5billion USD, a year-on-year rise of 15 percent, said Vitas.
The sector is focusing on Asian markets, because of the pricingadvantage when compared with Eastern European, Central and SouthAmerican countries./.
Accordingto the Vietnam Textile and Apparel Association (VITAS), domestic textilecompanies are only capable of supplying between 30-50 percent of thecountry’s demand for shirts, jeans and other basic products production.Meanwhile, vests, jackets and other high-quality fashion clothes aredependent mostly on imported materials.
The VietnamNational Textile and Garment Group (Vinatex) said that it has come upwith nearly 20 key textile and dye projects over the past five years toattract domestic and foreign investments but failed.
The group is striving to produce more materials domestically, includingbuilding the Dinh Vu fibres plant in the northern port city of HaiPhong . The plant is expected to meet 70 percent of the sector’s demandonce it becomes operational in 2011.
The Ministryof Industry and Trade has also devised a scheme to develop garment andtextile materials input areas. A dying zone will also be set up in theNhon Trach district of Dong Nai province between now and 2015.
In addition, two large materials production centres will bebuilt in HCM City and five key textile and dye projects in anumber of other localities will be upgraded to turn out 45 million m2 ofcloth by the end of this year.
The acreage forgrowing cotton is also being increased. The country’s total area isexpected to reach around 15,600 ha by the end of this year, 6,600 hamore than last year’s crop.
According to Vitas,Vietnam is now one of the world’s largest textile and garmentexporters and textiles and garments also record the highest exportgrowth among the country’s 10 staples.
The country’stextile and garment exports fetched around 3.8 billion USD in the firstfive months of the year, a year-on-year increase of more than 17percent and this year’s export figure is expected to reach 10.5billion USD, a year-on-year rise of 15 percent, said Vitas.
The sector is focusing on Asian markets, because of the pricingadvantage when compared with Eastern European, Central and SouthAmerican countries./.
