The Ho Chi Minh City Department of Industry and Trade plans to develop city’s garment and textile industry as the leading industrial sector which is able to supply the garment & textile services in the southern region and a fashion center in the country.
HCMC hosted a seminar on November 3 to announce it plan and that it would like to achieve this target by 2020 with vision by 2030.
Accordingly, by 2015, revenue in the garment and textile industry will reach VND37,850 billion, 1.5 time higher than that in 2010. This figure will continue increasing 1.3 fold over 2015 to hit VND47,670 billion by 2020 and 1.33 fold over 2020 to touch VND63,726 billion in the next five years.
HCMC will have six fibre plants producing 150,000 tons by 2015 and seven plants making 200,000 tons by 2020.
The city will also set up three textile plants with capacity of 500 million meter fabric in 2015. The number will increase to five plants with 22 million meter fabric in 2020.
It also has plan to relocate dying establishments in the industrial zone (IZs) which are presently located in inner city. Material production for the garment and textile industry will move in IZs also.
Delegates at the seminar said that the city will have to map out policies on training engineers, technicians and designers for the industry development.
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