Dinh Vu Polyester Plant that is owned 81 percent by the state oil and gas company Petrovietnam Group and balance 19 percent of the plant by Vietnam’s top garment maker Vinatex, to triple yarn output to 75,000 tonnes by year-end to better meet domestic demand.

With capacity to produce 175,000 tonnes of fibre per year, the plant is able to supply around 40 percent of raw material needed for the Vietnamese textile industry, saving approximately $ 400 million per year on imports of foreign made fibre, as well as providing jobs to nearly 700 people.

Vietnam needs 450,000 tonnes of fibre and yarn annually, 70 percent of which has so far been imported, mainly from China, the trade ministry said.

In a product announcement meeting, company director Vu Dinh Duy said that these polyester fibres, filament fibres and polyester chips were produced in accordance with international standards using German technology.

The plant has applied the most advanced technology from Uhde Investa (Germany) for Polycondensation unit and Neumag Oerlikon (PSF) and Barmag Oerlikon (DTY).

They were found to be strong, durable and heat-resistant, easily meeting technical requirements for weaving, dying and sewing.

Following the successful manufacture of this fibre, the company is now cooperating with Vietnam National Textile and Garment Group to build other plants in the northern provinces of Hai Phong, Nam Dinh, Ha Nam, Thanh Hoa and the central province of Nghe An.