Authorities in Ho Chi Minh City plan to double the garment and
textile industry’s export turnover by 2015 over the 2010 figure of 3.3
billion USD.
The city, which sees the industry
as one of its five key exports from 2011 to 2015, has asked
manufacturers to expand production, improve product quality and find new
markets.
In recent years, garment companies in
HCM City have improved product quality and design by investing
in advanced technologies.
As a result, many
companies such as Anh Phuoc, Thai Tuan, Viet Thy, Viet Thang and Phong
Phu have increased their market share in the country.
HCM City is also developing a plan to reduce the
industry’s reliance on imported raw materials, according to the report.
A draft plan calls for more local production of
materials used in the garment and textile industry, including fabric and
accessories like zippers. Currently, most raw materials are imported.
The plan aims to increase the ratio of locally produced raw materials from 45 percent to 65 percent by 2020.
The city’s five-year plan drawn up for the industry also calls for a
design centre, a factory to produce accessories for the industry, and a
plant to produce machinery for garment factories.
Currently, more than 5,400 garment and textile manufacturing and
trading companies are operating in HCM City , with a total of
306,000 labourers.
The city accounts for 37 percent of the industry’s total output nationwide.
Last year, the industry’s export turnover reached more than 4.3 billion USD, a year-on-year increase of 11.5 percent.-VNA