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Binh Dinh approves the plan for textile industry development to 2025 with orientation to 2035

 

03/02/2017

 

On 20th December 2016, the Provincial People's Committee (PPC) issued the Decision No.4684/QĐ-UBND approving the planning of textile industry development in Vietnam to 2025 and orientation to 2035 with the goal of turning textile industry into one of the key industries, toward modernization, specialization; gradually shifting from processing to production basing on suitable and modern technology, advanced quality management, labor management, increased competitiveness and environmental protection in line with international standards.

 

Able Vietnam Garment Co., Ltd in Binh Dinh attracts large labor force in the locality

Accordingly, the period 2016 - 2020: the province aims to achieve a growth rate of industrial output value of 17.8%/year. It is expected that by 2020, the production value of textile industry in the whole province will reach about VND 3,950 billion, rising 2.3 times as compared with the value of 2015. Total export turnover of 05 years (2016-2020) is expected to reach about USD 495 million. On that basis, the province's textile industry will attract and create jobs for about 18,800 employees, an increase of 4,800 employees compared with the year 2015.

The period 2021-2025: the target is to achieve 13-14%/year of  industrial production value. By 2025, the industrial production value of the textile industry will reach between VND 7,400-7,800 billion. The total export value is expected to gain USD 780 million (up 1.6 times compared with the period 2016-2020),  creating jobs for 22,000-23,000 employees (an increase of 3,800-3,900 jobs compared to the year 2020).

The period 2026-2030: it is forecast that the avarage growth rate of industrial production will be approximately 9-10% /year; the sector's industrial value will be around VND 12,000 billion, attracting around 23,500-25,000 employees. 

The main textile products in the province in the period 2026-2035 will be: trousers, jackets, children's clothes, men and women’s suits, shirts, dresses, uniform, protective clothing.

In order to produce good quality textile products with economic efficiency, the majority of equipment must be highly automatic and modern. Therefore, most textile firms nowadays import equipment from countries with developed mechanical engineering and well-known tradition of manufacturing equipment, such as Germany, Japan, South Korea ... With the target of sustainable development, improved product quality of textile industry, Binh Dinh is encouraging investment and application of advanced equipment and technology recommended by prestigious manufacturers worldwide.

Binh Dinh has made a plan for textile industry with its development centre mainly in Hoai Nhon, Phu Cat districts and Quy Nhon city. These four areas account for 82.4% of the number of production establishments, 86.2% of workers and employees and 90% of the full production capacity of textile sector in Binh Dinh province.

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Website for Cooperation and Investment Promotion
The Permit No.02/GPTTDT-STTTT dated 31/8/2017 of Department of Information and Communication
Established by the Investment Promotion Center of Binh Dinh Province(IPC Binh Dinh)
Person in charge: Mr Nguyen Bay, Director, Investment Promotion Center of Binh Dinh Province
Address: 35 Le Loi Street, Quy Nhon City, Binh Dinh Province, Vietnam
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