The Vietnam National Textile and Garment Group (Vinatex) plans to build two large industrial parks specialising in textile and dye.
The two IPs, each covering an area of 150ha, will be built in the Mekong delta province of Tra Vinh and the northern province of Thai Binh. They aim to attract domestic and foreign investors.
Vu Duc Giang, Vinatex general director, said the Ministry of Industry and Trade had approved construction plans of the two IPs and Vinatex was making the detailed plans to submit to the Government.
“Construction of the two IPs is expected to begin this year and both of them are expected to be fully occupied within the next five years,” he said.
By then, each IP was expected to have a textile output of 200 million square metres a year, he said.
He added the investment capital for building infrastructure facilities for IPs was about 20 USD per square metres. Standard facilities would include environmental measures such as wastewater, toxin and solid waste treatment.
Vietnam how needs about 2 million square metres of cloth a year for garment production but domestic supply can only provide about 700 million square metres, according to Vinatex.
The remaining cloth must be imported from China , Japan , India , and other countries and territories.
With the growth of garment and textile exports in recent years, the import of clothes, cotton, threads, fibres and other materials for garment and textile production has also increased, according to Vinatex.
In 2008, the country exported 9.1 billion USD of garment and textile products, but it imported 7 billion USD of the raw materials.
Giang said Vinatex had also set up five IPs specialising in garments nationwide and most of them were fully occupied./.