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VN MoIT proposes setting up large textile and garment industrial zones

Related Keywords: attract local and foreign investment, dyeing, export contracts for second half of year, exports grew in the first half of this year, fabric and yarn production, local firms face difficulties in obtaining production, ministry of industry and trade, proposed development of large textile and garment industrial zones, Vietnam textile and garment

Vietnam’s textile and garment exports grew in the first half of this year, but local firms face difficulties in obtaining production and export contracts for the second half of 2016, according to the Ministry of Industry and Trade (MoIT). To support local firms, MoIT has proposed the development of large textile and garment industrial zones (IZs) on 500 – 1000 hectare to attract local and foreign investment in dyeing, and fabric and yarn production.

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