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VN’s master zoning plan for textile and garment industry need revision

Related Keywords: develop central industrial parks, help enterprises in the sector lower costs, logistics centers, long-term strategy to develop, master zoning plan for textile and garment industry, revise development plan, road connectivity between large-scale IPs, stable policies, Vietnam Textile and Apparel Association, wastewater treatment facilities

The Vietnam Textile and Apparel Association (VITAS) wants the master zoning plan for textile and garment industry development plan revised as it has become outdated. The industry’s shipments amounted to US$27.5 billion last year and are expected to soar to US$31 billion this year. Therefore, it is necessary to adjust the master zoning plan for textile and garment industry development until 2020 with a vision toward 2030, Deputy Minister of Industry and Trade Ho Thi Kim Thoa said.

VN textile industry want to revise development plan to 2020 and beyond

Related Keywords: current growth, domestic garment and textile industry, EVFTA, export turnover, FDI projects, fibre, garment production project, match progress of the country, revise development plan, target set in current plan, TPP, Vietnam garment sector, Vitas, VKFTA

The Vietnam garment sector has earned an export turnover of $27.5 billion in 2015. With the current growth, the domestic garment and textile industry wants to revise a development plan to 2020 with vision for 2030 to match the progress of the country. The sector has set export turnover at between $50 and $50 billion by 2020, instead of targets set in the current plan, according to Vietnam Textile and Apparel Association (VITAS).

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