Related Keywords: Dinh Vu Polyester plant, domestic demand, filament fibres, German technology, imports of foreign made fibre, Petrovietnam Group, polyester chips, polyester fibres, triple yarn output, Vinatex
Dinh Vu Polyester Plant that is owned 81 percent by the state oil and gas company Petrovietnam Group and balance 19 percent of the plant by Vietnam’s top garment maker Vinatex, to triple yarn output to 75,000 tonnes by year-end to better meet domestic demand.
With capacity to produce 175,000 tonnes of fibre per year, the plant is able to supply around 40 percent of raw material needed for the Vietnamese textile industry, saving approximately $ 400 million per year on imports of foreign made fibre, as well as providing jobs to nearly 700 people.
