Related Keywords: garment export, garment industry, Vietnam textile industry development plan
The Vietnam Ministry of Industry and Trade gives approval to the new textile and garment industry development plan 2020 which aims to achieve 55 percent localization rate by 2015 and further expected to increase to 65 percent and 70 percent by 2020 and 2030 respectively. The plan is draw to boost the industry’s growth.
Under the new plan firms specialising in fashion production as well as in the supply of related services will be positioned in urban areas while labour-intensive textile and garment firms will move to the rural areas.
