Bigger investments in cotton cultivation
VGP – The Government will spend greater budgets to improve infrastructure and better irrigation projects in order to raise cotton growing areas and yields to around 76,000 hectares and 60,000 tons respectively in 2020.
The
Government chief recently issued Decision 29/QĐ-TTg on cotton development
program till 2015 and with visions towards 2020 to enrich the supplies of input
materials for the garment and textile industry; gradually meet domestic
consumption; and reduce trade gap.
Based on some recent statistical data, the cotton growing
area has been shrinking severely to less than 3,000 hectares and the yield only
met around 2% of the textile industry’s demand.
According
to the PM-ratified decision, by 2015, the cotton area is expected to expand to 30,000
hectares and surge 2.5 times in 2020.
The
Government intends to mobilize all resources for developing cotton production in
favor of cotton growers, traders and producers while attaching more attention
to technical and scientific researches and transfer for higher competitiveness.
Especially,
a price stabilization fund will be founded to secure the purchase price in the
interest of cotton growers and the domestic cotton sector.
The
Government entrusts the Việt Nam National Textile and Garment Group (Vinatex)
to act the major clue.
