Vinatex to pour more investment in garments and textile
VGP – The garment and textile sector will invest over VND 1,100 billion to make productivity and technology breakthroughs, so as to acquire a 12% increase in industrial production value and a 12% surge in export turnover, said an official.
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Mr. Lê Quốc Ân, Chairman of the Việt
Nam National Textile Garment Group (Vinatex) made the remark today at a summing-up
meeting of the garment and textile industry in Hà Nội.
The sector intends to connect export
and import enterprises; balance foreign currency supplies; assess financial and
business performance; and ensure the schedule of key investment projects.
In addition, the group plans to
build and popularize the brand name of Vinatex and launch the trade promotion
program in 2010.
Vinatex Deputy General Director Vũ
Đức Giang revealed that the Ministry of Industry and Trade, in collaboration
with Vinatex and cotton enterprises had completed a program on cotton.
It was reported that last week, the
Government chief 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.