to the Viet Nam Textile and Apparel Association (VITAS), domestic
textile companies only have the capacity to supply between 30-50 per
cent of the country’s demand for shirts, jeans and other basic textile
products. Production of vests, jackets and other high-quality clothes
is primarily dependent on imported materials”.The Viet Nam
National Textile and Garment Group (Vinatex) said that it has come up
with nearly 20 key textile and dye projects over the past five years to
attract domestic and foreign investments, but all failed ..The
group is making efforts to produce more material domestically,
including building the Dinh Vu fibre plant in the northern port city of
Hai Phong ..The plant is expected to meet 70 per cent of the sector’s demand once it becomes operational in 2011 ..The
Ministry of Industry and Trade has also devised a scheme to develop
input areas for garment and textile materials and a dying zone will be
established in the Nhon Trach district of Dong Nai Province between now
and 2015 ..In addition, two large material production centres will
be built in HCM City and five key textile and dye projects in a number
of other localities will be upgraded to turn out 45 million sq.m of
cloth by the end of this year ..The acreage for growing cotton
will also be increased. The country’s total cotton growing area is
expected to reach around 15,600ha by the end of this year, 6,600ha more
than last year ..According to VITAS, Viet Nam is currently one of
the world’s largest textile and garment exporters, and textiles and
garments also record the highest export growth among the country’s 10
staples..Textile and garment exports fetched around US$3.8 billion
in the first five months of the year, a year-on-year increase of more
than 17 per cent. This year’s export figure is expected to reach $10.5
billion, a year-on-year increase of 15 per cent, said VITAS ..The
sector is focusing on Asian markets due to the pricing advantage when
compared with Eastern European, and Central and South American
countries. – VNS .