What are the industry issues in the textile and garment field of Vietnam?
Mr Truong: Vietnam is among the top 10 textile and garment exporters on the globe and it targets to be top five in the near future. The country, yet, is heavily relying on imported sources of various materials, including cotton, fibres, yarns and fabrics. Textile and garment represents Vietnam’s second largest currency-earning industry. Playing a driving role of this industry, Vinatex has proposed 24 projects, and 11 of them are put in priority for implementation, to nurture the domestic development of textile fibers and materials. These projects include: • a 300 ton/day synthetic fibre plant worth US$280 million at Nhon Trach Industrial Zone (IZ), Dong Nai province; • an OE (open-end) spinning projects of 20,800 tons/year at US$91 million; • a 40 million meter/year plant of high quality denim and fabric funded with US$56 million at Hoa Xa IZ, Nam Dinh province; • a US$8.3 million plant producing 78 million meters/year of high quality finished dyeing fabric in Nhon Trach IZ, Dong Nai p
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