Web Exclusive | June 2017
Vietnam to build textile, trading centres
Vietnam’s Ho Chi Minh City will build large centres for designing fashion, trading garment, textile material and accessories to become the country’s garment, textile and accessory hub. The city wants to meet 80-90 per cent of Vietnam’s demand for garments and textiles by 2020, and supply 100 per cent of accessories for its garment industry.
Ho Chi Minh City will not establish large-scale garment and textile industrial parks, because the existing ones can accommodate all relevant enterprises, according to the municipal Department of Industry and Trade.
According to approved plans, the city has 23 industrial parks and export processing zones, of which 17 are operational. Most of garment and textile firms are now located in the export processing zones of Tan Thuan and Linh Trung, and the industrial parks of Tan Thoi Hiep, Tan Binh, Tan Tao, Tay Bac Cu Chi and Dong Nam.