Binh Dinh Province of Vietnam plans to develop its Textile & Apparel Industry
Permanent Vice Chairman of Binh Dinh People’s Committee Phan Cao Thang has authorised a plan to develop the Vietnamese province’s textile industry till 2025, with an orientation towards 2035
The key objectives of the plan are to build the Binh Dinh’s textile industry into a key economic driver and one of the province’s chief high-quality export suppliers, to gradually synchronise production from input to output as well as implement a global standard environment management system.
The Binh Dinh province aims to become the central coastal region’s textile centre and enhance the Vietnamese textile industry’s performance and competitiveness within the region and the world. Between 2016 and 2020, the province is determined to increase growth in the textile industry’s production value to around 17.85 %.
By 2020, the provincial total production value for the textile industry hopes to reach Vietnamese Dong (VND) 3.95 trillion (USD 178.2 million), double that of 2015. Between 2016 and 2020, the region aims for a total export value of USD 495 million and new employment for 18800 workers, up by 4800 jobs compared to 2015.
From 2021 to 2025, Binh Dinh province’s textile production value is expected to increase 13 % to 14 % each year, with the industry’s total value reaching VND7.4 trillion to VND7.8 trillion.
Total export turnover is expected to reach at VND 780 million, up by 1.6 times compared to the period from 2016 to 2020 as well as create employment for 22000 to 23000 workers, up by 3800 to 3900 jobs from the previous phrase.
Key products for the period 2016 to 2020 and 2021 to 2025 will include tracksuits, children’s clothing, business suits, dresses, uniforms and protective gear.
The plan is aimed at increasing production quantity to 53 million units in 2020 and up to 65 million units in 2025.
As of 2016, Binh Dinh’s textile industry produced 20 million units. Production of suits and uniforms increased by 14.2 %, while knitwear increased by 312 %, compared to the same period in 2015.
In order to achieve these goals, the province has invested in the textile industry to support diversified production which can transition from simple manual labour to complete production chain as well as vertical integration.