VIETNAM: Two textile parks to boost local fabric production
The Vietnam National Textile and Garment Group (Vinatex) plans to build two large industrial parks specialising in textiles and dyeing in the Mekong Delta province of Tra Vinh and the northern province of Thai Binh.
Construction of the two parks is due to begin this year, and both are expected to be fully occupied within the next five years.
Their output will help make up a shortfall in local fabric production. The country currently uses around 2m square metres of cloth a year for garment production, according to Vinatex, whereas domestic suppliers provide just 700m square metres.
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