 |
|
The kick-off ceremony for the construction of Able Tech industrial garment factory. Photo N.T |
Binh Dinh garment industry has worked on many strategies to meet the target of developing and creating jobs for people since 2000. Owing to, however, limitations of technology, human resource, and market, it didn't make any considerable changes for a long time. Binh Dinh garment industry has recently overcome difficulties, showing sign of speeding up.
Overcome difficulties
Until late 2005, there were four companies operating in the garment industry in Binh Dinh. Compared to the year of 2000, the output was double, but the economic effect wasn't proved due to some difficulties.
The 2005-2006 period was the hard time for the garment industry nationwide because of the domination of Chinese garment products. The price increase of many services also made this worse.
Binh Dinh's garment industry had other difficulties such as old technologies, unstable market, and low skilled workers at that time.
It needed to call upon the investment and cooperation to overcome mentioned difficulties, ensuring the competitiveness, according to experts.
Vietnam Garment and Textile Corp (Vinatex)-Da Nang branch-built Phu My garment factory with advanced technologies. Thanks to the aid of Vinatex in Da Nang, it has been stably operational.
Binh Dinh Garment Company then merged with Vietnam Garment Corp and was equitized in early 2007 to become Binh Dinh garment joint stock Company. With the support of Nha Be Garment Company, it could apply advanced technologies, enhancing the promotion and business for the competitiveness.
Last year saw its turnover of VND92 billion and the export turnover of US$3.56 million.
More projects
After Vietnam integrated into WTO, Vietnam's garment industry has no export quota and low import duties. This can be an opportunity for its development.
Binh Dinh also has other advantages like a rich human resource, attracting more projects relating to the field of garment and textile.
Binh Dinh SEPPLUS Co., Ltd also invested VND24 billion in building an export garment factory at Binh Dinh town industrial cluster in early 2007. "Our products have been consumed widely. We, therefore, plan to expand the production to meet the consumers' demand," said director of Binh Dinh SEPPLUS Co., Ltd, Jae Chung.
In late 2007, Vietnam Able industrial garment Co., Ltd also started building Able Tech industrial garment factory at Phu Tai industrial zone with the capital of VND16 billion.
"Our strategic direction is to continue expand the production. As planned, two garment factories worth VND71 billion will be newly built in Districts of An Nhon and Hoai Nhon. They are expected to operation by early 2009," said Binh Dinh Garment Joint Stock Company's deputy managing director Le Dan.
Binh Dinh garment industry is expected to develop in the coming years, contributing to the industrial production value and export turnover. In 2008, its turnover is planned to reach VND210 billion and the export turnover will record at US$10 million.
| 
