The province’s garment industry has strongly developed thanks to the advantages of manpower and business premises. Binh Dinh set the target of making its garment industry become one of big hubs nationwide.
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Phu My garment factory in operation. Photo N.T
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Advantages
With available advantages, such as manpower, business premises, the garment industry in Binh Dinh has gradually expanded its scale.
Also, the textile and garment quota was removed after Vietnam had joined WTO, offering more opportunities for the garment industry in Vietnam in general and Binh Dinh in particular.
However, it’s still necessary to have more investment projects, aimed at boosting the development of the garment industry in Binh Dinh.
In late 2005, VINATEX DA NANG built Phu My garment factory with advanced technologies; Binh Dinh SEPPLUS Co,. Ltd also invested VND24 billion in building a garment factory in An Nhon district’s Binh Dinh town industrial zone in early 2007.
Alongside these, Able Tech industrial garment plant was built at Phu Tai industrial zone in late 2007 with the capital of over VND16 billion.
In 2007, Binh Dinh Garment Company merged with Nha Be Garment Corporation and it was equitized, contributing to the development of the garment industry.
Under the support of Nha Be Garment Corporation, the company was offered favorable conditions to enhance its competitiveness and seek new markets.
In late 2008, An Nhon Garment Joint Stock Company and Tam Quan Garment Joint Stock Company were set up. At present, the province’s garment industry has seen the establishment of 10 businesses, creating jobs for more than 7,000 local people.
New target
Garment businesses in Binh Dinh have signed new orders for the first quarter this year, according to the reports. General director of Binh Dinh Garment JSC Le Dan said Nha Be Corp’s subsidiaries hit the turnover of VND145 billion last year despite many difficulties.
They set the target of VND256 billion in turnover this year, Dan said. About 2000 people will be offered stable jobs.
With cheap manpower and high competitiveness, the province’s garment industry is expected to strongly develop in coming years, contributing to the industrial production value and export turnover in Binh Dinh.
More garment factories are planned to be built in districts of Tay Son, An Nhon, Phu Cat, and Hoai Nhon until 2015. Also, Nha Be Corp. will have its factories in Tam Quan, An Nhon, and Quy Nhon extended this year. It is going to build another plant in Phu Cat with the investment capital of VND793 billion.
At a meeting with Binh Dinh-based garment companies, Chairman of the People’s Committee of Binh Dinh Province Nguyen Van Thien asked the companies to apply advanced technologies for the stable development.
He emphasized that they need to maintain the stable relationship with their partners, penetrating potential and regional markets. The manpower training and management capacity are also important issues.
Thien steered functional bodies and local authorities to create the most favorable conditions for garment companies to expand the scale and attract more investors.
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