Decision No. 429/QD-TTg dated April 12, 2012 of the Prime Minister on approving the five-year plan of production and trading, investment and development of the Vietnam national textile and garment group for the period of 2011-2015

BY 2015, THE TOTAL EXPORT VALUE OF VINATEX WILL REACH $3,865 MILLION

This is one of the main objectives promulgated by the Prime Minister for Vietnam National Textile Corporation (Vinatex) under the Decision No. 429/QD-TTg dated April 12, 2012 on approving the five-year plan of production and trading, investment and development of the Vietnam National Textile and Garment Group for the period of 2011-2015.

In order to achieve the objectives by 2015 that the export turnover will reach $ 3,865 million US dollars, the industrial production value will reach over $28,000 billion, non VAT turnover is equivalent to $ 54,000 billion….The Prime Minister requested Vinatex to implement some measures such as: to expand the areas of raw material plantation for textile industry; strengthen assessment, examination of production and business efficiency of investment projects and of the affiliates; build appropriate development strategies for domestic and international market; enhancing the efficient use of capital, reduce capital turnover.

Member Council of Vietnam Textile and Garment Group is responsible for implementation and ensuring the completion of the approved plan. To annually report on the plan implementation and the encumberments and difficulties arising in the implementation process.