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

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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
Issuing body: Prime MinisterEffective date:
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Official number:429/QD-TTgSigner:Hoang Trung Hai
Type:DecisionExpiry date:Updating
Issuing date:12/04/2012Effect status:
Known

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Fields:Commerce - Advertising , Industry , Investment

SUMMARY

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.

This Decision shall take effect on April 12, 2012.
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Effect status: Known

 

THE PRIME MINISTER
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No.: 429/QD-TTg
THE SOCIALIST REPUBLIC OF VIETNAM
Independence– Freedom – Happiness
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Hanoi, April 12, 2012
 
DECISION
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
THE PRIME MINISTER
Pursuant to the December 25, 2001 Law on Organization of the Government;
Pursuant to the Conclusion No. 78-KL/TW of July 26, 2010 of the Politburo on the inspection results of the implementation of the Central Resolution No.3 and No.9 (Term IX) and the Resolution of the Party Congress on further reorganizing, renovating, developing and improving efficiency of State-owned enterprises and on the scheme of further strengthen and promote the role of the state capital investment and trading corporations;
Pursuant to the Decision No. 36/2008/QD-TTg of March 14, 2008 of the Prime Minister approving the Strategy on development of Vietnams Textile and Garment industry till 2015 and orientations to 2020;
At the proposal of the Minister of Industry and Trade,
 
DECIDES:
 
Article 1. To approve the 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 with the following principle contents:
I. OVERALL OBJECTIVES
To develop Vietnam Textile and Garment Group into a strong economical unit, the core unit of Vietnam textile industry, which is capable for competition in domestic and international market, effective in production and trading, meeting the increasing domestic needs and tastes, creating more jobs for the society, ensuring sustainable development, protecting ecological environment, integrating firmly in global and regional economics.
II. SPECIFIC OBJECTIVES
1. Key targets for the period of 2011 - 2015
By 2015, the industrial production value reaches 28,144 billion VND; non VAT turnover reaches 53,858 billion VND; export turnover reaches 3,865 million US dollars and before-tax profit reaches 2,434.3 billion VND (see details in Appendix I).
2. Orientation and investment targets of the projects for the period of 2011 – 2015
The expected new investment projects and transitional forwarding projects in the period 2011 - 2015 of the Vietnam Textile and Garment Group and its subsidiaries will continue to adhere to the 03 strategic target programs approved by the Prime Minister for the purpose of increasing of the production capacity of the Group, dominating the domestic market and gradually promoting their competitive capacity in the international market and establishing the position of Vietnam textile industry.

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