The central province of Thua Thien Hue has adopted a revised industrial development plan to 2020 with a total investment of almost VND28 trillion (approximately US$1.3 billion), focusing on sectors with competitive edges such as food processing, textile and paper making.
The province aims to source the investment mainly from foreign investment and joint-venture capital (three quarters of the amount). Around 23% of the capital will be raised from local enterprises and bank loans and only 2% will come from the State budget.
The Director of the provincial Department of Industry and Trade, Vo Phi Hung, said Thua Thien-Hue is targeting an annual growth rate of 14 – 14.5% for its key industries, including agro-fishery-forestry product processing, food and drinks, electrics and electronics, construction materials and handicrafts and small industries.
At the same time, the province will strive to become a regional and national hub for the garment- textile and textile’s support industries, which currently make up 42.78% of its industrial output and 78% of total export value, he added.
The new industrial development plan has added weaving and dyeing plants with the aim of establishing a complete production chain in the industry from fibre making to weaving and dyeing, thus enhancing manufacturing efficiency and cutting costs for the textile-garment sector.
Besides, paper and paper pulp plants will be built to reduce the export of raw materials like wood and foster forest plantations.
Đăng ký: VietNam News