Vietnam Textile and Garment Group expands and develops businesses in Thua Thien Hue

On the side of Vietnam Textile and Garment Group, there were Mr. Le Tien Truong - Secretary of the Party Committee, Chairman of the Board of Directors of Vinatex; dd/c Tran Quang Nghi – Vice Chairman of Vinatex Board of Directors; d/c Cao Huu Hieu – General Director of Vinatex, together with comrades in the Executive Agency, leaders of functional departments of the Group, leaders of Hue Textile and Garment Joint Stock Company, Vinatex Phu Hung Joint Stock Company, the Company. Phu Bai Yarn CP.

At the meeting, on behalf of the Executive Agency, Mr. Cao Huu Hieu - General Director of Vinatex presented Vinatex's investment and development strategy from now to 2025 with a vision to 2030, focusing on building Vinatex into a destination capable of providing the full package of business customers' needs in the global supply chain. Step by step rise to a higher level of the value chain in terms of design and branding. In particular, Thua Thien Hue province is an area with large dominant Vinatex enterprises in the central region, including: Phu Bai Yarn Joint Stock Company with 2 factories with a scale of 80,000 spindles, Vinatex Phu Hung Joint Stock Company with 2 factories with a scale of 4,40,000 spindles, Hue Textile and Garment Joint Stock Company with 7 factories, including 1 Yarn Factory of 50,000 spindles, 1 Textile and Dyeing Factory with a scale of 100 tons of fabric/month and 5 Garment factories with more than 4000 employees. Currently, 3 companies contribute 230 million USD/year ~ 17.7% of the province's export turnover (about 1.3 billion USD/year), accounting for 30% of the province's textile and garment export turnover (about 780 million USD in 2021). These are all strong units of Vinatex, have stable development, have domestic and international brands. In the context of requiring enterprises to develop and expand their scale to meet the increasing requirements of the market, in reality, the units currently do not have land funds to expand investment.

General Director of Vinatex expressed his wish that the Standing Board of the Provincial Party Committee and the Provincial People's Committee would create favorable conditions for Vinatex to lease 30.78 hectares long-term in Phu Bai 4 Industrial Park to form a green fiber production ecosystem of Vinatex and its three subsidiaries. members, in which: 11 ha of Hue Textile and Garment Joint Stock Company, 6.78 ha of Vinatex Phu Hung Joint Stock Company, 6 ha of Phu Bai Yarn Joint Stock Company, and 7 ha of Vinatex to form a shared service center providing services. comprehensive for the production and trading of Yarn. In addition, Vinatex and Hue Textile and Garment Joint Stock Company are assigned as investors in 19 hectares of land in Huong Tra area to build a wastewater treatment system, towards the development of a Textile Dyeing Center, forming a package supply chain. in Thua Thien Hue province. Vinatex General Director pledged that the projects of Vinatex and its member units are all green production projects, using renewable energy, protecting the environment, and meeting the strictest requirements of the world. on green and circular textile production, planning to become the first green and recycled fiber production ecosystem of Vietnam and Vinatex.

After listening to the presentation of the General Director of Vinatex, the Standing Board and leaders of provincial departments all agreed to support Vinatex's investment and development strategy in Thua Thien Hue province. Secretary of the Thua Thien Hue Provincial Party Committee Le Truong Luu highly appreciated the development of Vinatex's member enterprises in Thua Thien Hue province, which not only brings benefits to businesses but also makes great contributions to the business development. economy and create jobs for many local workers. In the coming time, Vinatex will continue to study and build more fashion centers and sales centers located in some central locations of the province.

Comrade Le Truong Luu suggested that the Group pay attention to the work of building the Party, developing Party members, and organizing mass organizations at the Group's affiliated units operating in the province. Interested in more housing models for workers; specialized human resource training in the field of textile and garment; demonstrates the responsibility of enterprises to employees, to Thua Thien Hue province in its development process. The province is committed to creating favorable conditions for the Group to invest in projects in Thua Thien Hue.

Mr. Le Tien Truong - Secretary of the Party Committee, Chairman of the Board of Directors of Vinatex said that he appreciates the support of the Standing Board of the Provincial Party Committee and the Provincial People's Committee in the investment and development strategy of Vinatex in Thua Thien Hue province.

Responding to the opinions of the leaders of Thua Thien Hue province, Mr. Le Tien Truong - Secretary of the Party Committee, Chairman of the Board of Directors of Vinatex said, Vietnam National Textile and Garment Group appreciates the support of the Standing Board of the Provincial Party Committee. and the Provincial People's Committee in creating conditions for the construction of a textile dyeing center. Because without developing the Textile and Dyeing industry, it will not be possible to have enough competitiveness, build a complete supply chain of the Textile and Garment industry before the requirements of green textiles and circular textiles of the world. Vinatex commits, will invest 4,000 billion in the next 7 - 8 years with 3 phases, the scale will increase by 200,000 spindles with high automation, produce circular yarns, recycled yarns to ensure the safety of the customers. green factory standards. With the Textile and Dye industry, currently dyeing technology has saved water up to 50%, wastewater has been treated with biotechnology, so environmental factors will be guaranteed if approved by the Provincial Party Committee, People's Committee. The province approved the investment policy.

Quang Nam

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