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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 gro
10/10/2012
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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.

List of key investment projects and intergration aggregation of invested capitals in of projects for the period of 2011 - 2015 see Appendix II for details.

3. Implementation Solutions

a. Strategic solutions

- To implement immediately in 2012 the equitization plan of the Group parent company and its affiliates subsidiaries which have not been equitized in order to attract further investment capital.

- To expand the areas of raw material plantation for textile industry, especially the fabric cotton development program by 2015 and orientation to till 2020. To strive for the Cotton area to reach 50,000 ha by 2015, of which the irrigated cotton area will reach 10,000 ha. The average productivity will to reach 1.5 tons / ha, 2 tons / ha for irrigated cotton. The production of fiber cotton will to reach 35-40 thousand tons....

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