Ha Noi (VNA) – Viet Nam’s first and biggest centre for supplying raw materials and accessories to the garment and footwear sectors is expected to debut next year in the hopes of easing the over-dependence of local garment makers on imported materials.
Lien Anh Co Ltd has planned to inject around 12 million USD into the project’s first stage.
The centre, which has already been constructed on an area of 16 ha in Tan Binh Commune in the southern province of Binh Duong’s Di An District, is anticipated to become a world-class hub for local and international suppliers, said the firm.
The centre will include a wholesale market (28,000 sq.m), likely accommodating 1,250 stalls; office and showroom area (4,500sq.m); and a bonded warehouse (45,000 sq) that may store up to 20,000 tonnes of goods.
Lien Anh director Truong Thi Ngoc Anh said many enterprises have been waiting a long time for such a centre. Garment and footwear makers are the nation’s second and third leading hard currency earners, but their profitability has been held back by dependence on imported raw materials and accessories, Ngoc Anh said.
“Most local producers have to import sparsely or at retail prices and lose money and time on small orders,” said Truong Bach Mai from the Viet Nam Textile and Garment Group (Vinatex). “Lien Anh Co has made a brave decision to pour money into the project.”
Ngoc Anh added that when the project’s first stage was completed and put into operation, the company plans to inject another 8 million USD into a second phase, which would include a trade centre, hotel, restaurant and sports area.-Enditem |
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