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Vinatex opens the spring with a new spirit

Vietnam National Textile and Garment Group


On the morning of February 17, 2021, the entire DMVN Group held the opening of the New Year in the online form with exciting atmosphere. Vinatex team unanimously created an innovative 2021 year with outstanding results, based on the experiences and achievements of the past year. The Group’s leaders also promptly congratulated the New Year and encouraged the employees of the member units on the first day of working in the spring of Tan Suu.

the export market and the domestic market is close to the balanceHappy Tet at Duc Giang Corporation-JSC (Dugarco), Mr. Le Tien Truong, Chairman of Vinatex’s Board of Directors, said that Dugarco’s biggest difference is that the proportion between the export market and the domestic market is close to the balance. Those valuable experiences of Dugarco need to be promoted widely in the units of the Group to work together towards sustainable development. In the coming time, Dugarco needs to be confident in the aspects that have done well to move towards autonomy within the framework.

Dugarco Board of Directors

Hoang Ve Dung, Chairman of Dugarco Board of DirectorsMr. Hoang Ve Dung, Chairman of Dugarco Board of Directors thanked Vinatex’s leaders for always caring, sharing, helping and supporting Dugarco’s path over the years. Dugarco hopes to continue receiving the support of Vinatex’s leaders to follow the right development direction in the next 5 years, develop a balance between the export market and the domestic market, and bring a happy life to all employees.

Mr. Hoang Xuan Hiep, Secretary of Party Committee – Rector of Hanoi University of Textile Industry (HTU) said, to ensure epidemic prevention, the school has prepared online teaching options. In the coming time, the University will continue to make creative and innovative efforts to achieve the goal of bringing HTU to sustainable development.

Le Tien Truong, Chairman of Vinatex Board of DirectorsMr. Le Tien Truong, Chairman of Vinatex’s Board of Directors, cum Chairman of the School Board of HTU, said that in 2021, HTU will have complete financial autonomy. The School Council has issued a resolution for the term 2021 – 2025 to have an organic Associate Professor appointed and must have a Master’s degree. The relationship between the University and businesses in the last 3 years has been better when there are quality products on the market. HTU needs to keep its position in the elite system of the textile and garment industry’s intellectuals.

At Garment Corporation 10-CTCP, MrGarment Corporation 10-CTCP. Le Tien Truong congratulated the Corporation on the achievements in production and business in 2020 that the Corporation achieved. Mr. Le Tien Truong added that in 2021, all May 10 employees should continue to promote solidarity and creativity in order to successfully realize the set goals.

Dong Xuan Knitting One-member Company LimitedHappy New Year at Dong Xuan Knitting One-member Company Limited (Doximex), Mr. Cao Huu Hieu, Deputy General Director of Vinatex commented, in 2020 with the efforts of all employees, the Company has overcome difficulties and achieved initial successes. Entering the year 2021, when the Covid-19 epidemic is having complicated developments, especially in Hung Yen province where Doximex’s factories are located there are infected people, Doximex leaders need to develop business plans to ensure ensure safety in epidemic prevention and meet the delivery time, fulfill the proposed plans, step by step overcome the difficulties of the Company.

Meeting going on VinatexTextile Research Institute Joint Stock CompanyHappy New Year at Textile Research Institute Joint Stock Company, Mr. Cao Huu Hieu said that in 2020, with the unity of all employees, the Institute has exceeded the set plan with revenue of 66 billion VND, profit more than 2 billion. In the coming time, Vinatex will continue to create all conditions to help Textile Research Institute JSC in scientific research topics.

Vietnam Textile and Garment Group - Vinatex Fashion CenterAt the branch of Vietnam Textile and Garment Group – Vinatex Fashion Center, Mr. Cao Huu Hieu congratulated all the Center’s staff on the occasion of the new year. Mr. Cao Huu Hieu emphasized that the Covid-19 epidemic is complicated, the Center needs to ensure safety requirements in the prevention of epidemics for employees and customers. In the coming time, Vinatex Fashion Center needs to research and add more diversified items to meet the shopping needs of consumers and step by step affirm Vinatex fashion brand.

Pham Nguyen Hanh - Deputy General Director of VinatexHappy New Year at the Textile and Garment Hospital, Ms. Pham Nguyen Hanh – Deputy General Director of Vinatex encouraged all staff, doctors, physicians, and medical staff at the Hospital for many years to make great efforts and success. In self-control, in addition to health care for workers in the DM industry and in the region, very difficult cases have been carried out in the conditions of a second-class hospital, with special care and effective initiatives. anti-epidemic Covid-19. In the coming time, with the complicated progress of the epidemic, the hospital collective first needs to stay healthy to fulfill their development orientation.

Meeting Vinatex

Group Photo - Vinatex

Difficult to get foreign partners to set up dyeing and finishing joint ventures

Vietnam’s garment industry is heavily reliant on imported raw materials: only 35% of the fabric it uses is made domestically, most cotton fibre is imported and the range of trim locally available is limited. As part of the plan to increase self-sufficiency, Vinatex announced in January plans for two 375-acre industrial parks in the Mekong Delta province of Tra Vinh and the northern province of Thai Binh. “Construction is expected to begin this year and both of them are expected to be fully occupied within the next five years,” said Vu Duc Giang, Vinatex general director.

However, it is proving difficult to get foreign partners to set up dyeing and finishing joint ventures. Many will not let their technologies go abroad. Problem in treating waste water are preventing businesses from setting up treatment factories or expanding existing factories. In Dong Nai province, for example, the local authorities had refused to grant an investment license to Dong A Textile Garment to set up a dyeing factory in the province. Above all, the country’s plans for more raw material capacity and greater cotton-growing areas are expensive, calling for around $4 bn to be invested over the next few years. Vinatex’s own budget is sparse: its capex plans for 2010 are just $61 mn, and filling those industrial parks means finding foreign investors.

Shanghai’s Texhong Textile Group, will invest $100m in a new yarn plant in Vietnam’s northern Quang Ninh province making cotton core-spun yarns. It will have a capacity of 200,000 spindles and use imported cotton fibre. Texhong opened its first Vietnamese plant in Dong Nai in 2006: it is now equipped with 210,000 spindles and employs 3,000.

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