Business

Thua Thien-Hue pours nearly 52 bln VND into support industry

The central province of Thua Thien-Hue has decided to pour nearly 52 billion VND (2.26 million USD) into the support industry between now and 2025.
Thua Thien-Hue pours nearly 52 bln VND into support industry ảnh 1Illustrative image (Source: VNA)
Thua Thien – Hue (VNA) – The central province ofThua Thien-Hue has decided to pour nearly 52 billion VND (2.26 million USD) intothe support industry between now and 2025, towards meeting nearly 35 percentand 55 percent of local demand for industrial manufacturing by 2020 and 2025,respectively.

Accordingly, 24.65 billion VND (1.07 million USD) will beearmarked for 2017-2020 and the remaining for 2021-2025.

Priority fields will include support industry for garment,leather and footwear; metallic, plastics and rubber spare parts and those usedfor electricity and electronics.

In the foreseeable future, an industrial centre for garmentsector will be based in Phong Dien industrial park to serve the whole centralregion and the country.

The province is calling for building a high-quality factoryto churn out parts of shoes as support industry products for the footwearsector, and developing projects on manufacturing fabric and materials for the garmentsector.

By 2020, Thua Thien-Hue endeavours to produce more than100,000 tonnes of fiber and 20 million metres of fabric. The respective figureby 2025 will be 150,000 tonnes and over 45 million metres.

Support industry products for the garment sector areexpected to meet more than 70 percent and 80 percent of local demand by 2020and 2025, respectively. The respective figure for medical equipment andelectricity-electronics will be over 35 percent and 55 percent.

The province will also give priority to support industry inservice of high-tech industry, including software and services, machinerymaintenance and repair, among others.-VNA
VNA
#support industry #garment sector #industrial manufacturing #factory #high-tech industry #machinery maintenance and repair #fabric #fiber #Thua Thien Hue #Vietnam #VietnamPlus #Vietnam news Thua Thien-Hue
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