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THE
PRIME MINISTER OF GOVERNMENT
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
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No:
55/2001/QD-TTg
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Hanoi, April 23, 2001
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DECISION
RATIFYING THE
STRATEGY FOR DEVELOPMENT OF VIETNAM�S TEXTILE AND GARMENT INDUSTRY TILL THE
YEAR 2010 AND A NUMBER OF MECHANISMS AND POLICIES TO SUPPORT THE IMPLEMENTATION
THEREOF
THE PRIME MINISTER
Pursuant to the Law on Organization of the
Government of September 30, 1992;
Pursuant to the overall planning for development of Vietnams textile and
garment industry till the year 2010, which was ratified by the Prime Minister
in Decision No.161/1998/QD-TTg of September 4, 1998, and the Prime Ministers
conclusions in the Government Offices Notice No.140/TB-VPCP of October 20, 2000
on the strategy for development of Vietnams textile and garment industry till
the year 2010;
At the proposal of the Vietnam Textile and Garment Corporation (in Official
Dispatch No.1883/TT-KHDT of December 19, 2000); and proceeding from the
opinions of the Ministry of Trade (Official Dispatch No.43/TM-XNK of January 5,
2001), the Ministry of Industry (Official Dispatch No.139/CV-KHDT of January
11, 2001), the Ministry of Planning and Investment (Official Dispatch
No.256/BKH-CN of January 12, 2001), the Ministry of Science, Technology and
Environment (Official Dispatch No.169/BKHCNMT-CN of January 15, 2001), the
Ministry of Agriculture and Rural Development (Official Dispatch No.152/BNN-VP
of January 16, 2001), the Ministry of Finance (Official Dispatch
No.1236/TC-TCDN of February 16, 2001) and the State Bank of Vietnam (Official
Dispatch No.36/NHNN-TD of January 10, 2001),
DECIDES:
Article 1.- To ratify the
strategy for development of Vietnams textile and garment industry till the year
2010 with the following contents:
1. Objectives:
To develop the textile and garment industry into
one of the key and spear-head export-led industries; to satisfy the higher and
higher domestic consumption demands; to create more jobs for the society; to
raise the Vietnamese products competitiveness; and to steadily integrate into
the regional and world economies.
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a/ With regard to the textile industry,
including: production of textile raw materials, yarns, weaving, printing and
dyeing:
- The State-run economic sector shall act as the
core and play the leading role; to encourage other economic sectors, including
foreign direct investment sector, to participate in the development thereof.
- The development investment must be linked to
the environmental protection; to plan the construction of clusters for yarn
production and finished weaving, printing and dyeing establishments far from
big urban centers.
- To concentrate investments on modern
facilities and equipment, high technologies, advanced techniques and high
specialization level. To attach importance to the designing of new textile
products, with a view to gradually consolidating the labeling prestige of
Vietnamese textile products on the international market.
- To reorganize the quality control system
according to the international standards, to make a leap-and-bound advance in
textile products quality, and to quickly raise their output, thus meeting the
export and domestic consumption demands.
b/ With regard to the garment industry:
- To accelerate the equitization of garment
enterprises where the State needs not to hold 100% of equities. To encourage
all economic sectors to invest in the development of the garment industry,
especially in populated areas and those with large labor forces.
- To step up the fashion designing and garment
product modeling activities. To increase investment in the improvement of the
production management and quality control systems, to apply economical
solutions in order to quickly raise the productivity, lower the production
costs and raise the competitiveness of Vietnamese garment products on the
international market.
c/ To step up the investment in developing areas
cultivated with cotton, silkworm mulberry and other fibrous plants, artificial
fibers, assorted raw materials, auxiliary materials, chemicals and dyes to be
supplied to the textile and garment industry, so as to be largely
self-sufficient in raw materials, materials and auxiliary materials, which
shall substitute for imports.
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3. Major targets:
a/ Production:
- By the year 2005, the outputs of the main
products shall reach: Fiber cotton 30,000 tons; synthetic fibers 60,000 tons;
assorted fibers 150,000 tons; finished silk fabric 800 million square meters;
knit products 300 million pieces; garment 780 million products.
- By the year 2010, the outputs of the main
products shall reach: Fiber cotton 80,000 tons; synthetic fibers 120,000 tons;
assorted fibers 300,000 tons; finished silk fabric 1,400 million square meters;
knit products 500 million pieces; garment 1,500 million products.
b/ Export turnover:
- By the year 2005: Between USD 4,000 and 5,000
million.
- By the year 2010: Between USD 8,000 and 9,000
million.
c/ Labor:
- By the year 2005: Between 2.5 and 3.0 million
laborers shall be employed.
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d/ The value ratio of domestic raw materials and
auxiliary materials used in export textile and garment products shall be:
- By the year 2005: Above 50%
- By the year 2010: Above 75%
e/ Development investment capital:
- The total development investment capital for
Vietnams textile and garment industry in the 2001-2005 period shall be around
VND 35,000 billion, of which around VND 12,500 billion shall go to the Vietnam
Textile and Garment Corporation.
- The total development investment capital for
Vietnams textile and garment industry in the 2006-2010 period shall be around
VND 30,000 billion, of which around VND 9,500 billion shall go to the Vietnam
Textile and Garment Corporation.
- The total capital for investment in
development of raw material cotton-growing areas till the year 2010 shall be
around VND 1,500 billion.
Article 2.- A number of
mechanisms and policies to support the implementation of the strategy for
development of Vietnams textile and garment till the year 2010
1. The State shall provide support funds from
the budgetary source and/or ODA source for projects on planned development of
raw materials regions, cotton and mulberry growing and silkworm rearing;
investment in waste water treating facilities; planning of textile industry
clusters; construction of infrastructure of new industrial clusters; training
and research activities of specialized textile and garment research institutes,
schools and centers.
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a/ Shall be entitled to borrow the States credit
capital for development investment, of which 50% shall enjoy an interest rate
equal to 50% of the currently prescribed interest rate at the time of capital
withdrawal, with a term of 12 years and a grace period of 3 years; the
remaining 50% shall be borrowed according to the regulations of the Development
Assistance Fund;
b/ Shall be considered domains of investment
preferences and enjoy investment preferences provided for by the Law on
Domestic Investment Promotion.
3. The Finance Ministry shall study and propose
the Government to submit to the National Assembly Standing Committee for
permission to apply the mechanism that home-made fabrics and apparel auxiliary
materials, which are sold to Vietnam-based units engaged in the production
and/or processing of exports, shall enjoy value added tax rates applicable to
exports.
4. The State enterprises engaged in fiber
production; finished weaving, printing and dyeing; textile raw materials,
apparel auxiliary materials and textile and garment mechanical engineering:
a/ In case of necessity, shall be provided
guarantee by the Government for the deferred payment procurement of equipment
and/or borrowing of commercial loans from suppliers or financial organizations
at home and abroad;
b/ Shall be re-allocated capital use levy for
the five-year period (2001-2005) for reinvestment;
c/ Shall be given priority in the additional
allocation of 30% of working capital in lump sum to each enterprise.
5. The whole source of collected textile and
garment quota and quota bidding charges shall be reserved for the expansion of
export markets, including expenses for activities of joining the international
textile and garment organizations, for trade promotion and textile and garment
human resource development.
6. The Government encourages enterprises to
boost the export of textile and garment products to the US market. The Finance Ministry shall assume the prime responsibility and coordinate with
the concerned bodies in studying in the second quarter of 2001, then submitting
to the Prime Minister the appropriate policy on support for textile and garment
products exported to the US market.
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1. The Industry Ministry shall coordinate with
the concerned ministries and branches in directing the Vietnam Textile and
Garment Corporation to:
- Build two or three pilot comprehensive textile
and garment clusters, then draw experiences therefrom and assist the Peoples
Committees of the provinces and centrally-run cities in organizing the wide
application thereof in their respective localities according to the overall
planning, in order to achieve the targets specified in Article 1 of this
Decision.
- Guide investors to make and complete dossiers
of projects in the fields specified in Article 2 of this Decision strictly
according to the current regulations.
- Finalize the Scientific and Technological
Strategy of this industry for the 2001-2010 period; organize the market
information system to help enterprises grasp the market demands and domestic
and foreign customers tastes.
2. The Ministry of Planning and Investment, the
Ministry of Finance, the State Bank of Vietnam and the Development Assistance
Fund shall base themselves on their respective assigned functions and tasks to
arrange and lend capital sources according to the annual plans for execution of
projects specified in Article 2 of this Decision.
3. The Ministry of Agriculture and Rural
Development shall coordinate with the Peoples Committees of the provinces and
centrally-run cities and the Vietnam Textile and Garment Corporation in
elaborating the planning for development of raw materials areas according to
the Strategy for development of Vietnams textile and garment industry till the
year 2010 ratified in this Decision.
Article 4.- This Decision
takes effect 15 days after its signing. To annul the previous stipulations
which are contrary to this Decision.
Article 5.- The ministers,
the heads of the ministerial-level bodies, the heads of the agencies attached
to the Government, the presidents of the Peoples Committees of the provinces
and centrally-run cities and the Vietnam Textile and Garment Corporation shall
have to implement this Decision.
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FOR THE PRIME MINISTER
DEPUTY PRIME MINISTER
Nguyen Tan Dung