Ministry of Industry (MOI) recently, designed a plan to mobilize capital for 2006–2010 period to develop industry sectors, especially power, oil and gas, textile and garment and footwear.
MOI estimated total capital needed for industry sector of the country at 900 trillion VND or $56.25 billion, accounting for 40 percent of entire capital required in the five-year period.
Among the industries, most capital of 350 trillion VND will be invested in power sector, followed by oil and gas at 200 trillion, 78 trillion for coal and minerals, textile and garment with 50 trillion.
Regarding the capital needed for sectors of textile, garment and footwear industry, the scheme directs to mobilize capital from various sources by themselves, such as own capital, bank's credit and foreign finance etc.
As for state–owned enterprises of these sectors, they should use the mobilized capital sources to focus on producing materials for their own production, especially sub–sectors of knitting and dyeing, fabric and fibres.
Fibre2fashion, News Desk - Vietnam
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