The planned restructuring of the textile and garment sector will make Ho Chi Minh City the country's "center of fashion design" within 20 years, the Ministry of Industry and Trade has said.
Manufacturing will be gradually relocated to other provinces, leaving the city to focus on design.
The Saigon Times newspaper quoted a draft of the ministry's plan as saying HCMC will need VND33 trillion (US$1.58) for the purpose.
Thirty percent of the amount will be earmarked to develop the design industry, which will include opening more design centers and fashion showrooms in areas like districts 1, 3, 5, and 10.
The rest of it will be used to shift existing textile and garment factories to neighboring provinces like Long An, Tay Ninh, Binh Duong, and Dong Nai, and upgrade and expand them.
Industry insiders said at a consultative conference held on December 27 to discuss the plan that the city also needs to focus on training designers capable of turning it into a fashion hub.
Le Quoc An, head of the consultancy for the Vietnam Textile and Apparel Association, proposed a $50 million project to send 500 fashion design majors to study in the US and Europe.
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