Vietnam’s textile and garment industry, from a modest position, has risen as an important industry of the country, employing more than 2 million workers and earning an export turnover of $ 6 billion with stable growth over 15% a year (2005, 2006). The goal of the industry is to achieve the export target from $ 10 to $ 12 billion by 2012 and will rise to become the leading industry of Vietnam.
Contributing to creat a tremendous growth that is the role of Vietnam Textile and Garment Corporation, now it is Vietnam Textile and Garment Group (Vinatex).
In addition to maintaining production, investment dedicated to the textile industry, Vinatex also flexibly change structure in the direction of multi-industries, multi-ownership to maximize its potential. Vinatex’s activity scope in this period (2006) has been expanded to investment in finance and banking, trading in the Industrial Park infrastructure, trading in materials and equipment…
Implementation of the policy on the approval of development plans Vietnam Industrial Parks to 2015 and orientations to 2020 of the Prime Minister at the Decision No. 1107/QD-TTg dated 21/08/2006.
Based on the ability and target to produce 1 billion meters of cloth per year, which the Ministry of Industry and Trade entrusts to Vietnam Textile and Garment Group, Vietnam Textile and Garment Group has oriented to develop the center of textile and garment industry in Nam Dinh because this is the cradle of the industry. On June 12, 2007, Vietnam Textile and Garment Group decided to establish Vinatex Investment Joint Stock Company in Nam Dinh City, now it is changed its name into Bao Minh Industrial Park Infrastructure Joint Stock Company to carry out the project, including 8 founders are the member units of the Group. By the Decision No. 463/QĐ-TĐDM dated 15/08/2007 of Vietnam Textile and Garment Group on entrusting the project on construction and trading infrastructure of Bao Minh Industrial Park.
With the industrial development strategy of Nam Dinh province, Nam Dinh People’s Committee has strongly supported the development orientation of the textile and garment industry. Therefore, on September 27, 2007, Nam Dinh People’s Committee issued the Decision No 2189/QĐ-UBND on assigning Bao Minh Industrial Park Infrastructure Investment Joint Stock Company as the investor of the project of trading and leasing exploiting infrastructure of Bao Minh Industrial Park, Vu Ban district, Nam Dinh province.
On December 20, 2007, Nam Dinh People’s Committee issued the Investment Certificate No. 373/UBND-VP5 for the first time code: 07121000039 to implement the project of building and trading infrastructure of Bao Minh Industrial Park with the scope of more than 150ha in Lien Minh Commune, Lien Bao Commune, Kim Thai Commune, Vu Ban District, Nam Dinh Province.