HCM CITY (Biz Hub)— The Viet Nam National Textile and Garment Group (Vinatex) plans to build a garment and fiber factory in HCM City's rural district of Can Gio in an effort to reduce the poverty rate.

The plan to build a factory employing 2,000 workers was approved by Dinh La Thang, secretary of HCM City's Party Committee, who met with Vinatex's leader on Friday.

Up to 44 per cent of households in Can Gio live under the poverty line, Thang said.

The garment factory would be a short-term solution to alleviate the poverty rate in the district, he said.

The factory is expected to offer 2,000 jobs, with priority given to local residents, according to Le Tien Truong, general director of Vinatex.

Thang asked Vinatex and leaders of Can Gio to promptly complete necessary procedures for the project. — VNS