In its proposal to Prime Minister Nguyen Xuan Phuc, the ministry of industry and trade has suggested creation of a national technical standard for garments and textile products. The new standard is to be made effective by the beginning of 2017. It would result in abolishing current regulation on inspection of formaldehyde content in textiles and garments. The ministry’s proposal is based on VITAS submission earlier that the current directive on inspection of formaldehyde content has no legal grounds, and is costly and time consuming, Vietnamese media reported. The ministry has also suggested that the government should conduct studies to grant licenses for setting up of large textile parks spread over 500-1,000 hectare. It also suggests providing finance at preferential interest rates to the companies setting up their units in such industrial parks. This would facilitate investment in modern technologies and wastewater management systems.