Vietnam to import 12 mln tons of cotton, a 19 pct yoy this year

Vietnam, the world’s fifth largest garment exporter, will import 1.2 million tonnes of cotton this year, which represents an increase of about 19 percent from the previous year 2015, an industry official said on Wednesday.

Vice Chairman Nguyen Son of the Vietnam Cotton and Spinning Association said that most of the imported cotton will come from the United States, which has been Vietnam’s top supplier of the raw material, followed by India, Brazil and Australia.

The move is aimed to meet rising demand from its textile industry while domestic output is insignificant.

According to the trade ministry, Vietnam’s second biggest cash earner after smart phones is its textile and garment exports which is expected to increase by 36 percent to $31 billion this year.

Recent Posts

bioPEtex project explores bio-based PE for textile production

In the German research project bioPEtex, BB Engineering is collaborating with several partners to develop textiles made entirely from bio-based…

8 hours ago

Bcomp, Chapoget create sustainable luxury Cabin Trunk

Chapoget has partnered with Bcomp for advanced ampliTex flax fibre composites to develop the Cabin Trunk, a modern reinterpretation of…

8 hours ago

Epoch Biodesign to support textile recycling in Europe

Epoch Biodesign has joined the T2T Alliance to support the development of regulatory systems that can help expand textile-to-textile recycling…

8 hours ago

Monforts launches digital platform to access finishing technologies

Monforts has introduced a new digital platform designed to help textile manufacturers access the company’s finishing technologies and technical knowledge.

1 day ago

Bioforcetech partners to develop circular material, OurCarbon

Bioforcetech (BFT), a Bay Area-based company focused on waste conversion and carbon-negative materials, has announced a new partnership with RDD…

1 day ago

Polygiene introduces OdorCrunch 2.0 for improved odor control

Polygiene has announced the launch of Polygiene OdorCrunch 2.0, a new odor capture technology created to reduce unpleasant smells in…

1 day ago