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

Denim Deal, World Collective to scale circular denim production

Denim Deal, an initiative to promote circular practices in denim production, is working toward expanding textile recycling efforts in India…

4 hours ago

NFW introduces biobased alternative to traditional rubber outsoles

Natural Fiber Welding (NFW), based in Peoria, Illinois, has introduced Pliant footwear outsoles made entirely from bio-based natural rubber.

4 hours ago

Pangaia launches Courtside Capsule with bio-based performance fabric

Inspired by racquet sports, Pangaia has introduced a new collection that focuses on movement, material innovation, and modern dressing.

4 hours ago

Karl Mayer opens Textile Innovation Center

Karl Mayer has officially launched its Textile Innovation Center (TIC), marking an important step toward advancing global textile innovation and…

1 day ago

Polartec introduces Standard Issue to reduce dyeing complexity

Polartec, a brand under Miliken & Co., has launched Standard Issue, a new pre-dyed option available in black for its…

1 day ago

GFA launches Asia Policy Matrix to enhance textile supply chains

GFA has introduced the GFA Policy Matrix: Asia, a new resource that outlines sustainability policies across eight major textile-producing countries…

1 day ago