JavaScript is off. Please enable to view full site.

Vietnam's 2016 cotton imports seen up 19 pct y/y to 1.2 mln T

Vietnam's 2016 cotton imports seen up 19 pct y/y to 1.2 mln T

Thursday, July 07, 2016, 09:34 GMT+7

Vietnam, the world's fifth largest garment exporter, will import 1.2 million tonnes of cotton this year, an industry official said on Wednesday.

This represents an increase of about 19 percent from 2015. The move is aimed to meet rising demand from its textile industry while domestic output is insignificant

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, Vice Chairman Nguyen Son of the Vietnam Cotton and Spinning Association told Reuters.

Vietnam's exports of textiles and garments, the country's second-biggest cash earner after smart phones, are projected to jump 36 percent this year to $31 billion, according to the trade ministry.

Reuters

More

Read more

;

Photos

VIDEOS

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Experience summer sand-boarding in Mui Ne

Sand-boarding, a popular activity amongst local children in the coastal tourism town of Mui Ne in south-central Vietnam, is attracting hundreds of tourists to the Red Sand Dunes

Latest news