Vietnam will import an estimated 580,000-600,000 tonnes of cotton this year, up by nearly 15 percent from last year’s figure.
In the first nine months of the year, cotton import reached nearly 430,000 tonnes, worth 864 million USD, a year-on-year increase of 35 percent.
The Vietnam Cotton and Spinning Association attributed the increase in cotton import to rising demand for cotton fibers of domestic garment and textile firms.
Last year, Vietnam purchased 420,000 tonnes of cotton from abroad, compared to only 150,000 tonnes in 2005, putting the country in the world’s top five cotton importers.
The US, India, Australia, Brazil, Ivory Coast, Pakistan, China and Indonesia are major cotton suppliers for Vietnam. Among them, the US makes up 43.5 percent of the nation’s total cotton import.-VNA
In the first nine months of the year, cotton import reached nearly 430,000 tonnes, worth 864 million USD, a year-on-year increase of 35 percent.
The Vietnam Cotton and Spinning Association attributed the increase in cotton import to rising demand for cotton fibers of domestic garment and textile firms.
Last year, Vietnam purchased 420,000 tonnes of cotton from abroad, compared to only 150,000 tonnes in 2005, putting the country in the world’s top five cotton importers.
The US, India, Australia, Brazil, Ivory Coast, Pakistan, China and Indonesia are major cotton suppliers for Vietnam. Among them, the US makes up 43.5 percent of the nation’s total cotton import.-VNA
