U.S. fibre firms likely to be suppliers of Vietnam’s textile market

The U.S. Cotton Association survey shows that Vietnam is a very potential market with garment being a country’s key export product. At a meeting held in Ho Chi Minh City on Monday, many U.S. fibre firms expressed their desire to become suppliers of Vietnamese garment and textile companies.

There are not much fibre plants in Vietnam, local firms are dependent on import and most materials, over 80 percent is imported from China and India.

According to the Cotton Association, Vietnam being a member of Trans-Pacific Partnership (TPP), U.S. firms will be able to boost their access to Vietnamese market in the upcoming time which is considered to be their strategy for imminent advantages from the agreement, as American fibre has good quality and competitive price.

It is forecast that the industry’s export turnover will strongly increase once free trade agreements take effect.

Recent Posts

University of Copenhagen develops nanofibre patch for psoriasis treatment

Researchers have created an innovative nanofibre patch that aims to simplify and improve the treatment of psoriasis, a common skin…

2 hours ago

Clothing 2.0, The Marena Group to revolutionize medical garments

Clothing 2.0 has teamed up with The Marena Group LLC, a leader in medical-grade compression garments to transform the recovery…

2 hours ago

Polartec expands eco-friendly weather protection fabrics

Polartec has enhanced its Power Shield range, as it continues to replace petroleum-based materials with renewable alternatives while improving fabric…

2 hours ago

Uncaged Innovations partners to launch leather alternative

Biomaterial company, Uncaged Innovations, has collaborated with ten independent fashion brands to launch Elevate, a new eco-friendly luxury leather alternative.

1 day ago

Rudolf enhances digital pigment printing

Rudolf introduced the Digital Pigment Printing Toolbox, a package of pre-treatment products to improve the quality and sustainability of pigment…

1 day ago

Aquafil Group unveils sustainable yarns

Aquafil Group, the innovator behind ECONYL regenerated nylon, has launched the ECONYL Bespoke Collection that mimic the aesthetics of natural…

1 day ago