Vietnam’s yarn industry heavily depends on imported cotton, has imported increasingly bigger volumes of the material in recent years to feed its growing textile and garment production and export.
According to its Ministry of Industry and Trade, Vietnam imported 140,000 tons of cotton worth 244 million U.S. dollars in January, up 49.7 percent in volume and 51.1 percent in value against January 2017,
Vietnam’s cotton import surged from 150,000 tons in 2005 to nearly 1.3 million tons in 2017. Last year, the country spent over 2.3 billion U.S. dollars importing cotton, posting a year-on-year rise of 41.2 percent.
Vietnam reaped 2.3 billion U.S. dollars from exporting garments and textiles in January, up 7.6 percent on-year, mainly to the United States, the European Union, Japan and South Korea.
The country’s garment and textile export turnovers were over 25.9 billion U.S. dollars last year, up 8.8 percent and its biggest cotton import market is the United States, tailed by India, Australia, Brazil and Cote d’Ivoire.
Better Earth has introduced the Farmer's Fiber Retail Collection, a new range of BPI-certified, US-made compostable molded fiber plates and…
Researchers have developed an innovative wireless tagging system that can identify objects and measure temperaturE without using traditional microchips.
Avantium has made a major breakthrough in textile recycling, developing a unique method to separate and reuse both cotton and…
Ventile has teamed up with Norwegian brand Northern Playground to introduce a new lightweight anorak designed for both outdoor adventures…
Faherty Brand has announced a new collaboration with Alternew to improve the shopping experience by offering convenient alteration services to…
GFA and PDS Ventures are searching for early-stage innovators with sustainable solutions that can transform the fashion and textile supply…