News Tags

Related Keywords: depends on imported cotton, export, garment and textile export, imported increasingly bigger volumes, recent years to feed growing, textile and garment production, Vietnam yarn industry

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,

Related Keywords: FDI, garment and textile export, GSO, import from China, textile fiber, trade deficit, Vietnam trade surplus

Vietnam recorded a trade surplus for the third consecutive year, after recording surpluses of US$280 million in 2012 and more than US$860 million in 2013. This year it is touched US$2 billion according to the General Statistics Office (GSO).

According to the GSO, foreign direct investment (FDI) enterprises contributed to the majority of revenues of Vietnam's key export products which includes garment and textile exports, accounts 59.4 percent of US$20.77 billion.

Related Keywords: AGTEK, domestic and international supplier, equipment and technologies, garment and textile export, Taiwan Association of Machinery Industry, textiles and garments industries, VGT 2014, Vietnam International Garment and Textile Exhibition

The Vietnam International Garment and Textile Exhibition 2014 (VGT 2014) the 14th edition of this kind ever held in the country kicked off here on Wednesday, VTG 2014 is expected to be an exclusive business platform for domestic and international quality suppliers of textiles and garments industries.