Home / Knowledge / News / Apparel/Garments / Vietnam govt to help garment sector reduce dependence on imports
Vietnam govt to help garment sector reduce dependence on imports
19
Nov '11
With an aim to help the domestic garment and textile industries to reduce their reliance on imported raw materials, the Government of Vietnam is carrying out a survey of the domestic cotton industry.

The survey, being carried out by the Ministry of Industry and Trade, will help the domestic industry to enhance the level of value addition to the textile and garment items produced locally and will thereby help the domestic garment industry to decrease its reliance on imported inputs.

According to the Vietnam Cotton and Fibre Association, 2000 was the best year for the cotton industry as during the year around 32,000 to 36,000 hectares of land in the country was under cotton cultivation. This cotton cultivation acreage dropped to just 17,300 hectares in 2006-07 and to a mere 3,000 hectares in 2008. However, it started recovering since last year when cotton was cultivated on an area of 10,400 hectares. During all these years, the Association stated, the domestic production catered to just one percent of the domestic demand.

As stated by Vietnam Textile and Garment Corporation (Vinatex) General Director Mai Hoang An, of the country's current overall cotton requirement of 370,000 tons per annum, only 4,000 tons is supplied by the domestic market, and the rest is imported.

In 2010, Vietnam exported garments worth US$ 11.2 billion, but it imported fibres and fabric worth US$ 6.5 billion, Mr. An said. He added that while the gross export value of Vietnamese garments is high, the net added value of the same remains low due to the industry's dependence on imported raw materials.

Ministry of Industry and Trade's Light Industry Department Deputy Head, Tran Hung, said the growth of cotton cultivation in Vietnam is largely based on weather conditions, and the quality as well as quantity of the cotton produced in the country is not uniform and satisfactory.

In order to bolster the domestic cotton industry, the Government's budget resources are being utilised to extend financial help for developing infrastructure like irrigation systems for cotton-cultivating areas. The aim is to enhance the productivity and quality of domestic cotton, and thereby raise its global competitiveness.

Vietnam Cotton and Fibre Association Chairman, Tran Dang Tuong, also recommended developing of a model cotton farm which can reap quality output with enhanced volumes and can thus serve as an example for other cultivators.

He said the Government should think about setting up a cotton price stabilization fund to extend financial help to cotton cultivators and to ensure stability in crop prices. This could even serve as help to investors desirous of undertaking cotton cultivation on a large scale, he added.

Presently, Vietnam's Government is aiming to boost the country's cotton cultivation acreage to 30,000 hectares with an average output of 1.5 to 2 tons per hectare by 2015.

Fibre2fashion News Desk - India


Must ReadView All

Union Minister for finance Arun Jaitley chairing the 25th GST Council meeting, flanked by minister of state for finance Shiv Pratap Shukla (right) and finance secretary Dr Hasmukh Adhia. Courtesy: PIB

Textiles | On 20th Jan 2018

GST rate on velvet fabric reduced to 5%

The 25th Goods and Services Tax (GST) Council meeting, held under the ...

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

Textiles | On 20th Jan 2018

RIL petrochemicals’ revenue grows 47.6% in Q3 FY18

The revenue from the petrochemicals segment at Reliance Industries...

Courtesy: Cotton USA

Textiles | On 20th Jan 2018

US cotton bodies pledge to support CCI activities

Ten US cotton organisations have pledged industry contributions in...

Interviews View All

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

January 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search