Home / Knowledge / News / Textiles / African cotton preferred by textile producers
African cotton preferred by textile producers
23
Aug '11
African cotton has become a preferred choice for textile producers in Vietnam owing to its superior quality and comparatively lower prices, according to Vu Duc Giang, Chairman of Vietnam Textile and Apparel Association (VITAS).

Speaking at a seminar co-hosted by VITAS, Ministry of Industry and Trade (MoIT), Vietnam Cotton and Spinning Association, and the International Trade Centre, Mr. Giang stated that Vietnamese textile producers are set to import increasing quantity of cotton from the African countries.

In 2010, Vietnam imported 357,300 tons of cotton including from India, the US, Africa and a number of other countries. However, cotton imported from African countries was best able to meet the requirements of the domestic industry, Mr. Giang said.

Deputy Minister of MoIT, Ho Thi Kim Thoa, said that mutual trade between African nations and Vietnam has grown considerably over the past few years. But, a huge potential still remains unexploited, she added.

Further while speaking at the meeting aimed at enhancing cotton exports from East and Southern Africa to Vietnam, Ms. Thao said that the meeting would help in better dissemination of information regarding cotton output and markets while developing a direct link between Vietnamese firms and their African associates.

Vietnam imported 47,659 tons of cotton from Africa at a cost of US$ 193.86 million during last year. The imports of cotton from South Africa alone stood at 16,768 tons costing around US$ 68.86 million.

The Vietnamese producers were required to import cotton from Africa through intermediaries, which posed many problems both for the importers as well as the exports and even led to a rise in import costs.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X