Home / Knowledge / News / Textiles / Vietnam, US bodies discuss cooperation in cotton trade
Vietnam, US bodies discuss cooperation in cotton trade
13
Sep '13
US cotton exporters, represented by the US Staple Cotton Cooperative Association, have discussed ways to step up cooperation with their Vietnamese customers in Ho Chi Minh City.
 
During the meeting, Vietnam Cotton and Spinning Association (VCOSA) secretary general Nguyen Hong Giang said mutual understanding between the US’s cotton sector and Vietnam’s spinning industry would play an important role in enhancing trade relations and reducing risks caused due to changes in prices and markets, Vietnam Plus reported.
 
Hank Reichle from the US Staple Cotton Cooperative Association said they have launched a programme to support their Vietnamese customers.
 
During the meeting, the two sides exchanged information about cotton output as well as global demand and supply situation. 
 
Both sides also discussed risk control solutions in order to better cope with fluctuation in prices.
 
The demand for cotton is rapidly growing in Vietnam, along with its increase in apparel and textile exports.
 
In 2012, Vietnam imported 420,000 tons of cotton, which puts it amongst the top five cotton importers in the world. The country is also one of the top ten consumers of cotton, globally.
 
Vietnam imports about 40 to 50 percent of its cotton requirement from the US.
 

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 8th Dec 2016

China’s economy on track to meet growth expectations

China’s GDP has grown at 6.7 per cent in the first three quarters of...

SSM TK2-20 CT

Textiles | On 8th Dec 2016

SSM shows winding & air-texturing machines at India ITME

SSM (Schärer Schweiter Mettler AG), a leader in yarn processing and...

Textiles | On 7th Dec 2016

New Texprocil chairman bats for increased UPI adoption

Ujwal Lahoti, the new Cotton Textile Export Promotion Council...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Jay Ramrakhiani
Occasions Elegance Wear

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search