Home / Knowledge / News / Textiles / 'Vietnam sources 50% of textile raw material from China'
'Vietnam sources 50% of textile raw material from China'
30
Oct '13
China supplies about 50 percent of all textile raw materials sourced by Vietnam, speakers said at a seminar on ‘New trade agreements and its impact on Vietnam textile sector’, held in HCM City, last week, the Vietnam National Textile and Garment Group (Vinatex) said on its website.
 
Cotton, fibres, fabrics, buttons, sewing materials, etc. are the main raw materials imported by Vietnamese companies engaged in manufacturing of garments for exports.
 
Except for cotton, which is imported from Australia, India and the US, most of the raw materials and accessories are imported from China, the speakers at the seminar said.
 
They said the sourcing of raw material is a critical issue for the development of enterprises engaged in manufacturing, and generally the amount of raw material imports in a year is always higher than the quantity imported the previous year.
 
According to Vietnam Cotton Association (VCOSA), China now plays a huge role in controlling the supply of raw materials for the textile industry worldwide.
 
At present, China accounts for 27 percent of global cotton supply, 60.42 percent of fibre supply, 50.6 percent of fabric supply, and 48 percent of spindles, VCOSA representative said at the seminar.
 
Vo Tri Thanh, deputy director of research at the Central Institute of Economic Management (CIEM), said several small and medium-sized enterprises in Vietnam went bankrupt in 2012, many of them because of over-dependence on China.
 
The amount of intermediate imported goods is too large, and the survival of small and medium enterprises depends heavily on the import of goods from China, Thanh added.
 
The competitiveness of Vietnamese industries that support the garment manufacturing and export sector is very weak, and hence the Vietnamese clothing sector is heavily dependent on the Chinese market, both for intermediate and final consumer goods, Thanh said.
 
China was the leading supplier of fabric to Vietnam in January-July 2013 period, and Vietnam’s fabric imports from China grew by 26.45 percent year-on-year to US$ 2.1 billion, according to Vietnam customs statistics. In comparison, Vietnam’s total fabric imports during the seven-month period rose by 18.97 percent year-on-year to US$ 4.7 billion.
 

Fibre2fashion News Desk - India


Must ReadView All

Turkish-Algerian JV to set up textile unit in Relizane

Textiles | On 17th Jan 2018

Turkish-Algerian JV to set up textile unit in Relizane

Construction of one of Africa's largest textile production...

Courtesy: Indorama Ventures

Textiles | On 17th Jan 2018

IVL, Huvis to enter JV for Low Melting Fibre plant in US

Indorama Ventures Limited (IVL), a global chemical producer, and...

Future Group to set up garment manufacturing in Bengal

Apparel/Garments | On 17th Jan 2018

Future Group to set up garment manufacturing in Bengal

Kishore Biyani-led Future Group is going to set up a garment...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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
68.8%
No
13.5%
Skip
17.7%

Total Votes: 96

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
63.5%
No
29.2%
Skip
7.3%

Total Votes: 96

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
87.5%
No
9.4%
Skip
3.1%

Total Votes: 96

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
82.3%
No
8.3%
Skip
9.4%

Total Votes: 96


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