Home / Knowledge / News / Textiles / Cotton imports mounts up in Jan-Nov period
Cotton imports mounts up in Jan-Nov period
24
Dec '08
In the period from January to November, of the ongoing year, Vietnamese textile and garment industry imported 266,000 tons of cotton for local production, worth US $416 million, showcasing a growth by 35.6 and 68.4 percent in terms of volume and value respectively over same period 2007.

According to an official source from Ministry of Industry and Trade, the figures of November only are 25,000 tons for US$ 40.2 million, depicting a rise of 17.37 and 14.5 percent respectively in comparison with October this year.

According to market experts, manufacturers are now relying on imported cotton as the import tax on cotton is declining in accordance with regulation of Vietnam entrance in WTO.

Now this is a serious issue. With the increasing imports, local cotton ginners have to close their factories since the growers are not getting deserving revenue they have started shifting their focus on other agricultural products.

Fibre2fashion News Desk - Vietnam

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mark Paterson
Technical Absorbents Ltd

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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