Home / Knowledge / News / Textiles / Vietnam to boost cotton & fabric production
Vietnam to boost cotton & fabric production
07
Nov '15
Vietnam will increase its cotton and fabric production to meet the high demands of garment exporters, said an official of Vietnam Cotton and Spinning Association (VCOSA) at the recently concluded 15th Vietnam International Textile & Garment Industry Exhibition, as per Vietnamese media reports.

Nguyen Hong Giang, general secretary of VCOSA, said that domestic garment exporters will need to make use of either locally produced cotton or import cotton produced by the member countries of the Trans-Pacific Partnership (TPP) in order to take advantage of the tax cuts while shipping products to TPP markets.

Vietnam will also have to follow the yarn-forward rule of origin, which requires all items required in manufacturing a garment to be made in one of the 12 nations party to the TPP.

To take into account the fabric forward rule of origin under the Free Trade Agreement (FTA) signed with EU, it also needs to boost its fabric production capacity. Vietnam's domestic fabric production is about 3 billion square metres while its requirement is of 8.5 billion square metres.

Giang also pointed out that textiles and dyeing are the two main sectors that are holding-up the production. The country has received investments worth $3 billion in the areas of textile and dyeing in the last 18 months.

But for Vietnam to meet its demand for fabric and to follow the rules of the TPP and FTA with Vietnam, Giang said that incentive for business must be provided in the form of infrastructure, land in industrial parks, proper sewage treatment, and environment management capacity to attract investments. (HO)

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Sanjay Yagnik
Maa Tex Speciality

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

Johan Berlin
InvestKonsult Sweden AB

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

Paolo Ocleppo
Sandvik Hyperion

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

Suresh Patel
Sidwin Fabric

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

Bani Batra

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

Robert Brunner
Devereux

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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