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

Rick Helfenbein (left), president and CEO of AAFA, with Juan Estrada, chief of party, Hub; Courtesy: Hub

Apparel/Garments | On 23rd Feb 2017

AAFA inks agreement for best manufacturing in East Africa

The American Apparel & Footwear Association (AAFA) has entered into a ...

Mango vice-chairman and member of the board of directors Daniel Lopez (L) with Ananth Narayanan, CEO, Myntra & Jabong. Courtesy: Myntra

Apparel/Garments | On 23rd Feb 2017

Mango awards distribution & management rights to Myntra

Mango, the Spanish fast fashion brand, has awarded its master...

Courtesy: IUCN

Apparel/Garments | On 23rd Feb 2017

Synthetic clothes should shed fewer fibres: IUCN report

Synthetic clothes should be designed in a manner that it will shed...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

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

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Paolo Ocleppo
Sandvik Hyperion

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

Johan Berlin
InvestKonsult Sweden AB

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Robert Brunner
Devereux

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

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search