According to the Ministry of Industry and Trade (MOIT), in the first quarter 2008, Vietnamese textile and apparel industry had spent nearly US $13.5 million on importing different varieties of textile boards for local production. The figures witness an increase of 23.5 percent over same period 2007.
In March, the nation had to spend approximately $4.7 million for importing boards, a significant rise of 21.8 percent over previous month and 17.7 percent year-on-year. Among all suppliers, Korea remained at top position, by enjoying a strong growth of 51 percent.
In 2007, Vietnam imported textile boards that include elastic, cotton, fibre, worth $57.1 million, representing a year-on-year boost of 48.3 percent. Import from Korea came up to almost $18.3 million, accounting for 32.1 percent of total.
The nation also expended nearly $5.28 million for importing threads for local garment production units in March 2008, with a boost of 43.1 percent, compared to February showing hike of 26.9 percent over same period last year.
During the first three months of 2008, import turnover climbed to almost $14.1 million, representing a year-on-year growth of 47.5 percent.
Asian countries including China, Thailand and Japan are the largest suppliers of thread to Vietnamese garment industry.
The imports price of thread in Q1, for 100 percent polyester spun thread sourced from China stood at approximately $0.7 per reel and 100 percent polyester thread was at $1.03 per reel, up by 9.6 percent over same period of 2007.
The 100 percent cotton C60 thread, 310,000m per reel which was imported from Thailand quoted at nearly $4.52 per reel, a rise of 7.6 percent. In the same line, the price of the 100 percent polyester thread from Japan was around $4.84 per reel, a boost of 5.7 percent.
Fibre2fashion News Desk - Vietnam
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