Vietnam’s cotton imports maintain substantial growth

According to a report by Vietnam’s “Economic Times” on August 18, Vietnam’s cotton planting has achieved little success in the past 10 years. In 2013, Vietnam’s cotton output was about 5,000 tons, which only met 1.2% of the cotton raw material demand of the spinning industry. According to statistics from the General Administration of Vietnam Customs, Vietnam imported more than 580,000 tons of cotton in 2013, with an import value of approximately US$1.17 billion, a year-on-year increase of 39%; in the first seven months of 2014, it imported 458,000 tons of cotton, with an import value of approximately US$919 million, an increase of 34% respectively. %, 36.3%. The main import sources are: the United States, South Asia, and Africa.