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| Viet Nam increases cotton imports to meet the demand for cotton fibers of domestic garment and textile firms. Photo 24h.com.vn |
HA NOI (Biz Hub)— Viet Nam will import some 580,000-600,000 tonnes of cotton this year, up nearly 15 per cent from last year's figure.
In the first nine months of the year, cotton imports reached nearly 430,000 tonnes, worth US$864 million, a year-on-year increase of 35 per cent.
The Viet Nam Cotton and Spinning Association attributed the increase in cotton imports to the rising demand for cotton fibers of domestic garment and textile firms.
Last year, Viet Nam purchased 420,000 tonnes of cotton from abroad, compared to only 150,000 tonnes in 2005, becoming one of the world's top five cotton importers.
The US, India, Australia, Brazil, Ivory Coast, Pakistan, China and Indonesia are major cotton suppliers for Viet Nam.— VNS