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Cotton yarn exports to China continue to surge in Vietnam - this year Textile information - Textile net - Textile integrated service provider

by:Chengyi     2020-07-11
This year, foreign investment continues to increase, Vietnam textile and garment industry to foreign investment in Vietnam spinning industry confidence has improved, Vietnam also continued to expand the capacity of local cotton, will add 100000 spindles. At present, Vietnam has about 100 spinning mill, the total number of spindles of about 8. 5 million pounds, yarn production is expected to more than 2 million tons this year. It is reported, Vietnam yarn 65% for export, mainly export to China, South Korea and Turkey. Yarn exports this year is expected to reach 1. 3 million tons, up 10% from a year earlier, the cotton accounts for about 65%, to 84. 50000 tons. Vietnam this year cotton yarn exports to China continue to surge. Statistics show that from January to September this year China's total imports Vietnam cotton 54. 170000 tons, year-on-year growth of 16. 81%. Total imports this year is expected to reach 700000 tons. At present, China is still a Vietnam cotton largest export destination, account for more than 80% of Vietnam's cotton yarn exports this year.
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