The competitiveness of Vietnam's yarn spinning industry is increasing

'Vietnam Economic Times' reported on August 28: The chairman of the Vietnam Textile Association, Wu Dejiang, said that there are currently about 800 spinning enterprises in production in Vietnam. Because most of them have adopted advanced spinning equipment, the supply of high-quality lint is sufficient. The international competitiveness of enterprises, especially cotton yarn spinning enterprises, is increasing. Cotton yarn products have entered the markets of many countries, and orders from a factory in Dong Nai Province have been scheduled to the end of the year. The spinning factory newly invested in the past two years has a high degree of automation, which greatly saves labor costs. Vietnam has exported 1.8 billion U.S. dollars of cotton yarn in the first half of this year. It is estimated that the annual export value of cotton yarn will exceed 3 billion U.S. dollars, mainly to China, Taiwan, and Middle East countries. Article keywords: 　Vietnam cotton yarn spinning overseas textile