We are pleased to share with you the latest VCOSA statistical report on the cotton and yarn industry for the month of June 2024.
Starting from January 2024, the full weekly and monthly reports will only be available for free to VCOSA members. To access the complete weekly report with figures, charts, and detailed analysis of the cotton fiber market in the past week, interested parties are kindly requested to contact VCOSA to subscribe to the newsletter.
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Making cotton fair and sustainable for all from farm to fashion.Christina Parmionova
The document summarizes the agenda for World Cotton Day 2023, which will take place on October 4th in Vienna, Austria. The event is jointly hosted by UNIDO and FAO, in cooperation with other international organizations. The theme is "Making cotton fair and sustainable for all, from farm to fashion". The agenda includes a high-level plenary session, partnerships for progress session, and thematic panels on sustainability/innovation and competitiveness/trade. There will also be a cotton exhibition, fashion show, and closing reception. The goal of the event is to bring together stakeholders from across the cotton sector to discuss development, resources, and expertise to enhance fairness and sustainability.
Challenges of Apparel Exports from India - Presentation @ Indian Institute...SN Panigrahi, PMP
I had an Opportunity to Provide Training to the Officials of Directorate of MSME, Govt. of West Bengal on "Training of Master Trainers for Export Consultancy in the Gems and Jewellery & Apparel Sector of West Bengal“
Through Indian Institute of Foreign Trade (IIFT), Kolkata on Hybrid Mode on 1st Dec'2021.
This is Part of West Bengal Government's Strategy to Promote Exports from the State. West Bengal Government Targeted to Double the Apparel Exports from the State in next 3-5 Years.
SN Panigrahi
2008 - International Institute for Sustainable Developmen.pdfMdHasanSheikh1
This document summarizes a report on the global cotton market. It finds that demand for cotton is expected to remain steady despite competition from synthetic fibers, though COVID-19 may impact short-term demand. Cotton supports the large textile and apparel industries and provides livelihoods for many farmers. While cotton production faced deficits in recent years, demand is concentrated in Asia and moderate growth is expected, though trade tensions and COVID-19 introduce uncertainties. The pandemic has disrupted the global cotton supply chain.
The textile and apparel industry in India is projected to reach US$ 223 billion by 2021 from US$ 137 billion in 2016 growing at a CAGR of 12.84%. Textile exports from India are expected to increase to US$ 82 billion by 2021 from US$ 36.63 billion in FY17. Cotton is the major raw material for the textile industry in India, accounting for over 50% of fabric production. The readymade garments and cotton textiles segments dominate India's textile exports.
The document discusses India's textile industry and the Apparel Export Promotion Council (AEPC). It notes that India is a major global producer and exporter of cotton, jute, silk and other fibers. It also summarizes AEPC's role in promoting apparel exports, providing services and assistance to exporters, and its goals of increasing export volume, markets and stabilizing the industry. AEPC works to facilitate trade, host events and aims to enable 100,000 jobs in the textile sector by 2015.
The document provides an overview of the textiles and apparel industry in India. Some key points:
- The domestic textile and apparel industry in India is projected to reach US$ 223 billion by 2021 from US$ 137 billion in 2016 growing at a CAGR of 12.84%.
- Textile and apparel exports from India are expected to increase to US$ 82 billion by 2021 from US$ 36.63 billion in FY17 growing at a CAGR of 12.06%.
- Total cloth production in India has grown to 53.5 billion square metres in FY17 from 64.6 billion square metres in FY16.
The document provides an overview of the textiles and apparel industry in India. Some key points:
- The size of India's textile market was estimated at $137 billion in 2016 and is expected to reach $226 billion by 2023, growing at a CAGR of 8.7%.
- Textile exports from India stood at $36.63 billion in FY2017 and are projected to increase to $82 billion by 2021.
- Major segments of the industry include cotton, silk, jute, wool, and technical textiles. Cotton accounts for the largest share of fiber, yarn, and fabric production.
- Production of raw cotton, man-made fibers, y
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The document summarizes a research paper on the factors affecting exports of garments and the textile industry in Bangladesh. It finds that exchange rate has the largest impact, with a one percentage increase in the taka-US dollar exchange rate leading to a $281.05 million increase in ready-made garment exports. The Multi-Fiber Agreement was also found to significantly impact exports, though the direction of impact was unclear. Foreign direct investment was the only variable found to be insignificant. The paper concludes Bangladesh has great potential in the industry and will see continued growth in garment exports and demand.
The document provides information on India's textiles and apparel sector. Some key points:
- The domestic textile industry in India is projected to reach USD123 billion by 2021, up from USD108 billion in 2015. Textile and apparel exports are expected to increase to USD82 billion by 2021, up from USD40 billion in 2016.
- Cotton production has been volatile in recent years, reaching 38 million bales in FY15, while man-made fiber production has been rising steadily.
- The two main segments of the sector are yarn and fiber, and processed fabrics and apparel. Cotton is the major material in yarn and fabric production.
- Exports have grown significantly
The document provides an overview of the textiles and apparel industry in India. Some key points:
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- Textile and apparel exports from India are expected to increase from USD 40 billion in 2016 to USD 82 billion by 2021 growing at a CAGR of 12.06%.
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Post show report of 17th Textech expo, 10th Yarn & Fabrics show, 25th dye+che...Brand Root 360
The document summarizes a post-show report from the 17th Textech Bangladesh 2016 International Expo, held from August 31 to September 3, 2016 in Dhaka, Bangladesh. Over 1050 exhibitors from 23 countries showcased textile and garment machinery, accessories, dyes, chemicals and fabrics. Concurrent exhibitions included the 10th Dhaka International Yarn & Fabric Show and 25th Dye+Chem Bangladesh Expo. Forums on the textile industry and MICE tourism in Bangladesh were also held. Survey results found high exhibitor and visitor satisfaction. The organizer, CEMS Global, has been organizing over 50 exhibitions annually across various industries in South and Southeast Asia and South America for over two decades
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The Indian textile industry is one of the largest in the world, contributing significantly to India's economy by accounting for 14% of industrial production, 4% of GDP, 17% of export earnings, and providing employment to over 35 million people. The industry has grown since economic liberalization in 1991 and includes various segments like cotton, silk, wool, ready-made garments, and hand-crafted textiles. While India has strengths like raw material resources and low labor costs, weaknesses include labor productivity issues and technology obsolescence.
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VCOSA trân trọng gửi tới Quý Hội viên và Đơn vị quan tâm Bản tóm tắt Bản tin - Báo cáo thống kê ngành xơ sợi Tháng 5/2024.
Từ tháng 01 năm 2024, bản tin tuần san và nguyệt san đầy đủ sẽ chỉ được phát hành miễn phí cho Hội viên VCOSA. Để truy cập bản tin tháng đầy đủ với các số liệu, biểu đồ và báo cáo chi tiết về thị trường bông sợi cùng những đánh giá, dự báo được thu thập từ nhiều nguồn tin uy tín, Quý Đơn vị quan tâm vui lòng liên hệ VCOSA để đăng ký nhận bản tin.
VCOSA trân trọng gửi tới Quý Hội viên và Đơn vị quan tâm Bản tóm tắt Bản tin - Báo cáo thống kê ngành xơ sợi Tháng 4/2024.
Từ tháng 01 năm 2024, bản tin tuần san và nguyệt san đầy đủ sẽ chỉ được phát hành miễn phí cho Hội viên VCOSA. Để truy cập bản tin tháng đầy đủ với các số liệu, biểu đồ và báo cáo chi tiết về thị trường bông sợi cùng những đánh giá, dự báo được thu thập từ nhiều nguồn tin uy tín, Quý Đơn vị quan tâm vui lòng liên hệ VCOSA để đăng ký nhận bản tin.
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📍 Để biết thêm thông tin chi tiết và đăng ký nhận tài liệu báo cáo hàng tháng, vui lòng liên hệ:
- Hotline: +84 902 379 490
- Email: info@vcosa.org.vn
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VCOSA | VIETNAM COTTON AND SPINNING ASSOCIATION
#VCOSA #HiepHoiBongSoiVietNam #Cotton #Spinning #VCOSAReport
BÁO CÁO THỐNG KÊ TÌNH HÌNH NGÀNH BÔNG SỢI - Số tháng 11/2023
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🔵 Tổng hợp bản tin, báo cáo thị trường do VCOSA thực hiện: https://rebrand.ly/VCOSA_Monthly_Report
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📍 Để biết thêm thông tin chi tiết và đăng ký nhận tài liệu báo cáo hàng tháng, vui lòng liên hệ:
- Hotline: +84 902 379 490
- Email: info@vcosa.org.vn
----------
VCOSA | VIETNAM COTTON AND SPINNING ASSOCIATION
#VCOSA #HiepHoiBongSoiVietNam #Cotton #Spinning #VCOSAReport
🔹 Hiệp Hội Bông Sợi Việt Nam VCOSA xin trân trọng gửi tới các doanh nghiệp trong lĩnh vực Bông sợi nói riêng và lĩnh vực Dệt may, Xuất nhập khẩu nói chung báo cáo thống kê ngành bông sợi Số tháng 10/2023
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- Hotline: +84 902 379 490
- Email: info@vcosa.org.vn
----------
VCOSA | VIETNAM COTTON AND SPINNING ASSOCIATION
#VCOSA #HiepHoiBongSoiVietNam #Cotton #Spinning #VCOSAReport
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🔵 Tổng hợp bản tin, báo cáo thị trường do VCOSA thực hiện: https://rebrand.ly/VCOSA_Monthly_Report
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📍 Để biết thêm thông tin chi tiết và đăng ký nhận tài liệu báo cáo hàng tháng, vui lòng liên hệ:
- Hotline: +84 902 379 490
- Email: info@vcosa.org.vn
----------
VCOSA | VIETNAM COTTON AND SPINNING ASSOCIATION
#VCOSA #HiepHoiBongSoiVietNam #Cotton #Spinning #VCOSAReport
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🔵 Tổng hợp bản tin, báo cáo thị trường do VCOSA thực hiện: https://rebrand.ly/VCOSA_Monthly_Report
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📍 Để biết thêm thông tin chi tiết và đăng ký nhận tài liệu báo cáo hàng tháng, vui lòng liên hệ:
- Hotline: +84 902 379 490
- Email: info@vcosa.org.vn
----------
VCOSA | VIETNAM COTTON AND SPINNING ASSOCIATION
#VCOSA #HiepHoiBongSoiVietNam #Cotton #Spinning #VCOSAReport
🔹 Hiệp Hội Bông Sợi Việt Nam VCOSA xin trân trọng gửi tới các doanh nghiệp trong lĩnh vực Bông sợi nói riêng và lĩnh vực Dệt may, Xuất nhập khẩu nói chung báo cáo thống kê ngành bông sợi Số tháng 07/2023
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🔵 Tổng hợp bản tin, báo cáo thị trường do VCOSA thực hiện: https://rebrand.ly/VCOSA_Monthly_Report
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📍 Để biết thêm thông tin chi tiết và đăng ký nhận tài liệu báo cáo hàng tháng, vui lòng liên hệ:
- Hotline: +84 902 379 490
- Email: info@vcosa.org.vn
----------
VCOSA | VIETNAM COTTON AND SPINNING ASSOCIATION
#VCOSA #HiepHoiBongSoiVietNam #Cotton #Spinning #VCOSAReport
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🔵 Tổng hợp bản tin, báo cáo thị trường do VCOSA thực hiện: https://rebrand.ly/VCOSA_Monthly_Report
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📍 Để biết thêm thông tin chi tiết và đăng ký nhận tài liệu báo cáo hàng tháng, vui lòng liên hệ:
- Hotline: +84 902 379 490
- Email: info@vcosa.org.vn
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VCOSA | VIETNAM COTTON AND SPINNING ASSOCIATION
#VCOSA #HiepHoiBongSoiVietNam #Cotton #Spinning #VCOSAReport
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🔵 Tổng hợp bản tin, báo cáo thị trường do VCOSA thực hiện: https://rebrand.ly/VCOSA_Monthly_Report
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📍 Để biết thêm thông tin chi tiết và đăng ký nhận tài liệu báo cáo hàng tháng, vui lòng liên hệ:
- Hotline: +84 902 379 490
- Email: info@vcosa.org.vn
----------
VCOSA | VIETNAM COTTON AND SPINNING ASSOCIATION
#VCOSA #HiepHoiBongSoiVietNam #Cotton #Spinning #VCOSAReport
BÁO CÁO THỐNG KÊ TÌNH HÌNH NGÀNH BÔNG SỢI - Số tháng 4/2023
🔹 Hiệp Hội Bông Sợi Việt Nam VCOSA xin trân trọng gửi tới các doanh nghiệp trong lĩnh vực Bông sợi nói riêng và lĩnh vực Dệt may, Xuất nhập khẩu nói chung báo cáo thống kê ngành bông sợi Số tháng 04/2023
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🔵 Tổng hợp bản tin, báo cáo thị trường do VCOSA thực hiện: https://rebrand.ly/VCOSA_Monthly_Report
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📍 Để biết thêm thông tin chi tiết và đăng ký nhận tài liệu báo cáo hàng tháng, vui lòng liên hệ:
- Hotline: +84 902 379 490
- Email: info@vcosa.org.vn
----------
VCOSA | VIETNAM COTTON AND SPINNING ASSOCIATION
#VCOSA #HiepHoiBongSoiVietNam #Cotton #Spinning #VCOSAReport
BÁO CÁO THỐNG KÊ TÌNH HÌNH NGÀNH BÔNG SỢI - Số tháng 3/2023
🔹 Hiệp Hội Bông Sợi Việt Nam VCOSA xin trân trọng gửi tới các doanh nghiệp trong lĩnh vực Bông sợi nói riêng và lĩnh vực Dệt may, Xuất nhập khẩu nói chung báo cáo thống kê ngành bông sợi Số tháng 03/2023
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📍 Để biết thêm thông tin chi tiết và đăng ký nhận tài liệu báo cáo hàng tháng, vui lòng liên hệ:
- Hotline: +84 902 379 490
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- Tổng hợp bản tin, báo cáo thị trường do VCOSA thực hiện: https://rebrand.ly/VCOSA_Monthly_Report
[VCOSA] Monthly Report - Cotton & Yarn Statistics June 2024
1. MONTHLY
REPORT
June 2024
Vietnam Cotton and Spinning Association
Collected & Edited: Information and Communication Dept.
Cotton and Yarn Statistic
--- For internal circulation only ---
2. -- Newsletter #June 2024 https://vcosa.vn
2
Textile news
Report and database
NEXTEVO Launches Groundbreaking ‘Ready-to-
Spin’ Pineapple Leaf Fiber Production Facility in
Vietnam.
US cotton body seeks removal of 11% import
duty on short staple cotton.
Cotton yarn imports by China decline 35% in
April 2024.
Bangladesh spinners losing out on yarn sales to
imports.
India eases polyester raw material import rules
to boost textile exports.
Global textile market to grow by $346.05 billion
from 2024-28.
US tariffs on China: A tangled thread in the
global textile & apparel industry.
China moves apparel production abroad to keep
sales.
The $10,000 shipping container is again the talk
of global trade.
Vietnam’s cotton imports.
Vietnam’s polyester staple fiber (PSF) imports.
Vietnam’s viscose staple fiber (VSF) imports.
Vietnam’s 100% cotton yarn exports.
Vietnam’s cotton blended yarn exports.
Vietnam’s synthetic filament yarn exports.
Vietnam’s synthetic staple fiber yarn exports.
Cotton outlook.
2023/24 China cotton imports surge to 11-year
high.
Brazilian cotton market.
MAIN CONTENT
3. Newsletter #June 2024 --
https://vietnamyarnprice.com
3
NEWS OF THE MONTH
🔸 Syre, the textile impact company launched by
global investor Vargas and Swedish retailer H&M
Group secured a $100m Series A. The funding will
be used to begin the process of Syre’s blueprint
plant in the US, set to be operational later this year
and establish the company’s first two gigascale
textile-to-textile recycling plants in Vietnam and
Iberia, to start construction in 2025.
🔸 After Brazil, Australia - another major cotton
exporting country - has made arrangements to
provide quality data on cotton traceability for
the foreign buyers. This would give their buyers
the confidence to export cotton products to
developed economies.
🔸 In the first five months of ongoing year, 12 more
Bangladesh garment factories bagged the LEED
certification, bringing the number of Bangladeshi
LEED certified apparel factories to 218.
🔸 Cambodia’s textile and apparels exports
increased 22 per cent Y-o-Y to $3.628 billion
during the first five months of this year.
🔸 Monthly inbound cargo volume at major US
container ports is forecast to reach its highest
level since 2022 this summer, driven by robust
consumer spending and retailers stocking up for
peak season.
🔸 In April, the Consumer Price Index (CPI) for
garments in US recorded a significant month-over-
month increase of 1.5 per cent, following a 0.7 per
cent rise in March. These represent the strongest
rates of price increases since late 2021, when
inflation was surging. Year-over-year, average
retail prices for apparel were 1.4 per cent higher,
and relative to the average in 2019 (pre-COVID),
prices for clothing were 6.4 per cent higher, as per
a recent report by Cotton Incorporated.
🔸 Australians purchase more clothing per person
than any other country, driving a fast fashion
waste crisis, according to new research from the
Australia Institute. Key findings from the research
indicate that Australians buy an average of 56
new clothing items per year, surpassing the US
at 53 items, the UK at 33 items, and China at 30
items. The average value per item purchased by
Australians is AUD $13, significantly lower than
the UK ($40), USA ($24), Japan ($30), or even
Brazil ($16).
🔸 According to statistics from the General
Department of Customs, in the first 5 months of
2024, Vietnam’s textile and garment exports to
the Australian market reached $209.6 million, an
increase of 20.6% compared to the same period
in 2023.
Source: compiled by VCOSA
4. -- Newsletter #June 2024 https://vcosa.vn
14
VCOSA’S ACTIVITIES
ƙ From June 6-8, 2024, at the Vietnam International Sourcing 2024 held at the Saigon Exhibition and
Convention Center (SECC) in Ho Chi Minh City, VCOSA participated in exhibiting at Booth G6, Hall A, and
received positive interest and support.
During the 2-day exhibition, VCOSA displayed our exclusive publications, products, and samples from
member companies and enterprises registered to exhibit at the VCOSA booth such as Dong Khanh
Textile Corporation, HCMC Representative Office of Arise Integrated Industrial Platforms, Wakefield
Inspection Services (Vietnam) Co., Ltd., Renze Textile JSC., Phu Tho Textile Co., Ltd., Vietnam
Petrochemical and Fiber JSC. (VNPOLY), Rang Dong Textile Industrial Park - Aurora IP, and An Phu
Thinh JSC.
ƙ On June 11, 2024, Mr. Nguyen AnToan - VCOSA Chairman represented the Association to attend and provide
comments at the Q2/2024 Business Federation Meeting Program “Update on macroeconomic situation
and major policies in the second half of 2024 & Discussion on business development orientation”. The
program was held in-person at VinaCapital, Sun Wah Building, District 1, HCMC and online via the Zoom.
The VCOSA Chairman said that in the current context,
enterprises are facing contradictions in the use of
terminology related to recycled raw materials, causing
conflicts with legal regulations, leading to difficulties in
importing recycled raw materials such as recycled fiber,
raw carded cotton, and combed cotton. Particularly, the
Vietnamese yarn industry is currently stuck when yarn
OE factories import raw carded cotton and combed
cotton as raw materials for yarn OE production. From
there, VCOSA proposed some short-term and long-term
solutions to be able to implement the use of recycled
raw materials in the textile and garment industry.
The VCOSA booth at G6, Hall A, as part of the Vietnam International
Sourcing 2024, held from June 6-8, 2024
Some images of the products on display and visitors at the VCOSA booth
The Q2/2024 Business Federation Meeting Program
5. Newsletter #June 2024 --
https://vietnamyarnprice.com
15
ƙ On June 14, 2024, Ms. Nguyen Thuy Vi - VCOSA Vice Secretary General represented the Association to
attend the “FABRICA. Italian Textile and Garment: Style and Breakthrough” exhibition held at the Museum
of Ho Chi Minh City. The exhibition was initiated by the CMS Cultura agency, with the support of the Ministry
of Foreign Affairs and International Cooperation of Italy, the Sistema Moda Italia, the Association of Italian
Textile Machinery Manufacturers “ACIMIT”, and the Italian Organisation of Crafts and Small-Medium
Enterprises “Confartigianato Imprese”. The exhibition marked an important milestone in the cooperation
between Vietnam and Italy in the textile and garment industry.
ƙ In June, Ms. Nguyen Thuy Vi – VCOSA Vice Secretary General supported the Representative of Phong
Phu Corporation, a VCOSA member, to connect with the Cotton Council International (CCI) to exchange
information related to the advanced training program for the next generation of leaders in the yarn industry.
ƙ From June 18-21, 2024, VCOSA sent a delegation to participate in the training course “Enhancing the
Capacity of Policy Consultation and Advocacy for Business Associations”. The program was co-organized
by the United States Agency for International Development, the Vietnam Enterprise Development Agency,
and the Vietnam Association of Seafood Exporters and Producers (VASEP) in Ho Chi Minh City. The training
helped enhance the capacity to develop policy advocacy strategies, build partner networks, and develop
effective policy communication skills, better leveraging the connection between member enterprises and
government management agencies, as part of the USAID IPSC’s Improving Private Sector Competitiveness
project in Vietnam.
VCOSA representative received the certificate of completion of the training course “Enhancing the advisory
and policy advocacy capacity of business associations” along with other industry associations.
Ms. Tran Hoang Phu Xuan, Chairman
and CEO of Faslink, VCOSA member; Mr.
Enrico Padula, Italian Consul General in
HCMC; and Ms. Nguyen Thuy Vi.
Mr. Ankur Shrimali, Technical Commercial
Manager of Lenzing Group, VCOSA
member, and Ms. Nguyen Thuy Vi.
Assoc. Prof. Bui Mai Huong, VCOSA
Special Consultant, Head of Department
of Textile and Clothing Engineering,
Head of Brand Management and
Communication Department, HCMC
University of Technology (HCMUT), and
Ms. Nguyen Thuy Vi
6. -- Newsletter #June 2024 https://vcosa.vn
16
ƙ On June 20-21, 2024, Ms. Duong Thuy Linh, VCOSA Vice Secretary General - Head of External Relations, represented
the Association to deliver a presentation at the China Cotton Textile Forum held in Hangzhou, China. Ms. Duong Thuy
Linh provided an in-depth presentation on the “Current Situation and Future Prospects of the Vietnam Cotton Textile
Industry”, focusing on the development status of the cotton-fiber-yarn industry in Vietnam and the opportunities and
challenges in the coming time. The China Cotton Textile Forum is an important platform for VCOSA to promote its
role as the legitimate representative voice of the industry and its member enterprises, to reaffirm the position and
development potential of the Vietnam yarn industry in the global supply chain, in front of a wide range of international
agencies, organizations and enterprises. In addition, VCOSA regularly promotes and introduces the products and
images of its member enterprises at various domestic and international events and seminars.
ƙ In the afternoon of June 20, 2024, Mr. Do Duc Thinh, VCOSA
Chief Administrative Officer, and Ms. Nguyen Thuy Vi, VCOSA
Vice Secretary General, welcomed a working delegation from
the Trade Remedies Department (under the Vietnam Ministry
of Industry and Trade), at the VCOSA headquarters in HCMC.
The purpose was to discuss potential collaboration on support
programs for enterprises in the Vietnam fiber and yarn industry.
In the context that the US and Brazil have repeatedly initiated
investigations and introduced new policies to counter the
dumpingofimportedpolyesterstaplefiberproducts,whichcould
potentially impact the operations of Vietnam’s yarn enterprises
as VCOSA had reported earlier, VCOSA will work closely with the
Trade Remedies Department to accurately assess the situation
andproposepracticalsolutionstomaximallysupportenterprises
and the Vietnam yarn industry in facing this challenge.
ƙ On June 26, 2024, at the VCOSA headquarters, Mr. Trinh Tan Hoang, VCOSA Vice Chairman, Ms. Nguyen Thuy Vi,
VCOSA Vice Secretary General, and Ms. Duong Thuy Linh, VCOSA Vice Secretary General - Head of External Relations,
had an official working session with Gherzi Engineering Zurich Ltd, a VCOSA member from Switzerland, to discuss
cooperation opportunities between Gherzi and VCOSA, as well as Gherzi and Vietnamese textile and fiber enterprises,
as the company plans to cooperate and invest in the Vietnamese market in the near future.
ƙ On June 27, 2024, VCOSA representatives will attend the “Sustainability and Transparency Conference 2024” co-
organized by the Cotton Council International (CCI) and the Vietnam Textile and Apparel Association (VITAS) in Ho
Chi Minh City. The program includes discussion sessions with renowned speakers from CCI, VITAS, GIZ, Eurocham,
and other relevant enterprises and agencies, focusing on the current situation, potential, challenges, and solutions
for sustainable development of the Vietnamese textile industry. In between the discussion sessions, there will be an
exhibition showcasing products from textile companies.
ƙ On June 28, 2024, Ms. Do Pham Ngoc Tu, VCOSA Vice Chairman and Secretary General, and Ms. Nguyen Thuy
Vi, VCOSA Vice Secretary General will have an official working session with the HCMC Investment and Trade
Promotion Center (ITPC) at HCMC. They will discuss the possibility of cooperation between ITPC and VCOSA to
support Vietnamese yarn enterprises in improving their capacity and effectiveness in trade promotion activities.
Ms. Duong Thuy Linh represented VCOSA and the Vietnamese yarn
industry, participated and spoke at the China Cotton Textile Forum 2024.
One of the topics introduced about VCOSA member
products in Ms. Duong Thuy Linh’s speech at the China
Cotton Textile Forum 2024.
VCOSA representatives welcomed a delegation Trade
Remedies Department, Vietnam Ministry of Industry
and Trade, at the VCOSA headquarters.
7. Newsletter #June 2024 --
https://vietnamyarnprice.com
17
ƙ From June 05 - 06, 2024, VCOSA in collaboration with ECV International successfully organized the Annual meeting:
Latest trends & future challenges in global textile and apparel within the framework of the 9th Vietnam Textile
Summit 2024 in Ho Chi Minh City.
The event brought together industry leaders, policymakers, and experts from Vietnam Ministry of Industry and
Trade, Vietnam Cotton and Spinning Association (VCOSA), Decathlon Vietnam, FPT Digital, and representatives
of various global enterprises to discuss the latest trends, challenges, and opportunities shaping the global
textile and apparel sector.
Within this event, Ms. Duong Thuy Linh - VCOSA Vice General Secretary-Head of External Relations made a
speech about “Outlook 2035: Current Challenges and Opportunities for Vietnam Textile and Apparel Industry
and its Next Plan”, revolving around the existing challenges and opportunities, along with proposing some
target solutions to develop the Vietnam Textile and Apparel industry, with a vision towards 2035.
Ms.DuongThuyLinhalsoparticipatedinmoderatingthediscussionsession“UndertheNewGlobalEnvironment,
How Industry Players Work Together to Build a More Resilience and Sustainable Supply Chain” with speakers
including Mr. Anil Kumar Konidena, Director & CEO at Landmark Group; Ms. Vo Huynh Bao Chau, RECs Sales in
Asia, Monsoon Carbon; and Mr. Graham Ross, Co-Founder at Block-Texx.
After 2 days of lively discussions, the Annual meeting: Latest trends & future challenges in global textile and
apparel was successfully concluded.
Ms. Duong Thuy Linh, VCOSAVice General Secretary-Head of External Relations directly
coordinated the discussion session at the event with the guest speakers.
8. -- Bản tin tháng #6-2024 https://vcosa.vn
18
SOME PHOTOS FROM THE 2-DAY EVENT
9. Vietnam Cotton & spinning association
SEP
2024
VTG 2024
Location: SECC, HCMC
Partner: Chanchao (Taiwan)
Time: 25-28/9/2024
VCOSA EVENT TIMELINE 2024
JUL
2024
VCOSA Year End Meeting
Location: TBC
Time: TBC
DEC
2024
APR
2024
Cotton Classing & Testing
Compact Training Course
Location: HCMC
Partner: ICA Bremen
Time: 23-24 & 25-26/5/2024
VCOSA Preliminary Meeting
Location: HCMC
Time: 18/7/2024
Seminar
Location: HCMC
Partner: Lenzing
Time: 18/7/2024
JUL
2024
MAY
2024
B2B Match Making
Location: Spinning Mills in VN
Partner: Mills & Customers
Time: May 2024
Arise IIP Seminar
Location: Vietnam
Partner: Arise IIP
Time: TBC
FEB
2024
JAN
2024
VCOSA Year End Meeting
Location: Thái Bình
Time: 11/01/2024
APR
2024
Trade & Quality Matters 2024
Training Course
Location: Thai Binh
Partner: ICA
Time: 04 - 06/4/2024
APR
2024
ICA Welcoming and
Outreach Visit
Location: Vietnam
Partner: ICA
Time: 01/4 - 04/4/2024
JUN
2024
9th Vietnam Textile Summit
Location: HCMC
Partner: ECV (Shanghai)
Time: 05-06/6/2024
MAR
2024
Texfuture Vietnam
Spring Summer
Location: Gem Center,
HCMC
Partner: STS
Time: 27-29/3/2024
JUN
2024
China Cotton Textile Forum
Location: Hangzhou, China
Partner: CCFGroup
Time: 20-21/6/2024
SEP
2024
Texfuture Vietnam
Fall Winter
Location: HCMC
Partner: STS
Time: TBC
* Event information is continuously updated Finished
VIATT
Location: SECC, HCMC
Partner: Messe Frankfurt,
Vietrade
Time: 28/02-01/3/2024
FEB
2024
NOV
2024
Brazil Cotton Day
Location: Vietnam
Partner: APRABA
Time: TBC
AUG
2024
Seminar
Location: Vietnam
Partner: Innovance
Time: TBC
10. The invitation to:
&
Lenzing Talks Vol.1
Redefining Textiles: Lenzing's Innovations
in Sustainable Fibers
VCOSA's Preliminary
Meeting 2024
J u l y 1 8 t h , 2 0 2 4
H o C h i M i n h C i t y
11. For more information:
Ms. Nguyen Thuy Vi
Vice Secretary General
HP: 0346-906-928
Email: vi.nt@vcosa.org.vn
Or scan the QR Code
Comeandjoinus!
13. JOIN NOW
To learn more or
become a member,
TrustUSCotton.org
Launched in 2020, the U.S. Cotton
Trust Protocol was designed
to set a new standard in more
sustainably grown cotton,
ensuring that it contributes to
the protection and preservation
of the planet, using the most
sustainable and responsible
techniques. It is the only system
that provides quantifiable, verifiable
goals and measurement in six key
sustainability metrics and article-
level supply chain transparency.
The Trust Protocol provides brands
and retailers the critical assurances
they need to show the cotton fiber
element of their supply chain is
more sustainably grown with lower
environmental and social risk.
SETTING A NEW STANDARD IN MORE
SUSTAINABLE COTTON PRODUCTION
Trust in a smarter cotton future.
JOIN NOW
To learn more or
become a member,
TrustUSCotton.org
Launched in 2020, the U.S. Cotton
Trust Protocol was designed
to set a new standard in more
sustainably grown cotton,
ensuring that it contributes to
the protection and preservation
of the planet, using the most
sustainable and responsible
techniques. It is the only system
that provides quantifiable, verifiable
goals and measurement in six key
sustainability metrics and article-
level supply chain transparency.
The Trust Protocol provides brands
and retailers the critical assurances
they need to show the cotton fiber
element of their supply chain is
more sustainably grown with lower
environmental and social risk.
SETTING A NEW STANDARD IN MORE
SUSTAINABLE COTTON PRODUCTION
Trust in a smarter cotton future.
JOIN NOW
To learn more or
become a member,
TrustUSCotton.org
Launched in 2020, the U.S. Cotton
Trust Protocol was designed
to set a new standard in more
sustainably grown cotton,
ensuring that it contributes to
the protection and preservation
of the planet, using the most
sustainable and responsible
techniques. It is the only system
that provides quantifiable, verifiable
goals and measurement in six key
sustainability metrics and article-
level supply chain transparency.
The Trust Protocol provides brands
and retailers the critical assurances
they need to show the cotton fiber
element of their supply chain is
more sustainably grown with lower
environmental and social risk.
SETTING A NEW STANDARD IN MORE
SUSTAINABLE COTTON PRODUCTION
Trust in a smarter cotton future.
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15. With a strong focus on sustainability, we
drive economic opportunities and contribute
to the global shift towards eco-conscious
industries. Nextevo collaborates with R&D
organizations, cooperates with plantations
such as pineapple producers.
We also partner with sustainable fashion
brands, fabric producers and spinning mills
to incorporate pineapple leaf fiber into
textiles applications.
Nextevo: Shaping the Future with
Sustainable Materials
For more information contact us: hi@nextevo.one
Igniting a Green
Revolution with
Agricultural Byproduct
Transformation
Nextevo™, a Singapore-based sustainable
startup, is pioneering the transformation of
agricultural byproducts. Our mission is to
convert post-harvest byproducts into high-
value added materials for sustainable
textiles. Nextevo™ has operation in
Singapore and Indonesia. Recently, we
established a processing facility in Vietnam.
Our processing operation in Vietnam will
start in June 2024. In addition, we have
expansion plans for the Philippines.
T O L E A R N M O R E
A B O U T N E X T E V O
16. -- Newsletter #June 2024 https://vcosa.vn
26
REPORT AND DATABASE
1. Monthly Import Statistics
A
ccording to preliminary
statistics from the General
Department of Customs,
Vietnam’s import value of
cotton, fabric, fiber and yarn, and
accessories for textile and apparel
production increased by 6.3% in
May compared to April 2024.
Import volumes of key input
materials for the textile industry,
such as cotton, fiber, and yarn,
all increased in May. Specifically,
cotton imports rose by 14.3%, while
fiber and yarn imports increased
by 6.2% compared to April.
Overall, the import value of
cotton, fabric, fiber and yarn, and
various accessories in the first
five months of 2024 increased
by 13.8% compared to the same
period in 2023.
In May 2024, Vietnam imported
151,800 tons of cotton and 111,200
tons of fiber and yarn. Compared to
the previous month, cotton imports
rose by 14.3%, while imports of
fiber and yarn increased by 6.2%.
During May 2024, the import
value of cotton, fabric, yarn, and
accessories for textile in Vietnam
all saw an increase compared to
the previous month. Specifically,
fiber and yarn imports rose by 6.2%
to $246.2 million. Cotton imports
increased by 14.2% to $309.2
million. Imports of accessories
also saw a slight increase of 2.8%,
reaching $648.9 million. Fabric
imports experienced a strong
growth of 6.3%, reaching $1.43
billion.
To view hidden information and more detail,
please contact us:
- Email: info@vcosa.org.vn
- Hotline: (+84) 902 379 490
17. Newsletter #June 2024 --
https://vietnamyarnprice.com
27
In the first five months of 2024, imports of input materials for Vietnam’s textile and apparel industry saw a
significant increase compared to the same period last year:
Cotton imports increased by 12.5% to $1.31 billion.
Fiber and yarn imports saw the highest growth of 20% to $1.05 billion.
Fabric imports rose by 11% to $5.92 billion.
Accessories imports increased by 18.5% to $2.83 billion.
In May 2024, Vietnam
imported 111,200 tons of fiber
and yarn, an increase of 6.2%
compared to the previous
month and a 24.4% increase
compared to the same period
last year.
In May 2024, Vietnam
imported 151,800 tons
of cotton, an increase of
14.3% compared to the
previous month and a
4.3% increase compared
to the same period last
year.
To view hidden information and more detail,
please contact us:
- Email: info@vcosa.org.vn
- Hotline: (+84) 902 379 490
18. -- Newsletter #June 2024 https://vcosa.vn
34
This preliminary aggregate data (may) not separate the quantities traded due to on-spot imports and
exports. Official statistics will be reported periodically every 6 months and 1 year.
Top 10 export destinations for Vietnam’s 100% cotton yarn in May 2024: Market shares by quantity
Top 10 buyers of Vietnam’s 100% cotton yarn in May 2024: Market shares by quantity
2.1 Vietnam’s 100% cotton yarn exports
To view hidden information and more detail,
please contact us:
- Email: info@vcosa.org.vn
- Hotline: (+84) 902 379 490
19. Newsletter #June 2024 --
https://vietnamyarnprice.com
35
This preliminary aggregate data (may) not separate the quantities traded due to on-spot imports and
exports. Official statistics will be reported periodically every 6 months and 1 year.
2.2 Vietnam’s cotton blended yarn exports
Top 10 export destinations for Vietnam’s cotton blended yarn in May 2024: Market shares by quantity
Top 10 suppliers Vietnam’s 100% cotton yarn in May 2024: Market shares by quantity
Source: Vietnam Customs
To view hidden information and more detail,
please contact us:
- Email: info@vcosa.org.vn
- Hotline: (+84) 902 379 490
20. Head Office
L17-11, 17/Fl, Vincom Center Tower, 72 Le Thanh Ton str., Ben Nghe ward, dist. 01, HCMC
Representative Office
14-15A, 7/Fl, Charmvit Building, 117 Tran Duy Hung str., Trung Hoa Ward, Cau Giay
District, Hanoi City
Office (mailing address)
1265 Hoang Sa str., Ward 5, Tan Binh Dist., Ho Chi Minh city
œ +84 902 379 490
œ info@vcosa.org.vn
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