Textile Industry Will Continue To Be The Main Export Industry In Vietnam.

P Vietnam Vietnam Textile Association (Vitas) said that in 1990, Vietnam's textile exports amounted to 1 billion US dollars. As of now, the export volume of this product has maintained an average annual growth of two digits.

In 2013, Vietnam's textile exports amounted to 23 billion US dollars, accounting for 15% of the total GDP value of Vietnam, and 3 million jobs for Vietnam.

Textile industry has become a traditional pillar industry in Vietnam.

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"P" reported that China was once known as the "world factory" and the main source of textiles and footwear in the world.

With the development of economy, in order to reduce pollution, China has slowed down its development in the fields of < a href= "//www.sjfzxm.com/news/index_c.asp" > textile > /a >, a href= "//www.sjfzxm.com/news/index_c.asp" > shoe industry < /a >, and turned to develop industries with high economic value.

At present, the wage level of Chinese workers is 2.5 times that of Vietnam, and the cost of production in China is 35% higher than that of Vietnam.

As a result, textile and footwear industries are turning to Vietnam and other Southeast Asian countries.

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< p > > a href= "//www.sjfzxm.com/news/index_c.asp" > Vietnam < /a > the increase in textile exports to the United States and the European Union will continue to increase.

Experts said that in the coming period, Vietnam's textile exports will account for 50% of Southeast Asia's exports.

By 2025, world textile sales are expected to reach US $702 billion, of which Southeast Asia accounts for 16%, about 110 billion US dollars.

Vietnam's textile exports will amount to US $50 billion.

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< p > reported that the textile industry will continue to be the main export industry in Vietnam in the next 10-15 years.

Textile industry still plays an important role in Vietnam's economy.

The development of textile industry means that Vietnam's economic development is slower than its neighboring countries.

At present, Vietnam's textile industry has a processing ratio of 70%, and textile materials rely mainly on imports. This situation will restrict the economic development of Vietnam.

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< p > the global cotton market has been paying close attention to the end of China's cotton purchase and storage policy. China has hoarded more than 10 million tons of cotton, about 60% of global cotton stocks.

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< p > according to a recent media report from India, the demand for Chinese raw cotton was reduced by about 20% in the next crop year as the Chinese government put cotton reserves into the market, resulting in a decline in demand in India.

Industry officials said the drop was more than 6% this year, and China's policy changes, coupled with the increase in cotton consumption and the blowout of yarn exports in India.

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"The export of cotton is declining compared with the same period last year, and the export of cotton will not exceed 700-750 bales in P," said M.B.Lal, former president of the India Cotton Corp (CottonCorporationofIndia).

India cotton year from October to September next year.

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More than 60% of India's total cotton exports to India are sold to China.

Surplus cotton is sold to Bangladesh, Pakistan and Vietnam.

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< p > industry officials say that India has shipped 820-850 tons of cotton shipments so far in 2013/14 so far, and exports are expected to increase to 920-950 packages by September.

India is the second largest cotton producer and exporter in the world.

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< p > cotton exports in India were 10 million 100 thousand bales in 2012/13, less than 12 million 900 thousand packages in the previous year.

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< p > China imported 147317 tons of cotton from India in February, a decrease of 20% compared with the previous month.

China announced in January this year that it will end the acquisition of state-owned cotton stores and provide direct subsidies to farmers.

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