Home >
US Sanctions Against Xinjiang Cotton Will Affect Vietnam'S Textile And Garment Industry
According to the report of Vietnam youth network on September 16, Nguyen Wenjun, chairman of Vietnam cotton yarn Association, said on the 16th that if the United States imposed sanctions on China's Xinjiang cotton, many Southeast Asian countries would be the first to be affected, because three of the seven countries with the largest number of cotton yarn imported from China are in Southeast Asia.
?
At present, Vietnam is the world's second largest cotton importer, with 65% from the United States, 15% from India and 10% from Africa. The share of cotton from China is very small. However, Vietnam's annual demand for clothing fabrics is about 10 billion cubic meters, and only about 3.5 billion cubic meters can be provided domestically. The remaining 6.5 billion cubic meters need to be imported, of which about 65% come from China.
?
Therefore, the U.S. sanctions may force Vietnamese enterprises to replace China's imported fabrics with fabrics from South Korea, Thailand and Japan. However, due to China's huge production capacity and price advantage, it is unrealistic to completely replace Chinese fabrics.
?
?
- Related reading
Mobilization Meeting Of The Third Central Supervision Group Of Ecological Environment Protection To Supervise Zhejiang Province
|
2020/9/3 10:39:00
2
Pattern Reshaping: Overall Performance Decline Of New Energy Industry Chain Enterprises In The First Half Of The Year
|
2020/9/1 10:38:00
86
- Association dynamics | Taiji Stone · 2020 China Textile Elite Walking Challenge
- Instant news | Invitation Letter: Press Conference Of Taijishi · 2020 China Textile Elite Walking Challenge
- Association dynamics | Online Live Broadcast Of "Buk Kyo" In October
- Daily headlines | 21 Day Exchange Rate: 1 US Dollar To RMB 6.7595 Yuan
- Departmental notices | The Information Office Of The State Council Released The White Paper Of "Labor And Employment Security In Xinjiang"
- Show fair | Eal.cz 意澳花園2021春夏時裝秀圓主陳卓做了重要講話
- Local hotspot | Dika Shows You The Exhibition | Phase 2: Suzhou Cosgalaxy Animation Carnival In 2020 Focusing On Chinese Clothing Industry Chain
- Chamber of Commerce | The Annual Meeting Of Funing Textile Industry Association And The Separation Of Middle Class Filter
- Information Release of Exhibition | The 8Th Jiangsu (Shengze) Textile Expo Will Be Held From October 28 To 30
- Fashion Bulletin | O'Neill Ring Boots Reebok Shaqnosis Halloween Theme Color Release
- More Than 40 Business Schools! More Than One Team Went Out For The "Tenth Five Year Plan", Colmo Cross-Border Assistance
- Opening Ceremony Of The 4Th China Textile Intangible Cultural Heritage Conference And The 2Nd China (Shenyang) Qipao Culture Festival
- Japanese Antitrust Regulators Have Investigated Amazon Japan
- The Ministry Of Commerce Promulgated The Provisions On The List Of Unreliable Entities
- Industrial Upgrading: Humen Accumulates Strength And Pursues Dreams
- Yamamoto X Hublot New Co Branded Special Watch Super Performance
- Taiji Stone · 2020 China Textile Elite Walking Challenge
- Invitation Letter: Press Conference Of Taijishi · 2020 China Textile Elite Walking Challenge
- Online Live Broadcast Of "Buk Kyo" In October
- 21 Day Exchange Rate: 1 US Dollar To RMB 6.7595 Yuan