VIETNAM COTTON PRODUCTION INCREASES COULD SLOW, DESPITE GOVERNMENT PLAN SAYS EXPERT
January 7th, 2015
Low cotton prices and land scarcity may impede a long term cotton production expansion plan launched by the Vietnamese government in 2010, an industry expert has told WTiN.com.Vietnam is a global powerhouse in textile, garment and apparel manufacturing, but it relies heavily on cotton imports, with only 1% of the cotton used in the country produced domestically, according to the United States Department of Agriculture (USDA). To escape the exposure to cotton price shifts that this inevitably entails, the Vietnamese government in 2010 launched a Vietnam Cotton ...
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