Traceability of raw materials a big boost to textile industry competitiveness: experts
![]() |
American cotton experts and suppliers at the 2022 Cotton Day Vietnam held in HCM City on October 4. — VNA/VNS Photo |
HCM CITY — Verified data and transparent supply chains are the leading factors in competitiveness in the textile industry, experts have said.
President of the Vietnam Textile and Apparel Association, Vũ Đức Giang said the garment and textile export target this year was US$42-43 billion, and to achieve this the industry had been focusing on raw material sources and regulations related to origin in its export markets.
He stressed that Vietnamese businesses were in need of information about cotton sources and market forecasts for 2023-24.
At the 2022 Cotton Day Vietnam held in HCM City on October 4, a representative from the Cotton Council International said more and more global brands and retailers would require cotton products sold in the US and EU to be sustainable and with a transparent supply chain that is verified to be free of forced labour.
US suppliers and producers shared information including about market trends and ideas to optimise co-operation between the Vietnamese garment and textile sector and their cotton industry.
Benjamin Petlock, senior agricultural attaché at the US consulate in the city, said breakthrough growth in Việt Nam's garment and textile exports has made the country a promising market for global raw material suppliers.
Meanwhile, the changes seen in the industry recently proved its timely adaptation and flexibility, he added. – VNS
Related News

Export highlights come from electronics, computers and components
13:30 | 23/09/2023 Import-Export

Hanoi bolsters investment attraction to hi-tech industry
13:57 | 25/08/2023 Import-Export

To increase competitive capability for textiles
15:52 | 26/08/2023 Import-Export

Application of Industry 4.0 technologies opens up new direction for Hanoi agriculture
15:28 | 21/08/2023 Import-Export
Latest News

Hanoi, Shanghai businesses set up cooperation
15:11 | 27/09/2023 Import-Export

Numerous c eye stronger investment in Vietnam
15:04 | 27/09/2023 Import-Export

Support policy for high-tech investment hitting two targets: Insiders
15:00 | 27/09/2023 Import-Export

Pangasius businesses seek to export to niche markets
10:35 | 27/09/2023 Import-Export
More News

Opportunities to increase orders from the European market
10:34 | 27/09/2023 Import-Export

Supporting industries: added value is still low in the supply chain
18:42 | 26/09/2023 Import-Export

Mexico issues preliminary conclusions on anti-dumping investigation into cold-rolled steel from Vietnam
18:40 | 26/09/2023 Import-Export

2 export commodity groups increased "billion dollars" in 8 months
10:23 | 26/09/2023 Import-Export

Exporting sustainably to the EU, businesses must be "green"
10:22 | 26/09/2023 Import-Export

Semiconductors a future key industry of Vietnam
16:47 | 25/09/2023 Import-Export

Nearly 50 Vietnamese companies join trade promotion event in India
16:46 | 25/09/2023 Import-Export

The food industry has many advantages in increasing exports
13:44 | 25/09/2023 Import-Export

A "moderate" increase in VND and US$ exchange rates will boost exports
13:43 | 25/09/2023 Import-Export
Your care

Hanoi, Shanghai businesses set up cooperation
15:11 | 27/09/2023 Import-Export

Numerous c eye stronger investment in Vietnam
15:04 | 27/09/2023 Import-Export

Support policy for high-tech investment hitting two targets: Insiders
15:00 | 27/09/2023 Import-Export

Pangasius businesses seek to export to niche markets
10:35 | 27/09/2023 Import-Export

Opportunities to increase orders from the European market
10:34 | 27/09/2023 Import-Export