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

Industrial Growth Projections for 2025
15:31 | 31/12/2024 Headlines

Six export commodity groups see billion-dollar growth
07:55 | 31/12/2024 Import-Export

Imports of textile and footwear materials soar amid robust industry growth
13:44 | 03/12/2024 Import-Export

Focus on sustainable development, greening the textile industry
15:11 | 23/10/2024 Import-Export
Latest News

Embracing green exports: a pathway to enter global supply chains
10:33 | 20/02/2025 Import-Export

New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises
10:32 | 20/02/2025 Import-Export

Việt Nam’s durian exports to China plummet by 80%
16:18 | 19/02/2025 Import-Export

Coconut exports reach 14-year high
15:29 | 18/02/2025 Import-Export
More News

Shrimp exports grow in the first month of 2025
15:28 | 18/02/2025 Import-Export

Rice export prices drop, but decline expected to be short-term
08:10 | 17/02/2025 Import-Export

Key agro products expected to maintain export growth this year
08:08 | 17/02/2025 Import-Export

EU issues 12 warnings against Việt Nam’s food and agricultural exports
08:07 | 17/02/2025 Import-Export

Việt Nam to impose VAT on low-value express-imported goods
08:06 | 17/02/2025 Import-Export

Exchange rate risks need attention in near future
16:31 | 15/02/2025 Import-Export

Vietnam kicked off the year with a strong start in trade, exceeding US$63 billion in the first month
16:30 | 15/02/2025 Import-Export

Import and export turnover reaches about US$29 billion in the second half of January 2025
14:52 | 14/02/2025 Import-Export

Market edges up slightly as liquidity remains low
14:48 | 14/02/2025 Import-Export
Your care

Embracing green exports: a pathway to enter global supply chains
10:33 | 20/02/2025 Import-Export

New policy proposed to prevent transfer pricing, tax evasion of FDI enterprises
10:32 | 20/02/2025 Import-Export

Việt Nam’s durian exports to China plummet by 80%
16:18 | 19/02/2025 Import-Export

Coconut exports reach 14-year high
15:29 | 18/02/2025 Import-Export

Shrimp exports grow in the first month of 2025
15:28 | 18/02/2025 Import-Export