Vietnam: Cotton and Products Update
Post revises Vietnam's MY 2014/2015 cotton production estimate at 606 tons or 2,780 bales. Despite efforts by the Vietnam Textile Corporation, a leading textile group to launch cotton farming projects, Vietnam’s cotton production in MY 2015/2016 is forecast less than the previous MY. Cotton imports in Marketing Year (MY) 2014/2015 are revised to increase by 35 percent, reaching 935,900 tons (or 4.29 million bales), of which U.S. cotton accounted 43 percent of imports, thanks to strong exports of yarns and expansion of the yarn spinning sector. MY 2015/2016 cotton imports in Vietnam will continue rising to meet the increasing market demand.
