Overview of the press conference
According to BTC, Cotton Day 2022 is an opportunity to meet, exchange and connect between partners, suppliers and businesses operating in the supply chain, in order to provide important solutions for sustainable development. and traceability. This helps Vietnamese textile and garment enterprises to respond to market fluctuations in the new situation. The event will be held on October 4, 2022 in Ho Chi Minh City, with the participation of more than 200 enterprises operating in the textile and garment sector in Vietnam. In particular, the program has the participation of leading experts from the American Cotton Association and businesses operating in the US textile and garment sector.
Speaking at the press conference, Mr. Vu Duc Giang - Chairman of the Vietnam Textile and Apparel Association said that in the first 8 months of 2022, Vietnam's textile and garment industry exported 31 billion USD, especially exports to the US market reached nearly 12 ,9 billion USD. It is expected that in 2022, Vietnam's textile and garment industry will achieve an export turnover of 44 billion USD. Currently, US cotton imported into Vietnam accounts for over 50% of total cotton imports. American cotton products are evaluated with stable quality, good quality for the spinning industry in Vietnam. At the same time, Mr. Vu Duc Giang continued to make recommendations to the American Cotton Association, the US Department of Agriculture should soon propose to the US Government to speed up the establishment of bonded warehouses of US cotton in the Vietnamese market. helping Vietnam's spinning industry to access US cotton products faster, shortening purchase time and reducing costs for businesses
At Cotton Day 2022, speakers from the US Consulate, leaders, experts in the textile industry of Vietnam and the US cotton industry will share information about Vietnam's textile and garment industry in the new situation, opportunities and challenges. awake; About the American Cotton Association and the American cotton industry… Especially, the event will introduce to customers fashion design products using American cotton materials from domestic fashion brands.
Cam Ha
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