VIETNAM: Garment Trade Boosted By New Cotton Plantations
Vietnam's textile industry is to receive another boost under the country's cotton development program.
The program aims to increase the country's cotton plantations to 150,000ha over the next ten years, a move that is hoped will help meet up to 70 per cent of the textile industry's needs.
Vietnam has a current annual spend of around US$80-100m importing between 50,000-60,000 tonnes of raw cotton to feed the country's textile mills. The requirement for raw cotton by the textile and garment trade is likely to have increased to around 130,000 tonnes by 2010.
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