Cotton Day was held in Vietnam, October 4, 2022.At the event, US experts, suppliers and producers shared information, market trends, and ideas to optimise cooperation opportunities between Vietnam’s garment and textile sector and the US cotton industry.Vietnam is an important destination for US farm produce and cotton and the US hopes to promote bilateral cooperation in this field.

Vietnam is the second largest cotton importer from the US and also an important source of supply of the material. The breakthrough growth in Vietnam’s garment and textile exports has made the country a promising market for multinational material suppliers. Meanwhile, changes in the sector recently have proved the timely adaptation and flexibility of the industry.

Experts feel sustainable cotton production will drive continuous improvement of Vietnam’s garment and textile industry for sustainable development and that among the new trends in the garment and textile sector, verified data and supply chain transparency are the top factors that enhance the competitiveness of products.

This year, Vietnam aims for $42billion in garment and textile exports and to this end the sector has paid great attention to material supply sources and regulations on origin in import markets. However Vietnamese enterprises need information on cotton material sources and a market forecast report for the 2023-2024 period.