Duong Thuy Linh, Deputy Secretary General of VCOSA, presented her report of The current operation and development trend of vietnam's cotton textile industry chain.

The content revolves around the current status of the textile and apparel industry in Vietnam, the operational status of textile and apparel enterprises, and trend forecasts, as well as the development plan of the Vietnamese government for the textile and apparel industry (until 2035).

Looking at the total textile exports, there has been a 6.7% year-on-year growth from January to April this year, with fiber yarn increasing by 11.2% year-on-year and textiles for industrial use by 11.2%. The main exports are to the United States, Japan, South Korea, followed by the European Union and China. In terms of cotton yarn, exports are primarily to China, South Korea, Bangladesh, India, and Pakistan, with an overall stable distribution. Pure cotton yarn predominates, but in the past two years, its proportion in yarn exports has slightly decreased.

On the import side, cotton imports grew by 17.3% from January to April this year, with fiber yarn increasing by 18.6% year-on-year, fabric growing by 8.6% year-on-year, and accessories rising by 17.2% year-on-year. By 2024, Vietnam's imports of Brazilian cotton have significantly increased, while imports of Australian cotton have decreased significantly. Overall, cotton yarn remains the main imported fiber, accounting for 80%, with polyester staple fiber and viscose staple fiber accounting for 20%.

Most garment factories in Vietnam have their orders scheduled until the third quarter, while others have already secured orders for the fourth quarter. However, the unit prices of orders are relatively low, with some contract prices falling below those of 2023.

The Vietnamese government aims to achieve an annual average growth rate of 6.8-7.2% in textile and apparel exports by 2030, reaching $680-700 billion, with a localization rate of 56-60%.