August 11, 2008

Vietnam to Foster Cotton Production

Vietnam to foster cotton production

HANOI, Aug. 8 (Xinhua) -- Vietnam will increase its cotton output to 40,000 tons in 2015 and 60,000 tons in 2020 from over 7, 300 tons in 2008, in a move to assist its domestic garment and textile industry more strongly, according to a local major garment and textile producer and exporter on Friday.

Under a national program on developing the local cotton industry by 2015 with orientation to 2020 recently approved by the government, Vietnam will increase cotton acreage to 40,000 hectares by 2015, said the Vietnam National Textile and Garment Group.

Vietnam will center on developing concentrated cotton farms in the central region, encouraging households to grow cotton on larger scale, choosing high-yield cotton varieties, and intensifying application of advanced technologies in cotton production.

Vietnam imported 170,000 tons of cotton worth 258 million U.S. dollars in the first seven months of this year, posting respective year-on-year rises of 26.1 percent and 55 percent, while making garment and textile export turnovers of nearly 5.1 billion dollars, up 20.5 percent, according to the country's General Statistics Office.

Last year, Vietnam's demand for cotton was over 220,000 tons, more than 95 percent of which was met by imports, mainly from the United States, Uzbekistan, India and some African countries, the state-owned group said.

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