Vo Manh Hung, CCI Chief Representative in Vietnam speaks at the press conference (Photo: VNA)
The information was announced at a press conference on September 14, which was jointly organised by the Vietnam Textile & Apparel Association (VITAS) and the US Cotton Council International (CCI) in Vietnam - the non-profit trade association of the US.
This is one of the CCI’s major events held in many Asian countries, aiming to create a venue for meetings and trade exchanges between textile enterprises, partners operating in the textiles and garment industry, suppliers and experts as well.
The Cotton Day event was first introduced in Vietnam in 2017. Since then it has become a place for fashion brands and businesses to seek investment and business cooperation opportunities.
Vo Manh Hung, CCI Chief Representative in Vietnam said Cotton Day Vietnam 2020 will offer a good chance for businesses to access market information, consumer trends across the world.
The online event is hoped to solve challenges as US and Vietnamese cotton businesses have had difficulties in connecting and promoting trade exchange since the beginning of 2020.
According to Chairman of VITAS Vu Duc Giang, US firms always consider Vietnam as a key market for the US cotton industry, while Vietnamese enterprises prefer US cotton because of its stable quality.
Every year, the CCI continuously organises trade and investment promotion activities, and those to share experience on corporate governance and production methods among manufacturing factories in the region and the world, Giang said, adding that these are practical activities, helping Vietnam's textile and garment industry expand its market and improve its competitiveness.
Vietnam is the third largest cotton importer in the world hitting1.5 million tonnes per year, including over 800,000 tonnes of cotton imported from the US./.