African cotton managed to meet domestic production requirements the best however, Giang said.
At the meeting, aimed at boosting East and Southern African cotton exports to Viet Nam, Ho Thi Kim Thoa, deputy minister of MoIT, said that bilateral trade between Viet Nam and nations in Africa had seen significant growth in the past few years.
However, a lot of untapped potential remains, she added, emphasising that the meeting would help provide more information regarding cotton production and markets while creating a direct channel between Vietnamese companies and their African partners.
Thoa confirmed that Viet Nam had imported 47,659 tonnes of cotton, worth US$193.86 million, from Africa last year. From South Africa alone, volume and value came to 16,768 tonnes and $68,86 million, respectively.
However, Vietnamese producers had had to import African cotton via intermediaries, causing an array of difficulties to both exporters and importers while raising import costs. — VNS