VCOSA - VIETNAM COTTON - YARN MARKET REPORT - 11/2021 ISSUE

MONTHLY REPORT
Cotton and Yarn Statistics
November 2021
Collected and Edited By:
Information & Communication Dept.
Page 09
www.vcosa.vn
---For internal circulation only---
VIETNAM COTTON AND SPINNING ASSOCIATION
VCOSA'S UPCOMING EVENT
HIGHLIGHT
The 7th Vietnam Textile Summit 2021
Summit Highlights
Outlook 2030: Current Challenges and
Opportunities for Vietnam Textile and Apparel
Industry and its Future Planning.

VIETNAM COTTON AND SPINNING ASSOCIATION_______________________NOV 2021 – MONTHLY REPORT
• .
15/Fl., Block B, Viettel Complex Tower, 285 CMT8 Str, Ward 12, District 10, Hochiminh City, Vietnam.
Hotline: 84-902379490, Email: info@vcosa.org.vn
Account VND: 0071 0055 969 15, USD: 0071 3755 969 98
At Joint Stock Commercial Bank for Foreign Trade of Vietnam - Ho Chi Minh City Branch.
Swift code: BFTVVNVX007
Ho Chi Minh city, November 30th, 2021
MONTHLY REPORT November 2021
Contents
Report and Database ...............................................................................................................1
Monthly Import Statistics ..................................................................................................................................1
Monthly Export Statistics...................................................................................................................................5
Monthly Import Price Database ......................................................................................................................8
VCOSA’ activites and events ..................................................................................................9
Remarkable information in the Textile-Garment industry..............................................................12
Domestic market.............................................................................................................................................. 12
Reference of World economy from Vietnam................................................................................................... 12
Remarkable information .................................................................................................................................. 14
An update on export performance..............................................................................................................15
Export of textile fibers and yarns of all kinds increased by nearly 60% in 9 months of 2021.......................... 15
An update on import performance.............................................................................................................16
Import price of raw cotton continues to increase ........................................................................................... 16
Import price of raw yarn is still in an uptrend.................................................................................................. 19
Import price of raw fiber continues to decrease ............................................................................................. 22
Latest update on import price of materials and accessories ........................................................................... 26
Statistics....................................................................................................................................27
1. Vietnam Fiber and Yarn Import 2017-9M2021..........................................................................27
2. Vietnam Yarn Export 2017-9M2021................................................................................................28
3. Cotton Outlook 11-2021........................................................................................................................29
Source ........................................................................................................................................30
Reference from Newspapers..............................................................................................31
Six fashion materials that could help save the planet........................................................................31
PYMA urges govt to cut duty on polyester yarn ...................................................................................32
RCEP agreement to take effect in January 2022...................................................................................33
Cabinet approves price support to Cotton Corporation of India ..................................................34
Turkey's cotton consumption to increase as production rises......................................................35

Page | 1
Report and Database
Cotton Fiber, Cotton Yarn, Cotton Fabric imports and exports are covered in monthly report.
Monthly price database includes latest data per market, quantity, unit price, border and trade terms
with per product category.
Monthly Import Statistics
Items
October-2021
Compare last
month (%)
10 months 2021
Compare last
period (%)
Q’ty
(1,000 MT)
Value
(Mil. USD)
Q’ty Value
Q’ty
(1,000 MT)
Value
(Mil. USD)
Q’ty Value
Cotton 125.6 250.9 -21.2 -22.7 1,441.9 2,708.8 17.5 41.7
Fiber & Yarn 73.2 182.0 20.8 16.0 886.8 2,072.1 6.5 28.8
Fabric - 1,101.7 - 11.3 - 11,617.2 - 21.9
Accessories - 438.9 - 0.2 - 5,184.9 - 19.3
TOTAL - 1,973.4 - 1.2 - 21,583.0 - 27.9

Page | 2
95.1
111.7
128.6
123.5
102.1
176.3 175.3
158
145.5
140.5
133.6
159.3
125.6
91.4
101.0
113.4 112.2
74.6
117.9
103.2
93.8 92.9 91
70.7
60.6
73.2
-
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
180.0
200.0
Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21
1,000
MT
Vietnam Cotton, Fiber & Yarn Import
10 Months 2021 (1,000 MT)
Cotton Fiber & Yarn
-
200.0
400.0
600.0
800.0
1,000.0
1,200.0
1,400.0
1,600.0
Million
USD
Vietnam Import 10 Months 2021 (Mil. USD)
Cotton Fiber & Yarn Fabric Accessories

Page | 3
81.0
151.1
160.5
141.2
127.0
118.0 121.1 120.6
108.7
95.1
111.7
128.6
123.5
102.1
176.3 175.3
158.0
145.5
140.5
133.6
159.3
125.6
-
20.0
40.0
60.0
80.0
100.0
120.0
140.0
160.0
180.0
200.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Vietnam Cotton Import 10 Months 2021 (1,000 MT)
2020 2021
73.0
77.8
118.1
75.7
57.9
75.6
84.8 88.2 89.7 91.4
101.0
113.4
112.2
74.6
117.9
103.2
93.8 92.9 91.0
70.7
60.6
73.2
-
20.0
40.0
60.0
80.0
100.0
120.0
140.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Vietnam Fiber & Yarn Import 10 Months 2021 (1,000 MT)
2020 2021

Page | 4
1,622.7
1,662.2
2,362.4
3,011.7
2,573.4
2,282.3
2,708.8
1,519.0
1,609.0
1,821.6
2,418.6
2,409.8
1,998.8
2,072.1
10,154.4
10,483.3
11,381.1
12,771.9
13,276.0
11,875.6
11,617.2
5,002.8
5,058.8
5,428.5
5,711.4
5,863.6
5,381.1
5,184.9
-
2,000.0
4,000.0
6,000.0
8,000.0
10,000.0
12,000.0
14,000.0
2015 2016 2017 2 0 1 8 2019 2020 10M2021
MILLION
USD
VIETNAM IMPORT FROM 2015 TO 10M2021
(MIL. USD)
Cotton Fiber & Yarn Fabric Accessories

Page | 5
Monthly Export Statistics
Items
Oct-2021
Compare last
month (%)
10 months 2021
Compare last
period (%)
Q’ty
(1,000 MT)
Value
(Mil. USD)
Q’ty Value
Q’ty
(1,000 MT)
Value
(Mil. USD)
Q'ty Value
Yarn 148.0 468.1 2.1 3.3 1,611.4 4,564.9 16.4 55.0
Textile & Apparel
(include fabric)
- 2,643.9 - 16.1 - 26,091.1 - 5.5
- Fabric - 217.3 - 7.2 - 2,031.2 - 30.3
Accessories - 146.9 - 9.0 - 1,589.3 - 16.8
Technical Textile - 73.1 - 3.6 - 649.4 - 80.4
TOTAL - 3,332.0 - 8.0 - 32,894.6 - 39.4
0
100
200
300
400
500
600
Million
USD
Vietnam Export 10 Months 2021 (Mil. USD)
Yarn Fabric Accessories Technical Textile

Page | 6
2,561.0
2,241.1
2,830.4
2,660.8
1,820.8
2,723.9
2,458.8
2,573.8
3,064.6 3,118.8
2,654.6
2,277.4
2,643.9
O C T - 2 0 N O V - 2 0 D E C - 2 0 J A N - 2 1 F E B - 2 1 M A R - 2 1 A P R - 2 1 M A Y - 2 1 J U N - 2 1 J U L - 2 1 A U G - 2 1 S E P - 2 1 O C T - 2 1
MILLION
USD
VIETNAM TEXTILE & APPAREL EXPORT
10 MONTHS 2021 (MIL. USD)
2,539.8
2,929.5
3,593.3
4,024.9
4,177.1
3,736.6
4,564.9
996.6
1,078.4
1,324.8
1,759.4
2,127.0
1,943.4
2,031.2
1,434.3
1,495.2
1,710.6
1,902.1
2,014.6
1,687.5
1,589.3
435.4
415.3
457.9
529.7
588.9
456.0
649.4
-
500.0
1,000.0
1,500.0
2,000.0
2,500.0
3,000.0
3,500.0
4,000.0
4,500.0
5,000.0
2015 2016 2017 2018 2019 2020 10M2021
Vietnam Export from 2015 to 10M2021 (Mil. USD)
Yarn Fabric Accessories Technical Textile

Page | 7
2,470.4
2,233.9
2,338.6
1,609.6
1,866.9
2,601.9
3,041.2
2,966.0
2,883.3
2,561.0
2,241.1
2,830.4
2,660.8
1,820.8
2,723.9
2,458.8
2,573.8
3,064.6
3,118.8
2,654.6
2,277.4
2,643.9
JA N F E B MA R A P R MA Y JUN JUL A UG S E P OC T NOV DE C
MILLION
USD
VIETNAM TEXTILE & APPAREL EXPORT
10 MONTHS 2021 (MIL. USD)
2020 2021

Page | 8
Monthly Import Price Database
Product Market Unit Q’ty
Price
($US)
Border Term Oct
Cotton Switzerland kg 19,230 2.04 Cat Lai CIF Week 1
Cotton Switzerland kg 175,015 2.10 Cat Tien Sa CIF Week 1
Cotton Australia kg 101,565 2.27 Lach Huyen CIF Week 1
Cotton Macau kg 864,303 2.12 Cat Lai CIF Week 1
100% cotton yarn Korea kg 19,505 5.50 Cat Lai CIF Week 1
Polyester yarn China kg 6,336 1.15 Green Port Vip CIF Week 1
100% cotton fabric China m2 6,236 3.34 Dinh Vu Nam Hai CIF Week 1
100% polyester fabric Korea m2 11,650 1.31 New Port CIF Week 1
Cotton Hong Kong kg 323,600 1.98 Cat Lai C&F Week 2
Cotton Macau kg 252,260 1.74 Cat Lai CFR Week 2
Cotton Switzerland kg 20,719 1.67 Tan Vu C&F Week 2
Cotton USA kg 154,387 1.81 Dinh Vu DDU Week 2
100% polyester yarn Malaysia kg 20,620 1.23 Cat Tien Sa CIF Week 2
Cotton yarn China kg 21,092 3.11 Dinh Vu CIF Week 2
100% polyester fabric Korea yard 6,738 2.84 Mong Cai DDU Week 2
100% cotton fabric Hong Kong m2 1,872 1.03 Cat Lai C&F Week 2
Cotton India kg 62,072 0.46 Cat Lai CIF Week 3
Cotton Australia kg 512,726 2.34 Cat Lai CIF Week 3
Cotton India kg 100,362 0.86 Tan Vu CIF Week 3
100% polyester yarn Malaysia kg 20,606 1.23 Cat Lai CIF Week 3
Cotton yarn China kg 21,078 3.11 Green Port FOB Week 3
Polyester yarn China kg 171,587 1.29 Cat Tien Sa CIF Week 3
100% cotton fabric China m2 6,269 3.34 Dinh Vu Nam Hai CIF Week 3
100% polyester fabric Belize m 6,480 1.85 PTSC Dinh Vu CIF Week 3
Cotton Korea kg 40,090 1.25 Cat Lai CIF Week 3
Cotton India kg 37,008 1.22 Nam Hai CIF Week 4
Cotton Taiwan kg 4,509 6.13 Cat Lai CIF Week 4
Cotton Switzerland kg 122,432 2.21 Green Port Vip CIF Week 4
Cotton France kg 66,540 2.03 Cat Tien Sa CIF Week 4
Cotton Macau kg 241,390 1.90 Cat Lai CIF Week 4
100% cotton yarn Hong Kong kg 4,363 7.61 Dinh Vu CIF Week 4
100% polyester yarn UK kg 17,362 5.22 Cat Lai CFR Week 4
45S yarn China kg 21,775 2.83 Lach Huyen CIF Week 4

Page | 9
VCOSA’ activites and events
❖ The 7th Vietnam Textile Summit 2021, Summit Highlights:
✓ Outlook 2030: Current Challenges and Opportunities for Vietnam Textile and Apparel
Industry and its Future Planning.
✓ The latest Impact of Covid -19 on Vietnam Production and Analysis on Trade & Tax.
✓ Deep Interpretation on the Latest Changes and Regulations of FTA and CPTPP.
✓ China and the US: How Vietnam Thrive from the Challenges and Opportunities.
✓ What Next for Asian Garment Production After COVID-19?
✓ How Apparel Sourcing Strategy is Shifting in Vietnam Amid the Global Trade Tensions.
✓ How Can New Technologies Help Factory Adopt More Sustainable & Personalise
Production Methodologies Whilst Shorten Lead-Time.
✓ With the Rapid Growth of Exports and Epidemic Challenges, How to Manage the Textile
Raw Material Sourcing from Overseas.
✓ Panel Discussion: How to Achieve Speed, Effiency and Transparency Across the Apparel
Supply Chain.
✓ Integration of Vietnam’s Apparel & Textile Value Chain: More Sustainable and Resilience.
✓ Indurstry 4.0- Smart Manufacturing Enhance the Global Competitiveness.
✓ Supply Chain Digitalization to Meet the Ever-Changing Demands of the Consumer.
✓ Digital Logistics: How Supply Chain Leaders and Businesses Tapping into that Data and
Using it to Make Our Supply Chains More Efficient?
✓ Key Legal Issue and Potential Considerations On Current Vietnam Apparel and Textile
industry.
✓ Wages vs Productivity: What Should we Prepare After Covid-19.
✓ License to Operate in Vietnam: What Can International Brands and Investors Do to
Mitigate the Reputational risks?
✓ New Retail Models in Vietnam: Deeply Dig Consumer Demand to Achieve Seamless Retail
Experience.
✓ Digital Marketing Innovation of Fashion Brands in Vietnam.
or register here https://bit.ly/3BTGfjQ

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❖ Working session of VCOSA and the Central Economic Committee on October 29, 2021
1. Impact of the Covid-19 pandemic on the production and business activities of enterprises.
✓ Production and business activities of enterprises under the impact of the Covid 19
pandemic.
✓ The main impacts of the Covid-19 pandemic on production and business activities of
enterprises: impact on supply chains, customer access, workforce, cash flow. The
Covid 19 epidemic has caused businesses to have reduced orders and difficulties in
developing new markets, business operations were interrupted due to social
isolation, businesses lacked information and had not come up with response
scenarios.
✓ Enterprises' response solutions: stockpiling goods and raw materials, applying new
and more flexible ways of doing things, training digital skills for employees, finding
new supply chain solutions, applying automation.
✓ State support policies for enterprises: policies on epidemic prevention, capital, social
insurance, health insurance, unemployment insurance, land rent, tax…
✓ Major issues of state support policies: the issue of the gap between promulgated
policies and reality, the usefulness of support policies, the level of support of the
business community for the anti-epidemic measures, tax exemption and reduction
issues, removing obstacles in administrative procedures to improve the business
environment, and macroeconomic policies.
2. Support enterprises to recover and develop production and business in the new normal
context
✓ In the context of the new normal on the international and domestic scale, short-term
and long-term goals and tasks are set forth to support enterprises in recovering and
developing production and business.
3. Proposals and recommendations to the Party, Central Economic Commission, National
Assembly, Government, ministries, branches and localities
✓ On the basis of working sessions of the Central Economic Committee with VCCI;
VCOSA, the Central Economic Committee will develop a framework for re- outline so
that VCOSA and associations have detailed reports to recommend policies for
businesses (especially, to evaluate policies that have been issued but have not yet
been useful to other policies. will be more practical for businesses).
❖ Online interview with Mekong Economics project team, November 11, 2021
✓ Enhancing the competitiveness of Vietnam's growing yarn businesses.

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❖ Meeting with the Department of Industry, the Ministry of Industry and Trade and the
leaders of the Industry Association, on November 11, 2021
✓ The implementation of Resolution 128/NQ-CP, remove difficulties and obstacles for
enterprises to restore production after the Covid-19 pandemic.
❖ Online interview with USAID LinkSME project team, November 26, 2021
✓ Proposing ideas and solutions to strengthen management capacity and support
members; attracting and expanding new members for the association; strengthen the
ability to search and connect with leading companies in the chain.
✓ Discussing training plans, and implementing capacity building training courses of the
association and the project.
❖ Online meeting with Trade Remedies Department, Ministry of Industry and Trade,
November 29, 2021
✓ Talk to representatives of relevant businesses about polyester filament yarn products
that are being exempted.
❖ Webinar: “Neps and Related Matters”, November 09th, 2021
Tuesday, November 9th, 2021, 14:00
(UTC+07:00), the webinar "Neps and Related
Matters”” organized by VCOSA in cooperation
with CCI which took place with the participation
of more than 130 attendees from Vietnamese
spinning enterprise and leading speakers and
experts in the industry.
There are several causes of Neps during the spinning process. To prevent and minimize Neps,
technical experts with many years of expertise have analyzed and offered numerous
recommendations to assist spinning mills in better regulating Neps, consequently controlling
quality and lowering costs. Experts also consult solutions to efficiently employ US cotton in the
reduction of Neps.
The Webinar aims to assist spinning mills: (i) in-
depth Neps knowledge, (ii) technical and cost
comparisons of Neps impact between hand and
machineharvested cotton, (iii) approach new
spinning techniques with an ideal combination:
new card clothing sets for highest reduction Neps
efficiency, (iv) Neps control and treatment
experiences at Vietnamese spinning mill, as a
result, enterprises may improve their productivity and yarn quality.

Page | 12
Remarkable information in the Textile-Garment industry
Domestic market
The domestic economy has shown a more positive signal of recovery after the Covid-19
epidemic situation in many localities was basically under control.
The reopening of the economy has spurred a sharp increase in consumer demand. Total retail
sales of goods and services in October 2021 increased by 18.5% after 9 consecutive months of
decline due to the impact of the Covid-19 epidemic. Ending the first 10 months of 2021, the total
retail sales of goods and services still decreased by 19.52% over the same period last year.
In October 2021, the whole country had 8,233 newly established enterprises with a registered
capital of 108.6 trillion VND and registered employees of 58.8 thousand employees, an increase
of 111.2% in the number of enterprises, an increase of 73.9% in registered capital and 17.9%
in number of employees compared to September 2021. Generally, in the first 10 months of 2021,
the whole country has 93.7 thousand newly registered enterprises with a total registered
capital of nearly 1,304.4 trillion VND and a total registered labor force of 707.7 thousand
employees. down 15.7% in the number of enterprises, 18.2% in the registered capital and
16.8% in the number of employees over the same period last year.
Although recording a recovery trend, in general industrial production is still facing many
difficulties in restoring to the previous normal state. In this context, businesses need to make
efforts to adapt to the " new normal " and resume production chains while focusing on disease
control.
As for state management agencies, the Ministry of Industry and Trade will continue to closely
monitor the situation of industrial production to guide the Departments of Industry and Trade,
industrial zones and clusters to develop plans to restore production and business at each level.
level in the context of the Covid-19 epidemic continues to develop complicatedly.
Reference of World economy from Vietnam
Last week, the global economy recorded positive developments in the context of the global
epidemic situation "calming down" with a sharp drop in the number of new cases and deaths
globally. Most economies are gradually returning to a "normal" state, removing controls and
reopening. Along with a better outlook for the global economy, new macro data released last
week showed that key economies are accelerating across most of the key sectors.
In the US, the world's top economy last week recorded an improvement in the job market as
well as in the manufacturing and service sectors. According to data from the US Department of
Labor, in October 2021, the non-agricultural sector in the US added 571 thousand jobs,
exceeding the forecast of about 400,000 jobs and higher than the level of 523 thousand
employment in the previous month. Meanwhile, the purchasing managers' index (PMI) in the
non-manufacturing sector rose to 66.7 points in October 2021, higher than the level of 61.9

Page | 13
points in September 2021 and the level of forecast is 62 points. In the manufacturing sector, the
manufacturing index calculated by the Institute of Supply Management (ISM) in October 2021
continued to be expanded with 60.8 points, higher than expected level of 60.5 points. This result
shows that orders in the business, manufacturing and service sectors are increasing strongly,
reinforcing the solid recovery trend of the US economy.
The positive developments of the US economy made investors worry that the US Federal
Reserve (FED) would accelerate the process of gradually tightening monetary policy. In the
policy meeting in the first week of November 2021, although the FED announced that it will
continue to keep interest rates at a low level of 0 - 0.25% in the near future to continue
promoting the growth momentum of the economy, but at the same time this agency also
signaled that it will soon change monetary policy towards tightening. Accordingly, the FED
Chairman said that it is time to narrow the economic stimulus packages, but it is not time to
raise the USD interest rate but wait for the labor market to stabilize. The Fed also forecasts that
inflation will gradually decrease in the second and third quarters of 2022.
In Europe, the continent's economy continues to maintain its post-pandemic recovery,
supported by the gradual reopening of economies in the continent and the Bank of China's
support package of up to 1,850 billion euros. European Central Bank (ECB). According to
preliminary calculations of the European Statistics Agency (Eurostat), the EU economy in the
third quarter of 2021 increased by 2.1% compared to the previous quarter and increased by
3.9% compared to the third quarter of 2020. In which, the Eurozone economy achieved 2.2%
and 3.7% growth respectively.
However, the EU's recovery is facing many risks in the context of high inflation. Accordingly,
inflation in the Eurozone in September 2021 increased to 3.4% over the same period in 2020,
far exceeding the ECB's estimate of 2.2% increase, marking the highest level of the index. this
number for more than 10 years. In October 2021, it is estimated that regional inflation increased
to 4.1% over the same period last year. This is a record high in the past 13 years and is nearly
double the ECB's 2% increase target set in the context of continuously escalating energy prices.
Meanwhile, in China, there are many signs that the world's second-largest economy is
experiencing stagnant growth and escalating inflation. Specifically, factory activity in October
2021 declined more sharply than forecast and marked the second consecutive month of decline
in the context of factory output weakening due to rotating power cuts, lack of Raw materials
and input costs increase. According to data from the National Bureau of Statistics of China, the
manufacturing PMI in October 2021 reached 49.2 points, continuing to decrease from 49.6
points in September 2021 and below the threshold of 50. point. In addition, China's non-
manufacturing PMI dropped from 53.2 points in September 2021 to 52.4 points in October
2021. The producer price index (PPI) in September 2021 of this country increased by 10.7%
over the same period last year, strongest since this index began to be included in the statistics
in October 1996.

Page | 14
Remarkable information
o Export of textile fibers and yarns of all kinds increased by nearly 60% in 9 months of 2021.
o It is forecasted that the export of the whole textile and garment industry will reach USD 9.5
billion in the fourth quarter of 2021.
o Australia is Vietnam's 12th textile and garment import market, with an annual import
share of about 1.1% of Vietnam's total textile and garment export turnover.
o The price of imported cotton materials to Vietnam fluctuates and increases according to
the world cotton price. World cotton prices are still in a strong uptrend, it is forecasted that
Vietnam's cotton import prices will continue to increase in the last months of 2021.
o Import price of raw fiber continued to decrease in September 2021, with the average
import price reaching 1,294 USD/ton, down 0.4% in August 2021.
o Import price of raw yarn is still in an uptrend.
o Textile and garment sector to recover with labour support.
o Turkey's cotton business is expected to grow in the near future as the country is expected
to increase cotton harvesting area, production, imports and total domestic consumption.
o Bangladesh's textile and garment industry attracts 377 million USD in FDI in fiscal year
2020-21.

Page | 15
An update on export performance
Export of textile fibers and yarns of all kinds increased by nearly 60% in 9 months of
2021
According to statistics from the General Department of Customs, Vietnam's exports of textile
fibers and yarns of all kinds in September 2021 reached 144.9 thousand tons, with a turnover
of 453.4 million USD, down 7.3% in volume and down 5 .8% in turnover compared to August
2021; down 13.1% in volume but up 33.6% in turnover compared to September 2020.
In the first nine months of 2021, Vietnam's export of textile fibers and yarns of all kinds reached
1.46 million tons with a turnover of $4,096 billion, up 21.8% in volume and 59.8% in turnover
over the same period. period 2020; up 17.8% in volume and 32.6% in turnover over the same
period in 2019.
Vietnam’s export fibers and yarns 9 months 2021 (thousand USD)
Vietnam exports textile fibers and yarns of all kinds mainly to the Chinese market, accounting
for 54.2% of total export turnover in the first nine months of 2021.
In general, Vietnam's exports of fibers, yarns and textiles in the first nine months of 2021
increased in many markets compared to the same period in 2020, of which exports to China
increased by 20.2% in volume and increased by 52.5% in turnover, exports to the US,
Bangladesh, Cambodia, Chile, Italy... increased sharply.
Thus, together with other groups of garment materials and accessories (fabric, curtain fabric...),
the export of fibers and textile yarns of all kinds also grew well in the first nine months of 2021.
The price of textile raw materials has increased sharply in the world market in recent years, so
Vietnam has promoted the export of textile fibers and yarns. It is forecasted that the export of
this group of goods will increase in the coming time when the demand for input materials of
many markets increases to serve their production and export in the last months of the year.

Page | 16
Vietnam's export fibers and yarns 9 months of 2021
Importer
Sep-2021 Compared
to Aug-2021
(%)
Compared to Sep-
2020 (%)
9 months 2021 Compared to
9M/2020 (%)
Qty
(ton)
Value
(1,000
USD)
Qty Value Qty Value Qty
(ton)
Value
(1,000
USD)
Qty Value
Total 144,933 453,401 -7.3 -5.8 -13.1 33.6 1,463,562 4,096,838 21.8 59.8
China 73,187 229,335 -15.7 -14.1 -17.3 21.2 793,599 2,222,302 20.2 52.5
Korea 14,582 47,220 14.2 20.1 22.9 86.4 131,090 390,233 19.7 60.6
USA 9,888 11,409 9.2 -2.2 79.4 79.3 78,625 98,921 51.9 74.9
Bangladesh 5,593 24,155 22.7 -2.1 173.1 266.2 29,139 162,334 108.2 245.7
Taiwan 4,457 16,844 15.5 21.0 14.8 75.6 42,266 132,892 91.2 138.6
Japan 2,933 8,418 7.2 16.2 36.7 91.7 26,809 67,838 34.0 25.2
Indonesia 2,667 12,484 6.8 23.8 11.8 98.6 23,793 90,919 36.4 92.2
Thailand 2,284 7,013 6.3 1.6 -41.0 -24.9 22,750 69,132 -11.2 5.1
Brazil 2,251 10,506 -26.7 16.2 -61.4 18.1 31,198 76,035 12.0 67.0
Cambodia 1,940 7,708 -11.4 -6.1 58.8 128.0 16,195 58,813 69.7 136.0
Pakistan 1,861 10,106 -12.5 -2.6 -59.1 46.2 28,091 91,201 9.6 124.8
UK 1,674 1,551 11.8 10.3 -47.3 -40.0 17,210 15,676 10.1 14.9
Colombia 1,674 6,630 18.0 20.4 -19.8 56.2 14,963 48,082 18.4 78.7
India 1,591 4,720 -13.4 -19.2 -39.0 -8.1 18,689 51,346 72.1 88.0
Peru 1,100 2,641 54.7 53.4 -29.9 -1.0 5,928 13,575 55.9 94.1
Chile 898 1,416 -10.6 -19.8 183.3 145.2 5,224 10,168 144.9 144.0
Egypt 865 2,998 -36.0 -15.1 -68.1 -43.0 12,836 35,448 -33.0 -6.7
Malaysia 812 2,563 17.5 18.7 -50.1 -20.7 13,741 42,853 6.0 41.4
Turkey 786 2,795 -31.4 -48.2 -76.7 -54.1 15,809 65,305 -50.8 -0.8
Hong Kong 720 5,386 -6.4 -2.5 -76.8 -37.9 8,449 42,193 -48.8 -11.9
Philippines 720 1,552 -11.3 -17.6 21.6 78.4 6,504 14,457 3.3 33.7
Sri Lanka 471 3,634 -32.0 -11.1 -47.6 20.8 6,378 36,635 68.0 161.5
Romania 415 1,763 -26.7 -17.8 -42.0 -30.4 4,712 16,915 54.2 52.7
Italy 339 1,853 -53.3 -21.8 24.2 30.1 4,938 21,510 100.2 122.1
An update on import performance
Import price of raw cotton continues to increase
According to statistics of the General Department of Customs, cotton imports to Vietnam in
September 2021 reached 159.25 thousand tons, worth 324.75 million USD, up 19.2% in volume
and 22.2% in value compared to August 2021; increased 47.2% in volume and 106.4 % in value
compared to September 2020.
Generally, for the first nine months of 2021, cotton imports to Vietnam reached 1.31 million
tons, worth $2.45 billion, up 16.2% in volume and 38.7% in value over the same period last year
2020.

Page | 17
Vietnam’s import cotton 9 months 2021 (thousand tons)
In the first nine months of 2021, there are 11 markets supplying raw cotton to Vietnam, stable
compared to the same period in 2020.
The US is the largest source of raw cotton for Vietnam in the first nine months of 2021, reaching
561 thousand tons, worth 1.07 billion USD, down 22.17% in volume and 5.77% in value over
the same period of 2020, accounting for 44.91% of total cotton imports. Particularly in
September 2021, the amount of cotton material imported from this market reached 57.48
thousand tons, worth 117 million USD, down 8.45% in volume but up 25.18% in value over the
same period last year 2020.
On the contrary, cotton imports from some other markets increased in the first nine months of
2021 over the same period in 2020 such as imports from Brazil up 40.78% in volume and 59.9%
in value; imports from the Australian market increased by 511% in volume and 610.4% in
value; India increased 113.6 percent in volume and 170.6% in value.
Vietnam's import cottons in 9 months 2021
Exporter
Sep-2021 Compared to
Aug-2021 (%)
Compared to Sep-
2020 (%)
9M/2020 (%)
Qty
(ton)
Value
(1,000
USD)
Qty Value Qty Value Qty
(ton)
Value
(1,000
USD)
Qty Value
Total 159,251 324,752 19.24 21.22 46.47 105.78 1,315,525 2,456,040 16.24 38.67
USA 57,486 117,869 15.57 13.49 -8.45 25.18 561,126 1,078,459 -22.17 -5.77
Brazil 12,651 25,472 -28.03 -27.19 -33.45 -9.97 299,398 544,727 40.78 59.90
Australia 56,588 119,953 63.87 68.76 2,824.44 3,713.73 140,412 289,670 511.07 610.47
India 8,487 13,406 -36.80 -40.95 -27.61 3.01 148,613 240,330 113.69 170.66
Ivory Coast 3,304 6,467 -5.84 -2.81 31.63 75.28 31,924 59,057 142.16 198.51
Argentina 5,542 11,153 45.65 46.50 64.01 132.65 16,600 31,195 25.06 70.01
Indonesia 1,071 1,095 63.26 63.31 52.13 29.84 8,421 10,256 45.37 71.01
Korea 127 212 10.43 -35.10 139.62 111.51 2,617 4,427 89.23 115.99
Pakistan 73 97 -46.72 -50.65 -79.08 -77.16 1,235 1,757 -59.24 -54.84
China 16 22 -61.90 -79.07 -98.02 -97.94 493 983 -64.86 -57.74
Taiwan 7 32 0.00 10.67 30 183 -86.61 -52.97

Page | 18
About price: The price of cotton imported into Vietnam in September 2021 was at $2,039 per
ton, an increase of 1.64% compared to August 2021 and an increase of 40.5% over the same
period in September 2020.
In the first nine months of 2021, the price of imported cotton materials to Vietnam averaged
$1,857/ton, up 19.3% over the same period in 2020. The average price of imported cotton from
most markets increased over the same period of 2020, with an increase of 10-35%. In which,
the price of cotton material imported from Indonesia reached a low level of 1,218 USD/ton;
followed by India with USD 1,617/ton and the import price from Australia reached the highest
level of USD 2,063/ton.
The price of cotton material imported into Vietnam fluctuates and increases according to the
world price of cotton. In the first 9 months of 2021, world cotton prices increased sharply due
to increased demand in yarn producing countries after the global economy showed signs of
recovery and low yarn inventories. World cotton prices have reached a 10-year high.
Specifically:
Cotton prices on the US Intercontinental Exchange (ICE) have reached a 10-year high and the
momentum has not stopped.
The price of the December cotton contract on ICE has increased 22% in the past 11 sessions,
reaching a 10-year high. Only in the trading session on October 6, 2021, cotton price increased
by 1.96% to $2,448/ton. In its latest cotton production forecast for October 2021 and its
inventory forecast for the 2021/22 crop year, the International Cotton Advisory Committee
(ICAC) has forecast global cotton production for this season to be around 25.7 million tonnes,
6% higher than last year, but still below pre-Covid-19 levels. Output is expected to increase in
developed countries such as Australia, Brazil and the US.
World cotton prices are still in a strong uptrend, it is forecasted that Vietnam's cotton import
prices will continue to increase in the last months of 2021, accordingly, importers need to keep
abreast of the next developments to import. when prices are low.

Page | 19
Import price of cotton 9 months 2021
Exporter
Sep-2021
(USD/ton)
Compared to
Aug-2021
(%)
Compared to
Sep-2020 (%)
9 months
2021
(USD/ton)
Compared to
9 months
2020 (%)
Total 2,039 1.66 40.50 1,867 19.29
USA 2,050 -1.80 36.73 1,922 21.08
Brazil 2,013 1.17 35.29 1,819 13.58
Australia 2,120 2.99 30.41 2,063 16.27
India 1,580 -6.56 42.30 1,617 26.66
Ivory Coast 1,957 3.22 33.16 1,850 23.27
Argentina 2,012 0.58 41.85 1,879 35.95
Indonesia 1,022 0.03 -14.66 1,218 17.64
Korea 1,666 -41.23 -11.73 1,692 14.15
Pakistan 1,322 -7.39 9.19 1,423 10.79
China 1,379 -45.07 4.05 1,994 20.27
Taiwan 4,530 10.67 6,101 251.13
Import price of cotton 9 months 2021 (USD/ton)
Import price of raw yarn is still in an uptrend
According to statistics of the General Department of Customs, Vietnam's import of raw yarn in
September 2021 reached 37.68 thousand tons, worth $124.88 million, down 20.6% in volume
and 13 percent. 9% in value compared to August 2021, down 47.5% in volume and 6.1% in
value compared to September 2020.
In the first nine months of 2021, the import volume of raw yarn into Vietnam reached 551
thousand tons, worth $1.51 billion, up 18.8% in volume and 40.7% in value over the same
period last year 2020.

Page | 20
Vietnam’s import yarn 9 months 2021 (thousand tons)
China is the largest source of yarn for Vietnam in September 2021 with imports reaching 23.83
thousand tons, worth US$74.54 million, down 21.6 percent in volume and 16 percent in volume;
down 36.1% in volume but up 1% in value compared to September 2020. Generally, for the first
nine months of 2021, imports of raw materials from the Chinese market reached 329.89
thousand tons, worth $840.78 million, up 28.2% in volume and 47.6% in value compared to
same period in 2020.
In September 2021, the import of raw yarn from Taiwan market to Vietnam reached 4.17
thousand tons, worth 11.6 million USD, down 31.9% in volume and 32.7% in value compared
with August 2021; down 39.4% and down 33.2% in value compared to September 2020. In the
first nine months of 2021, the import of raw yarn from Taiwan market reached 77.73 thousand
tons, worth 198.13 million USD, up 52.1% in volume and up 46% in value over the same period
last year 2020.
In general, in the first nine months of 2021, imports of raw yarn from markets to Vietnam
increased over the same period in 2020, except for Japan, which decreased by 82.3%, and
Malaysia by 20.2% in volume.
Notably, the import volume of raw yarn from a number of markets increased sharply in the first
nine months of 2021 such as Italy, the US, and Macau.
Vietnam's import of yarns in 9 months 2021
Exporter
Sep-2021 Compared
to Aug-2021
(%)
Compared to
Sep-2020 (%)
9M/2020 (%)
Qty (ton) Value
(1,000 USD)
Qty Value Qty Value Qty (ton) Value
(1,000 USD)
Qty Value
Total 37,684 124,882 -20.6 -13.9 -47.6 -6.0 541,075 1,502,308 26.8 39.0
China 23,830 74,543 -21.6 -16.0 -36.1 1.0 329,896 840,781 28.2 47.6
Taiwan 4,173 11,650 -31.9 -32.7 -39.4 -33.2 77,730 198,134 52.1 46.0
India 3,980 13,092 -9.4 -3.5 -13.7 33.4 45,917 128,917 27.7 47.3
South Korea 929 4,639 -44.0 -31.0 -58.3 -37.3 24,915 92,712 39.8 41.8
Indonesia 2,145 6,154 17.8 21.2 -7.1 24.7 24,239 66,232 34.2 44.1
Hong Kong 295 3,036 18.7 39.1 -55.9 -54.7 7,172 44,439 38.0 -32.3
Thailand 657 2,581 -22.3 -9.3 -56.2 -22.2 8,244 29,127 4.0 -0.4

Page | 21
Exporter
Sep-2021 Compared
to Aug-2021
(%)
Compared to
Sep-2020 (%)
9M/2020 (%)
Qty (ton) Value
(1,000 USD)
(1,000 USD)
Qty Value
Japan 266 2,656 0.2 9.6 -98.2 0.1 2,867 28,787 -82.3 25.7
Singapore 63 834 -17.5 -19.7 -68.4 -57.6 1,649 13,113 75.2 44.5
Malaysia 539 1,620 -35.3 23.1 -43.3 21.2 6,015 9,660 -20.2 2.2
Italy 33 737 -25.2 57.8 73.5 139.2 706 6,021 267.7 9.0
USA 108 790 21.7 115.5 1,771.3 66.3 923 5,753 313.1 10.5
Pakistan 141 696 105.7 149.6 63.1 181.0 1,211 4,561 25.3 20.3
Turkey 54 307 -75.8 -71.4 -19.8 3.8 1,078 4,416 -0.7 44.2
Netherlands 51 680 963.4 206.0 2,164.8 4,342.7 113 3,119 71.9 -18.2
Ma Cau - -100.0 -100.0 261 2,956 307.6 874.1
Bangladesh 260 200 79.2 4.2 -4.8 -13.4 2,481 2,869 -22.5 -19.3
Sri Lanka 13 139 17.4 16.6 -60.4 -44.0 289 2,193 22.2 -6.0
Switzerlands 0 23 406.5 406.5 -99.5 -70.9 1,575 1,599 158.4 170.8
About price: The average import price of raw yarn to Vietnam in September 2021 reached USD
3,314/ton, an increase of USD 259/ton compared to August 2021 and an increase of USD
1,467/ton compared to September 2020. In the first nine months of 2021, the import price of
raw yarn to Vietnam averaged $2,777/ton, up 9.65% over the same period in 2020.
Import price of yarn 9 months 2021 (USD/ton)
In September 2021, the import price of raw yarn from Taiwan market reached a low level of
2,792 USD/ton; followed by Indonesia with USD 2,870/ton and the import price of raw yarn
from Hong Kong market reached the highest level, reaching USD 10,294/ton.
The sharp increase in the price of raw materials imported into Vietnam has significantly
affected the production and business activities of Vietnam's textile industry because most
businesses are dependent on imported raw materials, so production costs are also high,
meanwhile, Vietnam's textile enterprises have not been able to raise finished product prices in
the short term. This is one of the difficulties for Vietnamese textile enterprises in the context of
high world raw material prices.

Page | 22
Import price of yarn 9 months 2021
Exporter
Sep-2021
(USD/ton)
Compared to
Aug-2021
(%)
Compared to
Sep-2020 (%)
9 months
2021
(USD/ton)
Compared to
9 months
2020 (%)
Total 3,314 8.50 79.40 2,777 9.65
China 3,128 7.20 58.00 2,549 15.12
Taiwan 2,792 -1.10 10.20 2,549 -4.02
India 3,290 6.50 54.60 2,808 15.29
South Korea 4,996 23.20 50.30 3,721 1.46
Indonesia 2,870 2.90 34.30 2,732 7.37
Hong Kong 10,294 17.20 2.60 6,196 -50.96
Thailand 3,931 16.70 77.50 3,533 -4.24
Japan 9,997 9.40 5,355.80 10,041 611.98
Singapore 13,163 -2.70 34.30 7,955 -17.49
Malaysia 3,008 90.20 113.70 1,606 28.16
Italy 22,390 111.00 37.80 8,527 -70.37
USA 7,313 77.20 -91.10 6,233 -73.26
Pakistan 4,923 21.40 72.30 3,767 -3.97
Turkey 5,646 17.90 29.40 4,095 45.16
Netherlands 13,339 -71.20 96.20 27,482 -52.42
Ma Cau 11,338 138.98
Bangladesh 769 -41.80 -9.10 1,156 4.23
Sri Lanka 10,528 -0.60 41.40 7,596 -23.13
Switzerlands 48,560 0.00 5,970.00 1,015 4.82
Import price of raw fiber continues to decrease
According to statistics of the General Department of Customs, Vietnam's imported fiber material
in September 2021 reached 22.92 thousand tons, worth USD 29.67 million, down 10.5% in
volume and down 10.8% in value compared to August 2021; down 29.8% in volume and 9.23%
in value compared to September 2020.
Generally, in the first nine months of 2021, the amount of imported raw fiber reached 294
thousand tons, worth 377 million USD, up 7.7% in volume and 19.7% in value over the same
period in 2020.
Vietnam’s import fiber 9 months 2021 (thousand tons)

Page | 23
In September 2021, Vietnam imported raw fiber from 26 markets, an increase of 3 markets
compared to the same period in 2020, China is the largest supplier of raw fiber to Vietnam, with
imports reaching 10.43 thousand tons, worth 13.83 million USD, down 1.1% in volume but up
4.64% in value compared to August 2021; down 28.3% in volume and 3.3% in value compared
to September 2020. Generally, for the first nine months of 2021, imports of raw fiber from the
Chinese market reached 127.73 thousand tons, worth 150.72 million USD, up 23.1% in volume
and 37.4% in value compared to the previous year 2020.
In September 2021, the import of raw fiber from Taiwan market reached 3.95 thousand tons,
worth 4.4 million USD, up 7.3% in volume and 11.1% in value compared to August 2021; down
34.3% and down 11.7% in value over the same period in September 2020. In the first nine
months of 2021, imports of raw fiber from Taiwan market reached 45.9 thousand tons, worth
50.8 million USD, accounting for 15.6% of Vietnam's total import of raw fiber, down 0 .3% in
volume but up 15.8% in value over the same period in 2020.
In general, in the first nine months of 2021, imports of raw fibers from major markets into
Vietnam decreased slightly in volume, except for imports from China, which increased by
23.12%.
Notably, the import volume of raw fiber from some markets increased sharply in the first nine
months of 2021 such as India, Hong Kong, and Cambodia.
Vietnam's import fibers in 9 months 2021
Exporter
Aug-2021 (%)
Compared to
Sep-2020 (%)
9M/2020 (%)
Qty
(ton)
Value
(1,000
USD)
(1,000
USD)
Qty Value
Total 22,916 29,668 -10.5 -10.8 -29.9 -11.7 294,243 377,123 7.5 19.4
China 10,437 13,839 -1.1 4.6 -28.3 -3.3 127,731 150,727 23.1 37.4
Taiwan 3,856 4,400 7.3 11.1 -34.3 -11.7 45,953 50,762 -0.3 15.8
Korea 2,761 3,246 -20.7 -25.8 -38.6 -37.0 30,613 44,844 -1.7 8.6
Thailand 1,356 1,609 -40.5 -50.5 -64.2 -47.3 29,346 37,395 -32.0 -5.1
Indonesia 1,854 2,217 -29.3 -22.4 25.0 71.9 20,671 25,237 -2.6 32.3
Greece 522 1,669 -4.6 2.3 2.9 39.3 6,297 17,229 -6.7 2.9
India 1,058 1,034 -3.9 -8.7 453.1 253.3 13,831 16,186 336.1 327.6
Singapore 25 320 -94.0 -64.4 -95.2 -56.6 2,271 6,497 -27.5 1.0
Hong Kong 1 15 -58.4 -59.1 -99.8 -96.9 3,659 6,138 219.1 188.8
Malaysia 270 309 31.0 -4.7 -14.9 -6.8 3,326 4,274 58.9 74.3
USA 89 342 -31.8 -31.6 -18.3 -18.1 1,587 4,203 -60.1 -64.0
Japan 82 51 -47.9 -78.4 -57.7 -90.4 1,725 3,617 -49.4 -67.4
Cambodia 479 403 56.8 56.4 2,825 2,315 12,181.8 7,340.1
Russia - 1,581 2,165 152.5 307.4
Austria - -100.0 -100.0 466 1,301

Page | 24
Exporter
Aug-2021 (%)
Compared to
Sep-2020 (%)
9M/2020 (%)
Qty
(ton)
Value
(1,000
USD)
(1,000
USD)
Qty Value
Pakistan 73 97 -38.6 -39.1 -49.2 -49.7 881 1,189 27.6 18.0
Macau - 474 731 131.8 174.8
UK - 147 516 8.4 13.1
Netherlands 3 50 260.1 886.7 -77.5 -78.0 27 455 -71.6 -68.9
Italy - 144 320 -46.2 33.3
Bangladesh 45 41 318 286
Myanmar - 143 232 6.7 -12.5
Belgium 7 25 113 184 1,576.0 1,467.1
Slovenia - 60 181 -93.9 -92.3
Turkey - 44 109 -92.6 -84.4
In terms of price: In September 2021, the price of imported raw fiber to Vietnam reached an
average of 1,294 USD/ton, down 0.4% compared to August 2021 but up 25.8% compared to
September 2020. In which, the price of raw fiber imported from India reached the lowest level
of 978 USD/ton; followed by the price of imported fiber from Taiwan market reached 1,141
USD/ton and the price of raw fiber imported from the Greek market reached the highest level,
reaching 3,196 USD/ton.
Import price of fiber 9 months 2021 (USD/ton)
The complicated developments of the Covid-19 epidemic in many countries around the world
have affected the supply chain of goods in both supply and demand directions.
Now is the time for textile enterprises to step up production to complete year-end export
orders. However, the price of textile raw materials in the world has increased simultaneously

Page | 25
in recent years, including raw fiber, which have directly affected the import price of raw
materials for the textile and garment industry of Vietnam.
Currently, most of the textile enterprises have had orders by the end of the fourth quarter of
2021, even the first quarter of 2022, however, over the past time, garment enterprises in the
southern provinces and cities have fallen into moderate production, factory closure due to
complicated developments of the epidemic. Many businesses apply the "3-on-the-spot" working
mode to complete orders, causing high costs and losses.
The high price of imported input materials in recent years is a big challenge for businesses,
especially those that have signed with customers at low prices since last year.
The slight decrease in the price of imported fiber in the last 3 months will help Vietnam's textile
and garment manufacturing enterprises have a plan to balance production resources,
restructure products and markets to have a good solution. for production and business in the
context of volatile markets.
Import price of fiber 9 months 2021
Exporter
Sep-2021
(USD/ton)
Compared to
Aug-2021
(%)
Compared to
Sep-2020 (%)
9 months
2021
(USD/ton)
Compared to
9 months
2020 (%)
Total 1,295 -0.32 25.90 1,282 11.05
China 1,326 5.77 34.86 1,180 11.59
Taiwan 1,141 3.53 34.38 1,105 16.21
Korea 1,176 -6.35 2.59 1,465 10.52
Thailand 1,187 -16.74 47.10 1,274 39.70
Indonesia 1,196 9.66 37.50 1,221 35.77
Greece 3,196 7.18 35.44 2,736 10.21
India 978 -5.00 -36.12 1,170 -1.95
Singapore 12,972 488.77 802.46 2,860 39.19
Hong Kong 26,491 -1.55 1,716.94 1,677 -9.50
Malaysia 1,143 -27.29 9.49 1,285 9.67
USA 3,860 0.27 0.27 2,648 -9.66
Japan 619 -58.58 -77.24 2,097 -35.69
Cambodia 841 -0.29 820 -39.42
Russia 1,370 61.39
Austria 2,790
Pakistan 1,330 -0.88 -1.05 1,349 -7.50
Macau 1,544 18.55
UK 3,504 4.35
Netherlands 18,632 174.01 -2.12 16,694 9.59
Italy 2,213 147.94
Bangladesh 900 900
Myanmar 1,627 -18.00
Belgium 3,800 1,636 -6.50
Slovenia 3,020 26.18
Turkey 2,500 109.87

Page | 26
Latest update on import price of materials and accessories
Cotton price
Last week, the price of natural cotton imported from a number of markets increased compared
to the previous week, such as Switzerland up 6.3% to 2,119 USD/ton, Brazil up 13.4% to 2,516
USD/ton. In the opposite direction, the price of cotton imported from some markets decreased,
such as Australia, down 0.6% to $2,240/ton; US down 10.6% to 1,879 USD/ton.
Compared to the same period in 2020, the price of imported natural cotton increased in most
markets in the past week, except for Hong Kong, which decreased by 22.5% to $ 1,833 per ton.
Yarn price
The price of imported 100% polyester yarn (HS code 54023300) last week increased in many
markets compared to the previous week. In which, the price of 100% polyester yarn imported
from China increased by 20.1% to 5.98 USD/kg; from Korea increased 7.1% to 2.73 USD/kg. In
contrast, the price of 100% polyester yarn imported from Taiwan decreased by 22.5% to 4.75
USD/kg; US down 27.2% to 13.6 USD/kg.
Compared to the same period in 2020, the import price of 100% polyester yarn from some
markets increased by 44.7% to 5.98 USD/kg; Hong Kong increased by 8.3% to 3.99 USD/kg. In
contrast, the price of 100% polyester yarn imported from Korea decreased by 30.8% to 2.73
USD/kg; Taiwan down 16.1% to $4.75/kg.
Fabric price
Type of 100% cotton fabric size 56 (HS code 52093900) imported from Taiwan market is priced
at 2.72 USD/m2, while the import price of this type from Malaysia market is 4.51 USD/m2, CIF,
Cat Lai Port.
100% cotton fabric size 61/62 (HS code 52091900) imported from the Chinese market is priced
at $2.29/meter, while the price for importing this type from the Hong Kong market is
$3.68/meter, CIF, Cat Lai Port.
100% polyester fabric size 58/60'' (HS code 55121900) imported from China market is priced
at 1.31 USD/m2, while the import price of this type from the Korean market is 2.82 USD/m2,
CIF, Tan Vu Port.
100% polyester fabric (HS code 54076190) imported from Malaysia market is priced at $
1.59/m2, while the price for this type of fabric imported from Hong Kong market is $ 1.31/m2,
CIF, Cat Lai Port.

Page | 27
Statistics
1. Vietnam Fiber and Yarn Import 2017-9M2021
From January to September 2021, Vietnam imported a total of 569,353 tons of PSF fiber, 100%
PE yarn, and PE filament yarn, down 5.58% compared to 602,977 tons of the same period last
year. China is still the leading source of fiber and yarn imports from Vietnam.
In 9 months of 2021, Vietnam imported PSF fiber estimated at 223,443 tons, equivalent to
247.17 million USD; 100% PE yarn reached 35,990 tons, worth 133.81 million USD; PE filament
yarn reached 309,920 tons, worth 710.36 million USD.

Page | 28
2. Vietnam Yarn Export 2017-9M2021
** Statistical data of 2020-2021 is not fully updated by ITC.
From January to September 2021, Vietnam has exported 5 types of yarns worth US$2.7 billion
(including 100% cotton yarn, blended cotton yarn, PE filament yarn, 100% PE yarn, blended PE
yarn) increased by 17.2% compared with 2.3 billion USD of the same period last year, of which
mainly exported to China, Korea…

Page | 29
In 9 months of 2021, Vietnam's 100% cotton yarn exports accounted for the highest proportion,
reaching 595,824 tons, equivalent to 1,714.18 million USD; blended cotton yarn reached
105,698 tons, worth 284.52 million USD; PE filament yarn reached 176,213 tons, worth 557.05
million USD; 100% PE yarn reached 56,254 tons, worth 137.15 million USD; The lowest is
blended PE yarn of 5,783 tons, worth 15.75 million USD.
3. Cotton Outlook 11-2021
China and India Lead 2021/22 Global Cotton Mill Use Increase
The latest U.S. Department of Agriculture (USDA) estimates indicate that world cotton mill use
in 2021/22 (August–July) is projected at 123.4 million bales, 3 percent above 2020/21. China
and India lead the way, accounting for a combined 53 percent of the total. In addition, gains are
seen for Pakistan, Bangladesh, Turkey, and others.
Global cotton production is forecast at 120.3 million bales in 2021/22, 7 percent above the year
before, as a rebound in harvested area and a forecast record yield combine for the higher output.
World cotton trade is projected at 46.4 million bales this season, second to 2020/21’s record
and supportive of the higher mill use estimate. Global cotton mill use remains forecast above
production, reducing 2021/22 ending stocks to 87.1 million bales, the lowest in 3 years.
Likewise, the world stocks-to-use ratio is expected at its lowest since 2018/19, strengthening
world cotton prices to levels not seen in a decade.
World Cotton Mill Use Forecast to Increase in 2021/22
Global cotton consumption in 2021/22 is forecast to increase nearly 3 percent this season as
the global economy—particularly consumer demand for cotton products—continues to recover

Page | 30
from the coronavirus (COVID-19) impacts. At 123.4 million bales, world mill use is expected to
rise about 3.5 million bales this season.
For the top cotton-spinning countries, 2021/22 mill use is forecast to expand or remain
unchanged from the year before, with the 6 leading countries accounting for a combined 82
percent of the world total. In 2021/22, China is forecast to spin 40 million bales of raw cotton,
the same as in 2020/21, which was the highest since 2017/18. China is expected to account for
nearly one-third of total global cotton consumption in 2021/22. India’s mill use, on the other
hand, is projected to increase 5 percent from 2020/21 as the textile industry there expands.
Cotton mill use in India is forecast at a record 25.5 million bales in 2021/22, or 21 percent of
the global total.
Cotton mill use is forecast to rise for Pakistan and Bangladesh in 2021/22, reaching 11.2 million
bales (+6 percent) and 8.7 million bales (+2 percent), respectively. In addition, cotton mill use
is expected to reach 8.4 million bales (+9 percent) in Turkey, while mill use in Vietnam is
forecast unchanged at 7.3 million bales in 2021/22. As with the other major spinners, these
countries’ 2021/22 share of global mill use is near last season’s level.
Source
All data are accurate, relevant and verified from sources: the Ministry of Industry and Trade,
General Department of Vietnam Customs, General Statistics Office of Vietnam, International Trade
Center and other reliable sources.
5.8 6.1
4
2.2
2.9
1.5
0.8 1.2 0.7 0.2 0.3 0.3 0.3 0.2
8.7
5.6
0.5
1.8 0.7
2.5
1.8
1.9 1.6 0.7
0.5 0.4
0.1
0.2
1.3
3.4
1.5 1.8
0.1
0.8
0.3
0.3 0.3
0.2 0.1
2.3
0.2
1.2
1.1
1.1
1.8
1.6
0.5
0.2
0.2
0
2
4
6
8
10
12
14
16
18
Million
metric
tons
World Cotton Market Outlook 11-2021
Production Consumption Exports Imports

Page | 31
Reference from Newspapers
Six fashion materials that could help save the planet
Bbcearth
From fast fashion to cotton, the list of ways we consume fashion that have an adverse effect on
our environment and other species is a long one. But is there hope?
Apart from consuming less, recycling and repairing, can we find clothes and textiles which are
more sustainable? And if you have to buy new clothes, which fabrics should you look out for?
Here are six materials or innovations which could help in the drive for a more sustainable way
of life.
Pineapple 'leather'
Plant or fruit “leathers”, made from waste materials, are starting to gain traction. Piñatex, for
example, is a material made from the leaves of pineapples grown in the Philippines. Its
production is much more sustainable than traditional leather and is completely animal-free. It
requires less water and no harmful chemicals that are ecologically toxic to wildlife. The leftover
leaf waste is recycled and used for fertiliser or biomass. Currently the material is being used for
upholstery in the first vegan hotel suite in London.
Squid’s in
Biomimicry - looking to the natural world for direct inspiration - is on the rise in many different
fields such as engineering, architecture and medicine. Now textile manufacturers and fashion
designers are finding ways to incorporate or mimic natural processes in their own work.
Processes in nature often need less energy to achieve results, for example, there are only about
five polymers, or long chains of molecules, commonly used in the natural world, whereas in our
commercial world we have manufactured more than 350. Most recently, scientists at
Pennsylvania State University have discovered that a protein in squid ring teeth - in the suckers
in their tentacles - can be engineered in a lab to be of wider use. For example, coating a fibre in
the protein makes it much more durable. The protein also has self-healing properties. It could
be used to create garments which are recyclable, biodegradable and last longer.
Wool
Although not all wool farms have adequate welfare standards, and many activist organisations,
such as PETA, argue that it isn’t ethical, wool is a sustainable fabric: renewable, durable and
biodegradable. Additionally, some sheep farmers produce wool using techniques which
sequester carbon from the atmosphere to reduce the environmental impact. The strength and
resilience of the fabric - it is both flame-resistant and water-repellent - means that it lasts for a
long time, reducing the need for fast fashion replacements.

Page | 32
Linen
Linen is made from the fibres of the flax plant. It was used by cultures as far back as the ancient
Egyptians because of its durability and ability to keep people cool and absorb water. These days,
when it is grown in geographically suitable areas, such as Europe (almost three-quarters of flax
is grown in the EU), there is no need for pesticides or fertilisers and it requires much less water
than cotton and is good for soil health. The material itself is hard-wearing so doesn’t need to be
replaced for years and dries quicker than cotton and other fabrics.
Better cotton
Cotton farming requires intensive use of pesticides and chemicals as well as gallons of water to
produce just one item of cleaning. However, there are more sustainable ways of producing the
fabric, which take into account the wider environment and habitats of the rest of nature. The
Better Cotton Initiative, for example, supports farmers across the world to care for water, soil
health and natural habitats with certain specifications. It covers 12.5 per cent of the market.
Another way of knowing what impact your T-shirt has already had is by looking out for retailers
that are certified organic cotton with the GOTS (Global Organic Textile Standard) label. This
means that the manufacturing process doesn’t use toxic fertilisers or pesticides which are
harmful for our environment, including the workers.
Lyocell and other natural fibres
There is an increasing awareness that when we wash clothes made from man-made fibres they
release microfibres into waterways via our washing machines. As these microfibres are harmful
to other species, the drive to find natural, environmentally sustainable fibres is at an all-time
high. One such material is Lyocell. The raw material is cellulose from wood pulp. It is produced
under the trade name Tencel owned by a company in Austria. The fibres are biodegradable and
compostable and the production process has a low environmental footprint. Wastewater is
recycled, for example, and no toxic chemicals are used. Hemp, of course, is another natural fibre
with a low environmental impact. Conscious designers also use cork, bamboo and even seaweed
to make ethical, vegan clothes.
PYMA urges govt to cut duty on polyester yarn
Business Recorder
Nov 02, 2021
They said that the government had announced in the budget 2021-22 to reduce the Customs
duty at nine percent on polyester yarn, the main raw material of the textile industry, but after
many months, neither Customs duty nor the anti-dumping duty has been reduced.
At the first meeting of the Managing Committee, PYMA office-bearers urged the Prime Minister
Imran Khan, Advisor on Trade & Investment, Abdul Razak Dawood, and Finance Adviser,
Shaukat Tarin that the government should fulfil promise to reduce Customs duty from 11

Page | 33
percent to nine percent on polyester yarn. Similarly, the anti-dumping duty should be abolished
in the best interest of the textile industry, especially SMEs.
M Usman, Khurshid Shaikh, Hanif Lakhany, Saqib Goodluck, Farhan Ashrafi, Jawed Khanani,
Altaf Haroon, Noman Ilyas, Asif Amanullah, Behroze Kapadia, Shoaib Sharif, Rizwan Almas,
Sohail Nisar and Rizwan Diwan also attended the meeting.
Saqib Naseem, Junaid Teli further said that the prices of polyester yarn have gone up due to
rising oil prices, excess freight charges and shortage of containers in the global market. As a
result, the textile industry, SMEs, especially power looms, are suffering from high costs. They
are having difficulty making cloth while it is becoming extremely difficult for them to run the
units.
PYMA office-bearers added that the steady rise in production costs has forced SMEs and small
businesses to consider whether to continue their production activities in the current dire
economic situation, as the high cost, continuing to work for SMEs and small businesses is
nothing but a loss-making.
RCEP agreement to take effect in January 2022
Vietnamplus
Nov 09, 2021
The Regional Comprehensive Economic Partnership (RCEP) Agreement will officially take effect
starting January 1 next year, according to the Ministry of Industry and Trade.
The trade pact was signed by 10 ASEAN members and their five partner countries on November
2020 on the sidelines of the 37th ASEAN Summit chaired by Vietnam.
It will come into effect 60 days after it is ratified by at least six ASEAN members and three other
signatory countries.
As of November 2, six ASEAN nations, including Vietnam, and four signatories - China, Japan,
Australia and New Zealand - had submitted documents ratifying the agreement to the ASEAN
Secretary-General.
The RCEP agreement taking effect from January next year is expected to multilateralise free
trade agreements that ASEAN signed with partner countries, harmonise commitments and
regulations in the trade pacts, maximise economic interests, particularly origin principle and
trade facilitation, and strengthen regional supply chains and economic recovery in the post-
pandemic period.
The agreement, gathering the 10 ASEAN member nations and Australia, China, Japan, New
Zealand and the Republic of Korea, will cover a market of 2.2 billion people, accounting for
about 30 percent of the world’s population, and a total GDP of 26.2 trillion USD.

Page | 34
Cabinet approves price support to Cotton Corporation of India
The Hindu
Nov 10, 2021
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday gave approval for
committed price support of ₹17,408.85 crore to the Cotton Corporation of India (CCI) for the
cotton seasons (October to September) from 2014-2015 to 2020-2021.
Since the cotton prices touched Minimum Support Price (MSP) levels, the CCI had procured
cotton at MSP prices during these years.
During the COVID-19 pandemic in the last two cotton seasons (2019-2020 and 2020-2021), the
CCI procured around one third of the cotton production in the country, i.e. about 200 lakh bales,
and disbursed more than ₹55,000 crore directly in the bank accounts of around 40 lakh farmers.
According to a press release, during cotton season 2020-2021 (October to September), area
under cotton cultivation was 133 lakh hectares with estimated production of 360 lakh bales,
which account for around 25% of total global cotton production.
For the current cotton season (October 2021 to September 2022), the CCI has made adequate
arrangements in all 11 major cotton growing States to meet MSP operations if needed, the press
release futher added.
The CCEA also approved reservation norms for mandatory use of jute in packaging for the Jute
Year 2021 - 2022 (July 1, 2021 to June 30, 2022). The mandatory packaging norms approved
provide for 100% reservation of the foodgrains and 20% of sugar to be compulsorily packed in
jute bags.
The reservation norms will further protect the interest of domestic production of raw jute and
jute packaging material in the country as packaging in jute packaging material consumed
around 66.57% of the raw jute produced in the country (in 2020-2021). By bringing into effect
the provision of Jute Packaging Material (JPM) Act, the Government will provide relief to 3.7
lakh workers employed in jute mills and ancillary units as well as support the livelihood of
around 40 lakh farm families, the press release said.
The average Production of Jute Sacking Bags is about 30 lakhs bales and the Union government
purchases jute sacking bags worth approximately ₹8,000 crore every year for packing of
foodgrains, ensuring guaranteed market for the produce of jute farmers and workers, the press
release added.

Page | 35
Turkey's cotton consumption to increase as production rises
Fibre2fashion
Oct 14, 2021
Turkey’s cotton business is expected to strengthen in the upcoming period due to an expected
rise in the cotton harvested area, production, imports and total domestic consumption. Cotton
harvested area is likely to increase due to favourable weather conditions, rising global cotton
prices, better yield and increased incentives from the Turkish government.
The total domestic cotton consumption of the country will rise owing to high domestic demand
during winter and festival season, which along with an insufficient supply, has augmented the
country’s cotton imports. The US is a major supplier of cotton to Turkey.
Turkey’s cotton area harvested was 0.57 million hectares in market year (MY) 2019-20 (August
2019 to July 2020), according to Fibre2Fashion’s market analysis tool TexPro. It dropped by
38.60 per cent to 0.35 million hectares in MY 2020-21 due to the pandemic but is expected to
rise again by 28.57 per cent to reach 0.45 million hectares in MY 2021-22.
Cotton production of the country was 0.75 million metric tons in MY 2019-20, which diminished
by 16 per cent to 0.63 million metric tons in MY 2020-21. Now it is expected to rise by 19.05
per cent to 0.75 million metric tons in MY 2021-22.
As for the imports, the country imported 1.02 million metric tons of cotton in MY 2019-20 and
1.16 million metric tons in MY 2020-21. Turkey is now expected to import 1.18 million metric
tons in MY 2021-22.
Turkey’s total consumption of cotton in MY 2019-20 was 1.45 million metric tons, which shot
up by 13.79 per cent to 1.65 million metric tons in MY 2020-21, according to TexPro. The
consumption may expand further by 10.61 per cent to 1.83 million metric tons in MY 2021-22.

VCOSA - VIETNAM COTTON - YARN MARKET REPORT - 11/2021 ISSUE

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