The Cotton Council International (CCI)
organized the trip. Texhong Renze's SAP software system, which correctly tacks cotton
as it moves through supply chains, was demonstrated to attendees.
“We’re proud of our
traceability program and we are inviting all of our customers to examine it
directly, and to provide feedback,” senior manager of
marketing and development Department of Texhong Kenneth Chen said.
On a yearly basis, the factory uses more
than 100,000 tons of cotton that is reported from the U.S. Vietnam is one of
the biggest purchasers of tax industrial cotton from the United States, and in
exchange, the United States imports around 42% of all textile and apparel
produced in Vietnam. In 2021, Vietnam exported yarn worth about $5.6 million,
up to 20% of which came from Texhong. The group of cotton executives included
CCI executive director Bruce Atherley, past chairman of the National Cotton
Council Kent Fountain, CCI head of technical services Joerg Bauersachs,
upcoming ACSA chairman Tommy Hayden and Cotton USA Vietnam and Cambodia Program
representative William Hung.
Texhong is one of the largest purchasers of
U.S. cotton. The group has been active this year in setting up partnerships. A group
of Texhong executives visited Lubbock County, Texas earlier this year, which is
one of the highest yield counties in the United States for cotton producers,
Texas Business Daily reported.
The U.S. Department of Agriculture
estimates that the U.S. produced 20 million cotton bales in 2019, with a market
value of $7 billion. More than 200 pairs of trousers or 1,200 t-shirts can be
made from one bale of cotton. After China and India, the United States is the
third-largest producer of cotton, with its fields accounting for 35% of global
cotton exports.
Vietnam’s export of
cotton products grew at a rate of 17% per year from 2014 to 2019 and is
notching annual revenues worth $39 billion of which the bulk of which was in
clothing exports, according to Vietnam Briefing.