Vietnam’s cotton imports fell sharply to US$166.89 million in September, down 26.51 percent month-on-month, according to preliminary data from Vietnam’s General Department of Customs.
Total imports in the first nine months of 2025 reached US$2.26 billion, led by the United States, Brazil, and Australia.
Imports from the United States dropped 32.83 percent to US$81.29 million, while Brazilian shipments halved to US$14.35 million.
Australian cotton purchases remained stable, down only 2.78 percent to US$43.08 million.
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Vietnam imports of cotton in October 2025, US$millions
| September | August | MoM | YTD | |
| Total | 166.89 | 227.09 | -26.51% | 2,259.95 |
| Other | 13.33 | 15.49 | -13.92% | 140.02 |
| USA | 81.29 | 121.02 | -32.83% | 1,142.19 |
| Australia | 43.08 | 44.32 | -2.78% | 214.42 |
| Brazil | 14.35 | 30.17 | -52.45% | 634.05 |
| India | 7.35 | 8.57 | -14.24% | 71.54 |
| Argentina | 4.18 | 3.53 | 18.21% | 26.40 |
| Ivory Coast | 1.66 | 1.81 | -8.18% | 13.34 |
| Indonesia | 1.33 | 1.68 | -20.87% | 14.49 |
| South Korea | 0.27 | 0.44 | -38.39% | 1.99 |
| Taiwan | 0.06 | 0.00 | 0.00% | 0.12 |
| China | 0.00 | 0.07 | -100.00% | 1.38 |
| Pakistan | 0.00 | 0.07 | -100.00% | 0.42 |
Listed cotton companies
Viet Thang Corporation
Viet Thang Corporation (TVT) produces cotton, fibre, yarns, fabrics, and garments, and trades machinery and materials for industrial sectors.
TVT closed at VND 16,900 on Monday up 0.3 percent with 15,000 shares traded, worth VND 25 million.
Foreign ownership in TVT is currently capped at 0.0 percent, with current foreign ownership sitting at 0.0 percent.
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Vietnam’s cotton industry
Vietnam’s cotton industry is small but strategically important to its textile and garment exports.
Domestic cotton production covers less than one percent of annual demand, with most raw cotton imported from the United States, Brazil, and Australia.
Cotton imports are mainly processed into yarn and fabric for re-export, forming a key part of Vietnam’s export-oriented textile value chain.
Despite global competitiveness in garments, the country remains dependent on imported cotton and faces challenges in developing upstream production, technology, and sustainability standards.
Strengthening local supply chains and fibre processing capacity remains central to long-term industry growth.