How To Import Yarn From Vietnam? The Origin & Shipment Process

4.8/5 - (15 votes)

Yarn is a vital input product for the textile industry today. It is very diverse in color, quality, and origin.

Vietnam is a yarn-producing country with a considerable export volume to countries in the region and the world. Therefore, businesses can look for yarn business opportunities in this country with reasonable costs and high profits.

The following article will help businesses get more information about the topic: “how to import Yarn from Vietnam”

The Origin

import Yarn From Vietnam 1
The origin

The origin of Vietnamese fibers is very diverse and divided into two main types: natural and artificial. Natural fibers are from cotton, jute, flax, and silkworm cocoons. 

Synthetic fibers are made from Polyester, Nylon, Acrylic. Therefore, the production process of these fibers is also different.

From jute, flax, and silk, natural products are often from Vietnam’s high mountains and forests. Besides, the primary input material of the yarn industry is cotton, which is complete, with more than 50% coming from the US and other countries such as Brazil, India, Australia, West Africa.

Chemically processed and manufactured artificial fibers are mainly from different countries worldwide. Currently, many enterprises are producing this product, such as Vietnam Petrochemical and Fiber Joint Stock Company (VNPoly), Vietnam Fiber Joint Stock Company, PE Cotton Sheet Manufacturing Joint Venture Enterprise, and some other foreign-owned or foreign-invested companies.

Production facilities are mainly in the Red River Delta, Mekong River Delta, and surrounding areas. Thanks to abundant human and material resources, the manufacturing industry constantly develops, bringing great value and profits.

Export Market Of Yarn In Vietnam

import Yarn From Vietnam 2
Yarn Manufacturing

Currently, Vietnam’s yarn industry products account for more than 70% of the output used for export. According to the General Department of Customs statistics, the group of textile fibers and fibers has been exported to 18 countries and achieved an export turnover of 1.3 billion USD (in 2016).

China’s largest export market, accounting for about 55-70%, depending on the period. In addition, other markets include Korea, Taiwan, Bangladesh, Brazil.

In 2021, Vietnam’s fiber exports will reach 1.32 million tons, worth $3.6 billion. At the same time, the industry is affected by circulation restrictions, but exports still maintain a turnover of over 400 million USD/month.

The price of cotton yarn had the most substantial increase (18 – 20%), poly-viscose yarn (up 16 – 17%), poly yarn, and poly-cotton blended yarn also increased by over 10%.

The average price of Vietnam’s export cotton yarn is about $2.37/ton in 2020 and will increase in 2021.

 It can be that the yarn market in Vietnam is huge in terms of quantity and quality, and diverse designs. Therefore, many textile and garment enterprises and businesses in the fashion sector always prioritize this country when looking for a place to supply production inputs.

How To Import Yarn From Vietnam? Shipping Process

import Yarn From Vietnam 3
Shipping Process

You need to pay attention to the HS codes of products that can be exported:

  • 5031: Flax (raw or not spun)
  • 5320: Hemp (raw or not spun)
  • 5305: Coir and abaca fibers and other textile fibers of vegetable origin.
  • 5306: Linen yarn.
  • 5307: Jute yarn.
  • 5308: Fibers of vegetable origin.

Here is the process of importing yarn from Vietnam for businesses:

Step 1: Sign the contract and prepare the goods

After the contract is signed, the business needs to check the goods following the requirements from the contract and pack them carefully before moving to the warehouse.

Step 2: Prepare documents, means, and customs declaration

Standard export customs documents include:

  • Business registration of exporting enterprises, Tax code certification (First-time export)
  • Commercial contract
  • Packing list
  • Container handover minutes
  • Certificate of Origin (C/O)

Specifically, suppose the place to do customs procedures directly is the headquarters of the border gate Customs Sub-Department.

The office of the Customs Sub-Department outside the border gate is also the place to receive the documents.

On the contrary, if an enterprise chooses to make an electronic customs declaration, the place to receive and process customs dossiers may be the customs office of the province, inter-province, or centrally-run city.

Step 3: Deliver the goods to the ship

Before that, the business needs to provide a bill of lading. Then, the shipping unit moves the goods to the importing country.

About VNCOMEX JSC

Importing goods from Vietnam is not a complicated process, but not all businesses understand the process. Therefore, VNCOMEX JSC was to bring the best import-export services to customers.

We always spend maximum resources with the most professional and dedicated staff to ensure stable and perfect quality to customers.

With many years of operation in the field of Logistics and working with hundreds of different customers, VNCOMEX JSC is committed to providing exemplary services at reasonable and reliable prices.

Some of VNCOMEX JSC’s primary services include:

  • Consultancy on customs procedures
  • The import-export service
  • Shipping by sea, by air
  • Domestic and international shipping
  • Transporting construction goods, moving machinery and factories.

Conclusion

The article provided information about the yarn and export process from Vietnam. It is a product with large output and various designs and materials. At the same time, through the articles that we offer, you will undoubtedly choose the most suitable product for your business.

VNCOMEX JSC looks forward to having the opportunity to become a partner of the company in the future.

Thank you for reading!



source https://vncomex.com/import-yarn-from-vietnam/

Comments

Post a Comment

Popular posts from this blog

How To Import Shoes From Vietnam In 2022?

Image
Shoes are always indispensable for everyone due to the use they bring. The product helps protect the feet and is comfortable working and exercising in many weather conditions. Vietnam is the world’s second-largest exporter of footwear and the world’s largest exporter of canvas shoes in terms of value. Therefore, this market can import in large quantities and with good quality. If you desire to learn and import shoes from Vietnam , this article is for you! The Origin The Shoe Origin Vietnam has many factories of significant brands globally, such as Nike, Adidas, Reebok, Puma, New Balance, Decathlon, etc. Vietnam has become a country that processes and manufactures leather and footwear most extensively for Nike as it produces more than 50% of its shoe production and has grown over time. Besides, big brands like Biti’s, Ananas, Juno have a small domestic market share. However, Vietnamese brands have constantly improved in terms of designs, products, and quality to approach closer...
Read more

How To Import Bedding From Vietnam [Beginner Guide In 2022]

Image
4.9/5 - (14 votes) Vietnam is one of the world’s leading textile exporters. It appears as a great alternative to China. Many foreign traders have shown interest in Vietnamese textile products, such as beddings. So how to import bedding from Vietnam?   We will share a complete guide to trading in this country. Let’s join us!  The Origin Textiles have been a part of Vietnamese culture for millennia. Vietnamese women have been weaving thread into stunning silk for centuries. They employed basic tools, yet their products came with advanced technology and great value. The Vietnamese textile industry flourished around 1958 in the northern areas and 1970 in the south.  The French built large factories at Nam Dinh, Hai Phong, and Hanoi to serve this sector. The textile sector has been one of Vietnam’s most important industries. The skill level of workers has been improving to produce high-quality goods. Vietnam produces bedding fro...
Read more

Import Bamboo Utensils From Vietnam: Origin & Shipment Process

Image
4.8/5 - (25 votes) On the market today, bamboo utensils are becoming more and more popular. In particular, you will quickly notice that bamboo is popular in some Asian countries such as Japan, China, and Vietnam.  However, perhaps it appears more in Vietnam, and the import bamboo utensils from Vietnam are also more diverse and creative. Suppose you are interested in the issues of importing bamboo utensils from that plant. In that case, this article is for you because we will cover the import/export stages and the transportation process of all kinds of products like bamboo utensils. Besides, some other information about the origin and the market of this product may also be an issue that you are interested in. Origin Of Vietnamese Bamboo Utensils Utensils Rustic Food Wooden Cooking Kitchen Tools Before mentioning the import and export situation of Vietnamese bamboo utensils, here is some information about the application and development. ...
Read more