Trade Ministry to provide automatic textile export licenses
02 Jun '05
1 min read
Ministry of Trade, Vietnam has announced that it is planning to automatically provide export licenses for domestic textile manufacturers.
Minister, Truong Dinh Tuyen explained that the ministry intends to issue export licenses to textile manufacturers for shipments to large-scale importers in other countries.
The ministry also wants to take back export quota of textile producers who have only utilized 35 % of its total quotas for export in the last five months. recovery is likely to start by the end of June or beginning of July. U.S. still sustains quota restrictions out of Vietnam's biggest textile export markets.
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