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Viet Nam to set textile quota regulations for US market
A series of conferences was held in Hanoi and Ho Chi Minh City in Viet Nam recently, by Ministry of Trade and Industry and Vietnam Textile and Garment Association, on issue guidelines for regulating and allocating export quota to US market...more
by Textile Intelligence
View more news from [ Ha Noi ] [ Vietnam ]
A series of conferences was held in Hanoi and Ho Chi Minh City in Viet Nam recently, by Ministry of Trade and Industry and Vietnam Textile and Garment Association, on issuing guidelines for regulating and allocating export quota to US market in 2006, industry sources stated. Therefore, textile and garment export quota in 2006 to the US market is clearly carried out in two measures: auto – visa and allocation

based on assignment. Auto – visa quota accounts for about 40 % only of total export quota, sources said. Textile and garment exporters who have achieved significant exports in 2005 are allotted from the rest 60 % but with guaranteeing deposit. Quota allocation is applicable to leading exporters only. Meanwhile, enterprises which gained modest achievement or newly established ones will be able to sell their goods to US market via auto-visa issuance, the source explained. 



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