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  Trade

Ministry of Trade ceases granting automatic export licences to garment

The Ministry of Trade has, since early this month (April), ceased granting automatic export licences to exporters of garments and textiles to the European Union in 2004.

However, the ministry and the Ministry of Industry will allocate 20 percent of this year (2004)�€™s quotas to local businesses who are to export items made from locally available materials or directly sign contracts with customers from European countries�€™ citizenships.

Meanwhile, the remaining quotas will be granted to the trade services in Ha Noi, the central city of Da Nang, the northern port city of Hai Phong and Ho Chi Minh City, who then will grant the quotas to local enterprises.

Viet Nam is requesting the EU to raise its quotas to Viet Nam in 2004. Pending the EU final decision, Viet Nam Textiles and

Apparel Association has recommended local businesses to take initiatives in securing export contracts, or switch to exporting other non-quota items.

Viet Nam�€™s garment and textile exports to the European Union have so far this year surged considerably, reaching a record rise of 58 percent year-on-year in the first two months of this year (2004).

VNCG-VDC1 - (27/04/2004)


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