The figure represents an increase of 65% over January 2005, when only $92mil worth of products were exported.
The inter-ministries saw the export turnover as an encouraging result, especially considering that Vietnamese enterprises could not take the initiative in their production plans as they were facing difficulties related to borrowing from 2006? quotas in 2005 as a result of the tardiness of the ATC (agreement on textile and clothing) extension.
However, thanks to flexibility in quota management, under which the visas are granted automatically, the enterprises were able to negotiate with partners to get the best orders.
In January, seven categories of apparel saw the export volume fulfilling 10% of the total quota volume, while six categories fulfilled 6%. Several categories have a high ratio of fulfilment, namely 359/659S (18.19%) and 342/642 (15.11%).
The Ministry of Trade has reminded the enterprises to pay attention to the outsourcing prices to secure the best rates when negotiating with partners. Though Chinese exports are increasing compared to the previous years as a result of higher quota volume, the export volume is limited. In addition, Chinese enterprises have to pay handsomely to reach quotas for several categories of products.
