According to the Vietnamese Ministry of Trade, Vietnam’s exports quota-bound textile and garment products to the US have reached some $1.5 billion so far this year, 8% higher than in the same period last year. 

Almost all of the categories subject to quotas have already used over 75% of their total quotas for the year with nearly four months to go. 

Despite the quotas imposed, Vietnam expects to earn $5.5 billion from garment and textile exports, mainly to the EU and the USA in 2006, up nearly 14.6% against 2005.