CIRCULAR 69/2016 / TT-BTC PROVIDING CUSTOMS PROCEDURES FOR PETROL AND OIL, CHEMICALS, EXPORT, IMPORT, TEMPORARY IMPORT FOR RE-EXPORT, TRANSPORT AND TRANSIT THROUGH; RAW MATERIALS IMPORTED FOR THE PRODUCTION AND PROCESSING OR EXPORT OF PETROL AND OIL; CRUDE OIL AND IMPORT; GOODS IMPORT AND EXPORT IN SERVICE OF OIL AND GAS ACTIVITIES ISSUED BY THE MINISTRY OF FINANCE

Textile products is listed in top 10 major export products of Vietnam, according to statistics from the Customs Department, until October 2020, Vietnam’s total export volume for textiles reach 24,73 billion USD, while the total import volume for this product reach 17,40 billion USD. The fast pace growth of Vietnam’s economy alongside with EVFTA (free trade pact between Vietnam and the EU) went into full effect in January 2020 has plays a major role in the increase of Vietnam’s textile export. Furthermore, the growth in trade volume between Vietnam and the U.S – the trade partner with huge demand for textiles is boosting up Vietnam’s textiles export. Taking advantage of this, many textiles manufacturers alongside export - import enterprises now wants to join in the international market or increase their products volume.