Vietnam's textile and clothing industry has seen exports to the US and the EU recover, according to the Ministry of Trade.

The upturn in export figures comes as the MoT implements an automatic quota allocation strategy, which grants quotas to local companies according to demand instead of being pre-determined.

Vietnam saw relatively disappointing textiles trade during the first half of the year, recording only a 0.3 per cent increase in export turnover.

However, export earnings between 27 June and 9 July totalled approximately USD200 Million, which represented the biggest rate of growth so far this year.

The MoT says that the automatic quota allocation policy will be adhered to until about 80 per cent of each export product's total quota is reached.