HC Deb 12 January 1990 vol 164 cc759-60W
Mr. Mullin

To ask the Secretary of State for Trade and Industry when export credits guarantee cover was restored to Vietnam.

Mr. Ridley

[holding answer 11 January 1990]: Export Credits Guarantee Department cover for business with Vietnam on medium and long-term credit was withdrawn in March 1982. Since December that year cover for short-term business has remained available subject to payment being made on terms of cash against documents out of an irrevocable letter of credit confirmed before shipment by a bank in the United Kingdom.

While ECGD continues to monitor developments no early relaxation of these terms is envisaged.