Vietnam strives to earn $250 million from tea exports in 2017

Vietnam’s tea sector is aiming to export 150,000 tons and earn a turnover of $250 million in 2017, announced the Ministry of Agriculture and Rural Development (MARD).

Vietnam’s tea sector is aiming to export 150,000 tonnes and earn a turnover of $250 million in 2017 (Photo: VNA)

Vietnam’s tea sector is aiming to export 150,000 tonnes and earn a turnover of $250 million in 2017 (Photo: VNA)

The sector also targets selling about 50,000 tons of tea for domestic consumption, earning about VND10 trillion ($439.9 million)
To realise the target, the MARD advised processing firms to connect with tea growers and control the manufacturing process, while ensuring food safety and grasping technical barriers of importers.
The ministry will increase trade promotion activities and provide support for businesses to participate in domestic and international trade fairs.
In the first six months of 2017, Vietnam exported 63,000 tons of tea, raking in $98 million , up 17 percent in volume and 15 percent in value year-on-yea

Vietnamnews

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

BLF & LUT fined VND 145mln

The State Securities Commission of Vietnam (SSC) has just issued administrative fines worth VND 145 million to Bac Lieu Seafood Corp (BLF) and Luong Tai Investment & Construction Corp (LUT).