10:42 | 19/01/2016 Trade
The northern province of Phu Tho is devising measures to realise its export target of 1.3 billion USD by 2020, up 12 percent annually.
Harvesting tea in Thanh Ba district, Phu Tho (Source: VNA)
Director of the Provincial Department of Industry and Trade Nguyen Manh Hung said the locality will review relevant legal frameworks, and focus on reforming administrative procedures in accordance with international commitments and integration.
Effort will be put on improving local investment and business climate to encourage domestic and international enterprises to invest in its key sectors such as furniture, textiles, tea products, leather footwear and handicraft.
The province will help enterprises use advanced technologies to raise productivity and product quality, thus enhancing their competitiveness in domestic and foreign markets.
Incentives will be offered for high-tech agriculture development, in processing, preservation, consumption and export, as well as for human resource training.
According to the department, over the past five years the province’s export value has almost doubled, from 478 million USD in 2011 to 844 million USD in 2015.
Phu Tho has the fourth biggest tea tree area in the country, with approximately 15,720 hectares, accounting for 12 percent of the total acreage.
It produces 117,000 tonnes of fresh tea per year and has shipped tea products to India, China and Pakistan./.