Tea production in Vietnam
TEA CORPORATION MAINTAINS HIGH GROWTH RATE
Ha Noi, Jan. 4 (VNA) -- The Viet Nam Tea Corporation maintained a high growth rate in 2000 with a total output of more than 75,000 tonnes of tea, including 26,000 tonnes for export.
The corporation in 2000 obtained an import-export turnover of USD 36 million and a profit increase of 11.3 percent. Tea production joint ventures turned out 6,570 tonnes for export with a profit expectedly reaching more than USD 620,000.
The Viet Nam Tea Corporation held a conference in Ha Noi on Jan. 3 to review its tea production and business in 2000 and work out orientations for this year.
The year 2000 was the fifth consecutive year during which the Viet Nam Tea Corporation grossed high growth rate and maintained big markets for tea export.
Thanks to expanded international cooperation, the corporation has had stable outlets for 40 percent of its total output, installed modern machineries and equipment grown new varieties of tea and applied advanced management of methods.
Striving to export up to 75-80 percent of its total output in 2001, the corporation has worked out a plan to further expand market shares in the Middle East, Europe, Asia, America and Africa in the next five years.
Vietnamese tea is sold in 30 countries with between 40 and 50 percent of the total going to the Middle East.--VNA
