Vietnam is expected to rake in US$1 billion tea revenues from now to 2020, with US$700 million from exports, the Vietnam News reported, citing an official from the Vietnam Tea Association.
But Nguyen Kim Phong, chairman of the association said to meet the target, the tea sector has to continue developing current markets while seeking new ones.
&ldquoThe sector should also produce high quality tea at reasonable prices,&rdquo Phong added.
Phong said Vietnam exported 40,000 tons of tea in the first six months of 2008, valued at US$53.5 million, up 2 per cent on year.
Vietnam expected to increase the tea export revenues to US$130 million by the year&rsquos , Phong added.
The Vietnam Tea Association has carried out a strong development strategy, focusing on modernizing tea processing, improving capacity and quality, and instituting training for tea farmers.
The chairman said to increase the reputation of the national tea trademark, CheViet, on both domestic and foreign markets, all tea products under the trademark must meet national quality standards.
Currently, 35 provinces nationwide have grown 128,000 hectares of tea, supplying fresh tea for 700 dried tea companies.
Vietnamese tea has been exported to 110 countries and territories worldwide, with 73 of which realizing the Vietnam national tea trademark.
Taiwan, Germany, Russia, China and the Philippines are the country&rsquos biggest tea importers. (VNS)
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