Saravan's economy continues to climb
Saravan's economy continues to climb
Saravan expects its' economy to grow by eight percent this year w hich will help to drive its income growth to reach 30 percent as targeted, according to the province's annual economic report.
The province's income growth had also climbed by 10 percent last year which are attributed to an increase in rice export.
An official involved in the province's economic report said recently that the province's economy has been growing yearly and that this growth should push local incomes to reach US$1,700 per capita by 2020.
Authorities also confirmed that the strong economic growth had rice production to thank as both domestic and international export had reached more than 300,000 tonnes of rice per year with more than 78,600 hectares currently under cultivation.
This quantity means there is enough f or provincial consumption with a surplus of more than 600 tonnes per year available to sell, the Provincial Agriculture and Forestry Department reported last month.
The province's authorities also reported that its farmers are intending to plant coffee, corn, cassava, sweet potato, bananas, and beans to sell which will again contribute to the province's economic growth in the future.
The province still has much unused land suitable for growing a variety of crops so there is a great deal of potential farming opportunities which the province will look to develop creating an even further potential to increase exports.
Currently the province is encouraging rural families to diversify their crops to create a more sustainable income as well as to generally improve their circumstances.
“This diversification will work in positive ways to reduce the poverty rate by 2025 as is the government's policy while it should also increase the province's income in the years ahead,” provincial officials suggest.
