(KPL) Luang Prabang has vowed to develop itself into a trade hub of the eight northern provinces in the next two years.
However, the Director of the provincial Commerce Service, Mr Houmpheng Phakhounsay, said yesterday that by 2010 only the basic work of the strategy will have been fulfilled.
Mr Houmpheng Phakhounsay pointed out that the implementation of the province’s strategy, partly aiming to enhance the poverty reduction of local ethnic people, will not affect the conservation of heritage sites as the activities will be conducted outside the perimeter of the world heritage town of Luang Prabang.
Based on the strategy initiated in 2002, the province plans to promote the export of various kinds of goods by improving working condition of customs offers and ensuring the adequate domestic consumption.
To fulfill the strategy, the province will strive to protect domestic production and actively participate in both regional and international trade exhibitions.
According to the strategy, the province aims to have value of its annual goods circulation increased by 12 % and have its 80% of villages have markets constructed by 2010.
Luang Prabang has gross domestic product grown around 7 % annually over recent years, partly contributed by the investment of China, Vietnam and Thailand, mostly in agriculture sphere.
From www.kpl.net
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