Shrimp, coffee, ginseng added to national products list
Prime Minister Nguyen Xuan Phuc recently signed a decision to add three more products - brackish water shrimp, high-quality coffee and ginseng - to the list of national products.
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Now, these three products will receive support under the National Product Development Programme by 2020. Brackish water shrimp includes tiger prawn and white-leg shrimp.
The PM has asked the concerned ministries to join hands with local authorities and propose incentive policies for each of these products.
Vietnam aims to earn US$10 billion from shrimp exports by 2025 and US$5-6 billion by 2030 from coffee exports.
Recently, the Government approved a national project worth VND9 trillion (US$395 million) to develop farming and brand for Ngoc Linh ginseng by 2030.
Approved in 2010, the goal of the National Product Development Programme by 2020 is to develop specific products under the Made-in-Vietnam brand that have high competitiveness and will benefit the country, and to promote technology upgradation for their production.
In 2012, the PM had approved a list of national products, which included six official products and three reserve products. Products on this list get incentives in term of credit, taxes, land use, trade promotion and market expansion.
