Shrimp, coffee, ginseng added to national products list

A farmer in the southern province of Bạc Liêu harvest shrimp. — Photo nhandan

HÀ NỘI — Prime Minister Nguyễn Xuân Phúc signed a decision on Monday to add three more products - brackish water shrimp, high-quality coffee and ginseng - to the list of national products.

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.

Việt Nam aims to earn US$10 billion from shrimp exports by 2025 and $5-6 billion by 2030 from coffee exports.

Recently, the Government approved a national project worth VNĐ9 trillion ($395 million) to develop farming and brand for Ngọc 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-Việt Nam 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