If it is "permissive", OCOP products will not be effective for export
OCOP products bring about dual benefits | |
Over 12,000 OCOP products rated at least three stars nationwide |
Seminar "Supporting OCOP products to reach far ". |
After 5 years of implementing the One Commune One Product Program (OCOP Program), as of June 2024, the whole country has 13,368 OCOP products in 7,000 industries, of which more than 70% are rated 3 stars, about 26% are rated 4 stars and the rest are 5 star products.
In many localities, the OCOP Program has had a positive impact on rural economic development, awakening the potential of land, products, and comparative advantages. According to experts’ sharing at the seminar "Supporting OCOP products to reach far" held on July 12, the advantage of the OCOP movement is changing the value of agricultural products.
However, the downside is that the production scale of OCOP products is still small, fragmented, and seasonal; cannot meet an increasingly demand of market; The market also requires guaranteed quantity and quality; The production and commercial distribution capacity of OCOP production facilities is still weak, and the packaging design is not attractive to consumers. The products have also not convinced a large number of partners and consumers due to lack of transparency in traceability.
According to Associate Professor, PhD. Mai Quang Vinh, Director of the Institute of Green Technology, these limitations need to be overcome when the suppliers are available, the technology is ready, and the policy mechanism is supportive. In addition, with the green and digital transformation period, it is necessary to have solutions to enhance the value of OCOP products. If it is "permissive" in recognizing OCOP products, only caring about beautiful designs and packaging without paying attention to quality, transparency of environmental and social issues… it will not be effective it is difficult to dominate the domestic market and export to demanding markets.
In addition, experts and enterprises consider that OCOP product development needs closer coordination from the banking industry because it is not only about interest rates but also related to mortgages and unsecured loans.
For example, at Agribank, to date, this bank has provided more than VND 500 billion in credit capital for customers producing and trading OCOP products; For the preferential loan program for individual customers producing and trading OCOP products newly implemented from January 26, 2024, the loan turnover has so far reached VND 101 billion.
However, Mr. Pham Truong Giang, Director of the State Bank (SBV) of Phu Tho province branch, said that funding or interest rates, or programs for agriculture are not a problem, but there has no specific credit package for customers deploying OCOP products. In addition, the current lending method with the current limit is not suitable because of the characteristics of OCOP related to seasonality, region, place of consumption...
From the above issues, Mr. Dao Duc Huan, Head of OCOP Department, Central New Rural Coordination Office, Ministry of Agriculture and Rural Development recommended that banks should prioritize support to solve the procedures faster because agricultural products related to seasonal issues and capital requirements.
Related News
Preliminary assessment of Vietnam international merchandise trade performance in the first 9 months of 2024
09:22 | 20/11/2024 Customs Statistics
Preliminary assessment of Vietnam international merchandise trade performance in the second half of September, 2024
09:21 | 20/11/2024 Customs Statistics
Top 500 Largest Enterprises in Vietnam in 2024: Affirming the ability to overcome "headwinds"
09:39 | 19/11/2024 Headlines
Latest News
Approach strategy of the seafood industry when implementing UKVFTA
09:26 | 22/11/2024 Import-Export
Mid-November: Vietnam's trade volume matches 2023 total, eyes record-breaking growth
09:25 | 22/11/2024 Import-Export
Vietnamese enterprises facing challenges from cross-border e-commerce platforms
14:32 | 21/11/2024 Import-Export
Vietnam, Malaysia eye new milestone in trade ties
14:29 | 21/11/2024 Import-Export
More News
Shrimp exports surge in 10 months, generating 3.2 billion USD
14:27 | 21/11/2024 Import-Export
Vietnam’s exports to the U.S. near US$100 billion milestone
09:46 | 21/11/2024 Import-Export
From the “abnormal” coffee price, worries about the new crop
09:46 | 21/11/2024 Import-Export
What obstacles limit the market share of Vietnamese goods in the UK?
14:49 | 20/11/2024 Import-Export
Why seafood exports to some Middle Eastern Countries are stalled
14:47 | 20/11/2024 Import-Export
Storm No. 3 destroys profits of many insurance companies
14:45 | 20/11/2024 Import-Export
Vietnam, Malaysia eye golden partnership opportunities in Halal industry
14:44 | 20/11/2024 Import-Export
Tra fish sector aiming for production, processing greening for sustainable development
14:41 | 20/11/2024 Import-Export
Developing supporting industries for the billion-dollar export commodity groups
09:26 | 20/11/2024 Import-Export
Your care
Approach strategy of the seafood industry when implementing UKVFTA
09:26 | 22/11/2024 Import-Export
Mid-November: Vietnam's trade volume matches 2023 total, eyes record-breaking growth
09:25 | 22/11/2024 Import-Export
Vietnamese enterprises facing challenges from cross-border e-commerce platforms
14:32 | 21/11/2024 Import-Export
Vietnam, Malaysia eye new milestone in trade ties
14:29 | 21/11/2024 Import-Export
Shrimp exports surge in 10 months, generating 3.2 billion USD
14:27 | 21/11/2024 Import-Export