Successfully building OCOP products thanks to capital injection

Thanks to the efforts of young bosses and the support of banks, the rice products of Mr. Nguyen Van Luan, Trang Bao Xa commune and the sticky rice wine products of Mr. Do Nhat Anh, Quynh Hung commune (Quynh Phu) have been recognized as 3-star OCOP products, increasingly affirming their competitiveness and expanding the market.

Mr. Nguyen Van Luan (first person from right), Director of Duy Nguyen Investment and Trading Company Limited, introduces the company's 3-star OCOP rice to the Indian delegation.

2 banks support 3-star OCOP rice

Duy Nguyen Instead of looking for an easier job, Nguyen Van Luan decided to start a business in agriculture when he saw many fields in his hometown abandoned. With the support of his parents, he boldly borrowed 300 million VND from the Vietnam Joint Stock Commercial Bank for Industry and Trade , Thai Binh Branch, to rent land to build a factory, invest in a rice milling machine and a rice drying system to provide services to the people. Starting a business in agriculture has never been an easy journey, but Luan was not discouraged but actively learned and accumulated experience. Marking the initial success of the challenging start-up process, opening up a new way of thinking about developing a closed rice production chain of the young boss Nguyen Van Luan was the decision to establish Duy Nguyen Investment and Trading Company Limited with an initial capital of 15 billion VND, which has now increased to 20 billion VND.

Mr. Luan shared: To develop a closed rice production chain, I boldly borrowed additional capital from the Vietnam Joint Stock Commercial Bank for Industry and Trade, Thai Binh Branch, up to now 10 billion VND and the Transaction Office of the Social Policy Bank of Quynh Phu District 50 million VND to build a factory of 3,000m2 ⁱⁿ Trang Bao Xa Commune, invest in a modern rice drying system with a total capacity of 200 tons/day and advanced rice milling machines; purchase, produce, and trade with an output of over 10,000 tons of rice/year. Whenever the Company proposed, the banks always approved additional loans and early disbursement to have capital to purchase machinery, purchase rice, and process finished rice products to supply to the market. Up to now, the Company has linked up to build many raw material areas for the rice production and processing chain with a total area of 1,500 hectares in Thai Binh and some Central provinces, mainly TBR225, BC15, and Japanese rice varieties. Mr. Luan's model has attracted over 300 farming households to participate in the chain, creating sustainable development for rice products, creating jobs at the factory for 25 local workers, and supporting rice consumption for thousands of farmers. Mr. Tran Vu Duc, An Le commune (Quynh Phu) said: After finishing high school, I applied to work at Mr. Luan's Company, receiving a salary of 12 - 15 million VND/month.

Thanks to the 3-star OCOP certification, Duy Nguyen rice has increased its competitiveness, with the output from a few tons now reaching dozens of tons/day. In 2024, the company will achieve a revenue of 20 billion VND, after deducting expenses, the profit will be about 2 billion VND. "Doing business is also precious. I hope that banks will create conditions for additional loans to continue expanding the factory, buying more machinery for production, processing and working capital" - Mr. Luan shared.

With capital from the Social Policy Bank Transaction Office of Quynh Phu district, Mr. Do Nhat Anh has successfully built the 3-star OCOP rice wine product of Rem village.  

Building OCOP products from 120 million VND bank loan

Sharing about his decision to quit his stable, high-paying job in the capital to return to his hometown to start a business by producing his family's traditional rice wine, Mr. Do Nhat Anh, Quynh Hung commune, said: Although I work in Hanoi with a high salary, I am still an employee. In my hometown, my family has a traditional wine-making profession, but the production process is still manual, not ensuring food safety. I boldly borrowed 120 million VND from the Transaction Office of the Social Policy Bank of Quynh Phu district, along with my own savings, to invest in upgrading the wine production area from the cold fermentation room to the wine distillation area. I invested in a multi-layer distillation tower with European technology, highly automated, helping to remove impurities, preserve traditional flavors and ensure hygiene and safety. In addition to the important stage of distilling wine, Mr. Nhat Anh carefully selected rice and yeast ingredients, strictly controlled the water source, fermentation cycle... He also boldly registered and in 2023 was recognized as a 3-star OCOP product for Rem village's sticky rice wine. Up to now, his facility sells an average of 3,000 liters of wine per month to domestic and foreign markets, creating a stable source of income for his family.

Mr. Nguyen Quang Huy, Deputy Director of the Transaction Office of the Social Policy Bank of Quynh Phu District, said: Mr. Nguyen Van Luan and Mr. Do Nhat Anh are young people who dare to think, dare to do, and are creative. Although each has their own way of doing things, they have become typical examples of good economic performance in the district. Therefore, when they need capital to build OCOP products, we immediately provide capital. They always comply with the bank's regulations, pay principal and interest on time. We are committed to continuing to accompany and support product development, creating more jobs for local workers.

Thu Hien

Source: https://baothaibinh.com.vn/tin-tuc/221841/xay-dung-thanh-cong-san-pham-ocop-nho-duoc-tiep-von