Ngo Kim Quyen, from Dong Tien commune, Hoa Binh city, has earned a stable income from cordyceps – a three-star OCOP product.


Ngo Kim Quyen, owner of QP Gold production facility in Dong Tien ward, Hoa Binh city, checks products before distribution. 

A graduate of the Vietnam National University of Forestry, Quyen was employed by a technology research and application centre. However, he then decided to run his own business with QP Gold – a cordyceps production facility. 

In the early days, he faced a host of difficulties like capital shortage, product quality failures and high material prices. 

With the support from his family and strong determination, Quyen finally succeeded in growing cordyceps one year later, and delivered the first products as gifts to collect feedback. 

In 2019, Quyen and his wife used up their savings and sought borrowings to build the production facility. Despite the impacts of the COVID-19 pandemic, he still pocketed about 50 million VND (1,964 USD) each month, which doubles and more than that at present. 

SP Gold has welcomed many youth union members in Hoa Binh city and other localities who come to learn from Quyen’s experience, and set up connectivity in production and sale. 

In 2022, SP Gold products have won the three-star OCOP status, helping boost consumption, and earning Quyen some 1 billion VND each year. 

The man said he will invest more in technology, varieties and machinery to improve product quality and seek higher status for his products.

Related Topics


Rich and Flavorful Honey of Dao Village

Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.

Lac Thuy district prioritises resources for industrial, handicraft development

In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.

Phu Thanh implements organic practices in tea production

Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.

Hoa Binh works hard to accelerate progress of key projects

Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.

Hoa Binh achieves record-breaking economic growth in Q1

Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.

Hoa Binh focuses on building strong OCOP brands for sustainable growth

Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.