Economics

Bringing Vietnamese ginseng abroad

Translated by THU HO Nov 20, 2024 09:02

(QNO) - Vietnam's ginseng development program aims to establish Ngoc Linh ginseng as a national brand and a key product in medicine, pharmaceuticals, and healthcare by 2030, with a vision to 2045.

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Ngoc Linh ginseng seedlings

The program emphasizes product diversification, global market expansion, and brand protection to transform Vietnamese ginseng into a high-value economic sector.

Ngoc Linh ginseng seeds
A local farmer’s preservation of Ngoc Linh ginseng

The government-approved programme for Vietnamese ginseng development aims to conserve 100,000 hectares of ginseng in natural forests by 2030. It is also necessary to control ginseng quality strictly.

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A Ngoc Linh ginseng tree

In order to protect the priceless genetic resource of Ngoc Linh ginseng, ginseng producers want the government to establish a Ngoc Linh ginseng seedling garden soon.

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Ngoc Linh ginseng preservation
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Ngoc Linh ginseng
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Ho Quang Buu visiting the area of Ngoc Linh ginseng

According to Ho Quang Buu, Deputy Chairman of the Quang Nam provincial People's Committee, the ginseng development plan should focus on transportation infrastructure, clear legal frameworks for forest canopy cultivation, and funding support.

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Ngoc Linh ginseng under the forest canopy

Kato Fumino from JICA Vietnam calls Ngoc Linh ginseng a "gold mine" with great economic potential. Experts urge expansion while the Ministry of Agriculture and Rural Development works on global standards to internationalise the ginseng.

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The area for Ngoc Linh ginseng planting

Assoc.Prof.Dr. Tran Cong Luan suggests expanding Ngoc Linh ginseng cultivation by relocating it to lower altitudes with similar conditions while preserving original seeds in traditional areas to ensure quality and yield.

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Ngoc Linh ginseng seeds

Ngoc Linh ginseng, the world's most nutritious, is key to poverty alleviation and wealth-building.

Backed by the government, cultivation aims for 21,000 hectares by 2030, making Vietnam a top global producer by 2045, with significant economic impact.

Source: VOV

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