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Update news Ngoc Linh ginseng
The Government had approved the Master Plan for the development of Ngoc Linh ginseng in 2030-45.
Establishing quality standards for Vietnamese ginseng and its products is essential to ensure that the Vietnamese medicinal herb meets international regulations and can compete with other types in the market.
HCM City will organise the first International Ginseng and Fragrance and Medicinal Herbs Festival in HCM City from May 24 to 26.
Tu Mo Rong District Police has launched an investigation after the theft of more than 800 Ngoc Linh ginseng plants during Tet (Lunar New Year).
The Ngoc Linh ginseng market has become chaotic because of 'fake' Chinese ginseng. The authorities of Quang Nam, the home of Ngoc Linh ginseng, have cracked down on fake products.
Kim Dung recently won the second prize at the 2023 National Women's Startup Contest organised by the Vietnam Women's Union with her ginseng startup project.
Chinese ginseng has been brought to Vietnam in bulk and is selling under Vietnam’s Ngoc Linh and Lai Chau ginseng brandnames at surprisingly low prices. Pesticide residue many times higher than permitted has been found on the plant.
Illegally imported ginseng masquerading as Ngoc Linh and Lai Chau ginseng has adversely affected Vietnamese farmers and businesses.
Vietnam is striving to turn its ginseng into an international brand product with an aim to becoming a major ginseng producer of the world by 2045.
Ngoc Linh ginseng, considered Vietnam’s national treasure, is a rare medicinal herb, known as the king of ginseng species. Bulbs of Ngoc Linh ginseng, old and rare, are worth up to billions of dong.
The establishment of a ginseng association would benefit ginseng farmers, and more importantly, create favorable conditions to develop production of Vietnam ginseng.
There are about 3 million ginseng plants in the district to date, covering a farming area of 810ha.
Foreign experts conducted a field trip to inspect technical and financial support for a project on the sustainable development of Ngoc Linh ginseng under forest canopy in the central province of Quang Nam from February 26-27.
Vietnam plans to grow 24,000 hectares of ginseng by 2030 and become the world’s largest ginseng producer by 2045. This is part of the Ministry of Agriculture and Rural Development’s (MARD) ginseng development program to 2030.
Ngoc Linh ginseng was first discovered in 1973 in a forest on Ngoc Linh Mountain, located between the provinces of Kon Tum and Quang Nam, by a team of four pharmacists.
Ngoc Linh ginseng deserves the "National treasure" title, and it is necessary to strongly promote the role of this treasure in improving people's livelihoods, President Nguyen Xuan Phuc said .
Quang Nam authorities and the Vietnam Administration of Forestry has set a goal to cultivate as much as 200,000 hectare of panax ginseng and promote it to the international market.
A market displaying Ngoc Linh ginseng, the first of its kind in Vietnam, is set to open in both in-person and online forms in order to honour the ginseng as Vietnamese treasure.
Mr. Nguyen Manh Tuan has been with the Tak Ngo ginseng garden in Tra Linh Commune (Nam Tra My District) in Quang Nam Province for seven years. He has spent more time in the garden than with his family.
Developing medicinal areas and growing Ngoc Linh ginseng, which is also called “Vietnamese ginseng”, is one of the key strategies of My Hanh Group Joint Stock Company (MHG).