Business

Efforts needed to develop national brand of Vietnamese ginseng

Deputy Minister of Agriculture and Rural Development Le Quoc Doanh has stressed the need to develop Vietnamese ginseng into a product with national brand.
Efforts needed to develop national brand of Vietnamese ginseng ảnh 1Ngoc Linh ginseng (Photo: VNA)
Quang Nam (VNA) – Deputy Minister of Agricultureand Rural Development Le Quoc Doanh has stressed the need to develop Vietnameseginseng into a product with national brand.

Speaking at a conference on building a Vietnamese ginsengdevelopment programme by 2030 with a vision to 2045 on June 15, Doanh said thatit is necessary to continue attracting investment from competent enterprises inginseng planting and processing.

According to the Ministry of Agriculture and RuralDevelopment, a number of Vietnamese localities have cultivated ginseng, mainlyNgoc Linh ginseng grown in the central province of Quang Nam and the Central Highlands province of Kon Tum with more than 6,000hectares.

The planting and development of ginseng have initiallycreated jobs and increased income for local people, especially ethnicminorities in remote areas, improved infrastructure, and contributed to new-stylerural area building.

However, the consumption and processing of Ginseng has yetto meet potential and strengths.

Therefore, the conference was organised to bring into fullplay potential and advantages of natural conditions and the endemic plantspecies with high economic value.

The Ngoc Linh ginseng (Panax vietnamensis, or Vietnameseginseng), a rare medical root containing 52 saponin compounds helpful tohealth, was found on Ngoc Linh Mountain on the boundary between Kon Tum andQuang Nam in the late 1960s.

Besides saponin, Ngoc Linh ginseng contains 17 amino acids,20 trace minerals and 0.1 percent of attar. The ginseng has high effects inanti-stress and anti-aging conditions. It helps improve immunity, enhance liverfunction, and lower cholesterol. Besides, it also works well with antibioticsand diabetes medications.

Ngoc Linh ginseng is one of the world’s most preciousginsengs. It was approved as a national treasure under the Prime Minister’sDecision 787/QD-TTg dated June 5, 2017./.
VNA
#Deputy Minister of Agriculture and Rural Development Le Quoc Doanh #Vietnamese ginseng #national brand #Ngoc Linh ginseng #Vietnam #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

Ngoc Linh Ginseng successfully planted in Son La

Ngoc Linh Ginseng successfully planted in Son La

Ngoc Linh ginseng is a precious medicinal plant considered a “national treasure” and grown in the two central provinces of Quang Nam and Kon Tum. Many people have tried to grow it in other provinces but failed. Some farmers in Son La, however, are an exception.

See more

Authorities inspect the procedures of vehicle operators transporting goods at the Huu Nghi International Border Gate (Lang Son province). (Photo: VNA)

Customs trade hits 1.05 billion USD on first day of new model

Realising the 12th Party Central Committee's Resolution 18 on streamlining the political system’s organisational structure, on March 15, the customs sector began operating under a three-tier model: the Department of Customs, regional customs offices, and border checkpoints. This reorganisation has reduced the number of units by 485, or 53.77%, from 902

Long Hau 1 Industrial Park in Can Giuoc district, Long An province. (Photo: VNA)

Industrial real estate expects a boost from policies, FDI

The acceleration of legal obstacles removal in recent industrial real estate projects is creating growth opportunities for many businesses participating in this segment. Notably, this is also one of the key factors contributing to attracting investment and boosting growth for real estate in 2025.

Construction site of Terminal 3 (Photo: VNA)

Vietnam Airlines, Vietjet Air flights to operate from Tan Son Nhat’s new terminal in May

Designed to handle 20 million passengers annually, Terminal T3 of the Tan Son Nhat International Airport includes four main components: the passenger terminal, a multi-story parking facility integrated with non-aviation services, the elevated road system at the terminal frontage, and aircraft aprons. The total investment for the terminal is nearly 11 trillion VND (431.2 million USD), with construction beginning in December 2022

HCM City is now a regional specialised financial centre (Photo: VNA)

Vietnam should be flexible in selecting financial centre models: expert

Tuan also highlighted the importance of human capital, one of the five important factors to successfully build a financial centre, citing the Global Financial Centres Index, which ranks business environment, human capital, infrastructure, market development, and reputation as the key drivers of success.

Minister of Industry and Trade Nguyen Hong Dien (L) and US Secretary of Energy Chris Wright in Washington D.C. on March 13. (Photo: VOV)

Vietnam, US look to strengthen comprehensive energy cooperation

Vietnam’s consistent policy is to foster a balanced, sustainable, stable, and win-win economic relationship with the US, the minister stated. Vietnam does not intend to create any barriers that could negatively impact the US’s workers or its economic and national security, Minister of Industry and Trade Nguyen Hong Dien said.

Deputy Prime Minister Nguyen Chi Dung speaks at the first meeting of the steering committee for the building of a project on the private economic sector's development in Hanoi on March 15. (Photo: VNA)

Private sector's development key to Vietnam’s economic growth

Currently, the private economic sector comprises over 6.1 million business establishments, including approximately 940,000 registered enterprises and over 5.2 million household businesses. The sector contributes around 50% of the country’s GDP, accounts for over 56% of total social investment, employs approximately 82% of the workforce, and generates around 30% of state budget revenue and more than 30% of total import-export turnover.