Solutions sought to develop herbal medicinal materials

Prime Minister Nguyen Xuan Phuc has urged ministries, sectors and localities to seek measures to promote traditional herbal medicines, thus taking advantage of the country’s potential in the field.
Solutions sought to develop herbal medicinal materials ảnh 1Prime Minister Nguyen Xuan Phuc addresses the conference (Photo: VNA)
Lao Cai (VNA) – PrimeMinister Nguyen Xuan Phuc has urged ministries, sectors and localities to seekmeasures to promote traditional herbal medicines, thus taking advantage of thecountry’s potential in the field.

Addressing a teleconference withleaders of 63 cities and provinces nationwide held in the northern province ofLao Cai on April 12, the PM noted that for thousands of years, Vietnam has usedherbal medicines to protect people’s health.

With three quarters of its naturalarea being mountains and forests, Vietnam has more than 5,000 precious herbal plantswith medicinal values, which are a great advantage for localities to exploitthe resources for domestic use and exports, he said.

PM Phuc affirmed that traditionalmedicines are a treasure of the country, which can contribute to povertyreduction and prosperity.

He asked for solutions to tackleproblems facing the sector, including poor planning in  developing production chains that leads to loweffectiveness and small-scale production as well as difficulties in markets,risk of extinction of many rare herbal plants and limited research and use ofadvanced technology in the field.

The government leader also suggestedsupport policies for herbal plant growing as part of high technologyagriculture development, while stressing the need to ensure confidentiality ofsome rare and precious herbal plants.
According to the Institute ofMedicinal Materials, Vietnam has 5,117 herbal plants and fungus, along with 408species of animals and minerals used as materials for nearly 1,300 traditionalremedies.

The domestic demand for herbalmedicinal materials is about 60,000-80,000 tonnes per year, mostly forproducing foods, medicines and cosmetics.

The Ministry of Health assessedthat the economic value of herbal plants is much higher than other food plants,suggesting that sustainable growing will help reduce poverty for many regionsacross the country.-VNA
VNA

See more

Hideaki Egashira revealed plans to expand Idemitsu's investment in Vietnam. (Photo: tapchicongthuong.vn)

Idemitsu to expand investment in Vietnam

Hideaki Egashira, General Director of Idemitsu Vietnam Co Ltd, a subsidiary of Japanese petroleum company Idemitsu Kosan, has revealed plans to expand the company's investment portfolio in Vietnam.

Illustrative image (Photo: VNA)

Over 56% of Japanese firms looking to expand investment in Vietnam: Survey

According to a recent survey by JETRO on business conditions for Japanese-affiliated companies overseas, the expanding domestic market demand and the increasing profitability rate are major driving forces for Japanese businesses to continue expanding their operations in Vietnam in the coming years.

Vietnam’s rice exports to Singapore surge (Photo: VNA)

Vietnam’s rice exports to Singapore surge

Vietnam’s rice exports to Singapore recorded significant growth in 2024, cementing Vietnam’s position as the third-largest rice supplier of the city state, according to the Vietnam Trade Office in Singapore.

The 21st conference of the 17th Hanoi Party Committee on January 21 (Photo: VNA)

Hanoi sets ambitious growth targets for 2025-2030

Hanoi has set a goal of achieving an annual growth rate of 10.5-11% during the 2025-2030 period, focusing on bolstering traditional economic drivers while implementing innovative solutions to promote new ones.

Minister of Industry and Trade Nguyen Hong Dien (Photo: VNA)

Vietnam commits to supporting Czech investors: Minister

Minister of Industry and Trade Nguyen Hong Dien pledged Vietnam’s support to Czech businesses and investors while addressing the bilateral business forum held in Prague on January 20 as part of Prime Minister Pham Minh Chinh’s official visit to the European country.

Processing mango products for export at the factory of An Giang Fruit and Vegetables JSC. in Lam Dong province (Photo: VNA)

UNCTAD leader highlights Vietnam’s role in global trade

Vietnam has emerged as a remarkable example of how trade and investment can fuel inclusive growth and development, according to Rebeca Grynspan, Secretary-General of the United Nations Conference on Trade and Development (UNCTAD).

Le Anh Quan, Standing Vice Chairman of the municipal People's Committee and Chairman of the Vietnam-Korea Friendship Association delivers speech at the event. (Photo: VNA)

Vietnam, RoK strengthen friendship, cooperation

The Vietnam-Korea Friendship Association (VKFA) and the Korean Association in the northern city of Hai Phong hosted a friendship exchange on January 20 during which the Vietnam-Korea Business Club in Hai Phong was launched.

2025 - Year of acceleration, breakthroughs

2025 - Year of acceleration, breakthroughs

Prime Minister Pham Minh Chinh has instructed ministries, agencies, and local authorities to drastically and effectively implement three strategic breakthroughs, six key tasks, and 12 primary solutions, striving for double-digit growth in 2025, set to be the year of acceleration and breakthroughs, and laying the foundation for the 2026-2030 socio-economic development plan.