Last year, Quang Nam Province approved a plan to build the Ngoc Linh Ginseng Centre in Nam Tra My District, which covered seven projects with a total investment of VND9 trillion (US$429 million), including the development of infrastructure and the production of drugs, essential oils, cosmetics, tonic drinks and capsules from ginseng.

As scheduled, a 200ha farm will be built to conserve 2 million ginseng plants in 15 communes of the two provinces during the first stage from 2016-25, along with afforestation and tourism activities.

Nam Tra My District alone developed 27 farms, with over 800,000 natural ginseng plants and other plants used for making drugs, with an estimated production capacity of 1,000 tonnes by 2025. 

Currently, Panax vietnamensis is sold for VND40 million (US$1,900) per kilo, but poor investment in processing technology has resulted in only locals producing pharmaceutical materials and energy drinks.

The Vietnamese ginseng was one of eight precious and endangered flora genes covered in Quang Nam Province's conservation programme in 2014-20, including Ba Kich (poor ginseng or codonopsis), pepper, cinnamon, large rattan and white corn.

Last year, Nam Tra My District and Hamyang County in South Korea signed a Memorandum of Understanding on tourism, agriculture, conservation and the development of Ngoc Linh ginseng.

According to the Intellectual Property Agency of Viet Nam, under the Ministry of Science and Technology, few domestic companies have applied for patents, and 39 per cent of Vietnamese enterprises did not even know where and how to register for IP rights.

Several products from Viet Nam have been registered under GI recognition, including Buon Ma Thuot coffee in Dak Lak Province, Phu Quoc fish sauce in Kien Giang, grape and wine products in Ninh Thuan, and Long Khanh rambutan in Dong Nai Province. 

VNS