return icon Vietnamnet.vn

Investors pour funds into Ngoc Linh ginseng production

Two new investors – Nutifood and Thien Nhan hospital – have put their footprint in the development and production of thousands of hectares of Ngoc Linh ginseng farms in the central province, promising a worldwide brand for the national product.

{keywords}
Farmers grow Ngoc Linh ginseng at a farm on the canopy of a forest in Nam Tra My District of Quang Nam Province. — VNS Photo Ngoc Tho

Nutifood said it had completed investing in 51 per cent in stocks and shares worth millions of dollars in the Ngoc Linh ginseng Quang Nam trade and pharma joint-stock company (Quasapharco), expanding hundreds of hectares of ginseng farms and high-value nutrition production.

A report from Quasapharco said it had grown 47,000 ginseng plants on 7.1 hectares to 2021, and planned to expand the ginseng area to 50 hectares by 2026.

{keywords}
A man checks the quality of a young Ngoc Linh ginseng plant on a farm in Tra Linh Commune of Quang Nam Province. Photo courtesy of Kim Tuyen

Vice-chairman of Nutifood and chairman of Quasapharco, Tran Bao Minh said the investment would help boost the ecological system for Ngoc Linh ginseng – the national brand – while bringing the product to more consumers in Vietnam and worldwide.

More reasonable prices on nutritional products from Ngoc Linh ginseng would come from the Nutifood investment project in the province, Minh added.

Earlier this year, Nutifood launched the Nutifood Nutrition Research Institute in Sweden, signing a communication agreement with the Ministry of Health, medical associations and medicine and pharmacy universities to bring European standard nutritional solutions to Vietnam.

Last week, Thien Nhan medicine joint-stock company, or Thien Nhan Hospital, agreed to investment co-operation with Viet Linh ginseng company for growing and production on a total of 5.98 hectares of Ngoc Linh ginseng farms in mountainous Nam Tra My District of the province.

The farm had grown ginseng plants to produce 30,000 ginseng seeds while planting 10,000 new ginseng plants per year.

Dr Ngo Duc Hai, chairman of Thien Nhan hospital, said the two companies would join hands in boosting research and production of pharmaceutical products from Ngoc Linh ginseng for wider use in treatment and the prevention of cancer.

He said the two companies also agreed to promote ginseng products at a higher nutrition value in healthcare services and for daily use.

A fresh kilo of Ngoc Linh ginseng is sold at VND100 million (US$4,300), but processed products including capsules, function food, essential oils, cosmetics, tonic drinks and tea would earn much more for the Quang Nam-based brand.

{keywords}
Two representatives of Viet Linh Ginseng Company and Thien Nhan Hospital agreed to produce Ngoc Linh ginseng as a medical product for healthcare and cancer prevention. Photo courtesy of Thien Nhan Hospital

The central province said about 26 businesses agreed to invest US$221 million to farm ginseng and process plants for essential oils, cosmetics, tonics and capsules from ginseng in Nam Tra My District.

Nam Tra My District and Hamyang County in South Korea agreed to boost tourism, agriculture, conservation and the development of Ngoc Linh ginseng.

More than 42,000 hectares of primary forest have been well preserved for the development of ginseng and native herbs.

Ngoc Linh ginseng, grown both in Nam Tra My District in Quang Nam Province and the central highlands Kon Tum, was recognised as a National Brand and given a Geographical Indication in 2018.

Source: Vietnam News

Ginseng men in the midst of Ngoc Linh forest

Ginseng men in the midst of Ngoc Linh forest

A group of men neatly wrapped themselves in three layers of clothing in the middle of a summer night in July, quietly chatting. They each had a cup of hot tea.

Poor residents enrich themselves thanks to ginseng

Poor residents enrich themselves thanks to ginseng

Eight years ago, Tra Linh Commune suffered extreme poverty, with many locals unable to buy or build decent homes.

MORE NEWS

16 Vietnamese designers to open Thailand Fashion Week 2022

A fashion collection by 16 young Vietnamese designers is set to open Thailand Fashion Week 2022 for the first time, with the outfits on show featuring images of Vietnamese cultural heritages.

The man who helps Vietnamese find their biological parents

Do Hung Phuc’s joy is to help those who lost their parents at birth to find their roots. In three years, the young man has created many magical and emotional reunions.

US increases coffee imports from Vietnamese market

The market share of Vietnamese coffee as part of the United States’ total imports increased from 8.95% to 9.6% during the opening four months of the year, according to statistics compiled by the General Department of Vietnam Customs.

Teenager specializes in diaphonization of animals

Two years ago, after he saw images of diaphonized specimens on the internet, Nguyen Tien Minh Duy, 15, from Buon Ma Thuot City began searching for information and learning about diaphonization.

Universities use ‘conflicts’ to help students learn more about business

Future schools need to be good at designing experiences for students to help them in their career and purpose, Lee Newman from Spain’s IE University said in an interview with VietNamNet.

Famous painter Bui Xuan Phai's works on display for first time

Sixty works by late famous painter Bui Xuan Phai, many of which were created toward the end of his life, are on display in Ho Chi Minh City.

5-year-old Hanoian conquers highest mountains in Vietnam

Dang Quang Vinh, together with his parents, has climbed the five highest mountains in Vietnam, including Lao Than, Lung Cung and Nhiu Co San, which even adults dare not climb.

Belgian comic artist, musician to attend Hue Festival 2022

Belgian comic artist Dany and musician-singer Konoba will represent artists from the Wallonie-Bruxelles region at Hue Festival 2022, according to the Wallonie-Bruxelles delegation in Vietnam.

Family has 3 kids with small stature

The family of Doan Thi Nhan in Hoang Viet hamlet, Tan Phuoc commune of Tan Hong district in Dong Thap, in the Mekong Delta, has a number of children with small stature.

Vietnamese player wins first int’l badminton title at Croatia Open

Vu Thi Anh Thu of Vietnam secured a gold medal in the Croatia Open badminton tournament on June 23 in Dubrovnik.

Face masks and community immunity

Recently, I visited a government agency. The security guards, who were not wearing face masks, did not allow me to enter the agency because I did not have a mask.

Indian naval ships start three-day visit to HCM City

Two Indian naval ships carrying with more than 500 crewmembers arrived at Nha Rong Wharf on June 24, beginning a three-day friendship visit to Ho Chi Minh City.

VIETNAM BUSINESS NEWS JUNE 24

Efforts made to boost seafood cooperation between Vietnam, India

VIETNAM NEWS HEADLINES JUNE 24

NA Chairman Vuong Dinh Hue to begin European tour this weekend

World’s first zero-emission boat visits HCM City

Energy Observer – the world’s first hydrogen-powered, zero-emission vessel that is self-sufficient in energy – continues its journey in Southeast Asia, with the 73rd stopover of its round-the-world Odyssey being in Ho Chi Minh City, Vietnam.
back_to_top