Vietnam is striving to make its ginseng an international branded product with the goal of becoming one of the world’s leading ginseng producers by 2045.
The goal was set in the recently approved ginseng development program to 2030, with a vision to 2045.
The program also aims to increase the area under ginseng cultivation to about 21,000 hectares and achieve a 100% coverage rate of geographic codes and indicators by the end of this decade.
As of 2030, Vietnam will be able to produce about 300 tons of ginseng per year that will meet the requirements for traceability of origin, GACP-WHO, or equivalent standards.
The main types for conservation, development, processing and commodity-scale trade are Ngoc Linh ginseng and Lai Chau ginseng, for which Ngoc Linh has been recognized as a national treasure.
Localities with potential to develop ginseng are Quang Nam, Kon Tum, Gia Lai, Lam Dong, Thua Thien-Hue, Nghe An, Lao Cai, Lai Chau and Dien Bien, while growing areas for ginseng development are Quang Nam, Kon Tum and Lai Chau.
The country will invest in ginseng processing facilities, giving priority to the production of medicines, health products, cosmetics and macrobiotics.
Vice Chairman of Central Quang Nam Province People’s Committee Ho Quang Buu said that in order to build Ngoc Linh ginseng into a national and international brand by 2045, the town is focusing on promoting investment to make an appeal and encourage companies to invest in the development of raw material zones and in the exploitation and processing of products. He is also calling for the creation of cooperatives to grow and process Ngoc Linh’s ginseng products.
The goal was set in the recently approved ginseng development program up to 2030, with a vision up to 2045.
The northern mountainous province of Lai Chau has released a plan to develop local ginseng by 2030, in which 100% of Lai Chau’s ginseng acreage will be managed and preserved. It will invest in building ginseng seedling facilities, including two high-tech facilities.
Article republished from the Vietnamese state media VNA in the framework of an agreement between both parties to share content. Link to the original article: https://en.vietnamplus.vn/vietnam-builds-international-brand-for-ginseng/267118.vnp
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Source: https://reporteasia.com/economia/consumo/2023/09/03/vietnam-crea-marca-internacional-ginseng/
