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.
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./.
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.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Ngoc Linh ginseng (Photo: VNA) 
