Rare Vietnamese ginseng successfully cultivated in Khanh Hoa
Ngoc Linh ginseng (Panax vietnamensis Ha et Grushv) has been successfully cultivated in Hon Ba Nature Reserve in the south-central province of Khanh Hoa as part of a pilot project conducted from 2019 to June 2022.
A Ngoc Linh ginseng plant grown at Hon Ba Nature Reserve is examined. (Photo: VNA)
Khanh Hoa (VNA) – Ngoc Linh ginseng (Panax vietnamensis Ha et Grushv) has been successfully cultivated in Hon Ba Nature Reserve in the south-central province of Khanh Hoa as part of a pilot project conducted from 2019 to June 2022.
Under the project, more than 800 Ngoc Linh ginseng plants were seeded on a total area of about 1,000 sqm at the nature reserve. The survival rate was nearly 90%.
Average fresh roots weigh around 2.8–3.6 grams with saponin content just 1.5–2% lower than those planted in Kon Tum and Quang Nam where the species is native.
It is expected to provide an opportunity to expand Ngoc Linh Ginseng farming in Khanh Hoa and other areas with similar natural conditions, and to create jobs and improve livelihoods for local people, according to the provincial science and technology council that assessed the results of the project.
Ngoc Linh ginseng was first discovered in 1973 in a forest on Ngoc Linh mountain, located between the provinces of Kon Tum and Quang Nam, by a team of four pharmacists. They were sent by the Central Region Health Agency to search for herbal medicine.
Ngoc Linh ginseng's stems and roots contain a high rate of saponin compound, much higher than other ginseng species. The ginseng also has preeminent features that Korean and Chinese ginseng lack. These include important antibacterial, anti-depressant, anxiety-reduction and anti-oxidant properties, and can boost the effects of antibiotics and diabetes medications.
It is estimated that for an investment of about 3 billion VND (nearly 129,000 USD) to grow one hectare of ginseng, revenue after five years can reach 30 billion VND (1.27 million USD).
However, cultivating Ngoc Linh ginseng isn’t easy because the plant can only grow and produce quality ginseng in climatic and soil conditions at an altitude of 1,200-2,000m on Ngoc Linh mountain.
The plant was called a national treasure by President Nguyen Xuan Phuc at a Quang Nam seminar last month./.
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.
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 authorities and the Vietnam Administration of Forestry has set a goal to cultivate as much as 200,000ha of panax ginseng and promote it to the international market.
Ngoc Linh ginseng deserves the "National treasure" title, and it is necessary to strongly promote the role of this treasure in improving people's livelihoods, President Nguyen Xuan Phuc said when attending a workshop seeking ways to developing this kind of ginseng into a national brand in the central province of Quang Nam on August 6.
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
A Ngoc Linh ginseng plant grown at Hon Ba Nature Reserve is examined. (Photo: VNA) 
