Investors pour funds into Ngọc Linh ginseng production

December, 20/2021 - 12:53

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

 

 

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

QUẢNG NAM — Two new investors – Nutifood and Thiện Nhân hospital – have put their footprint in the development and production of thousands of hectares of Ngọc Linh ginseng farms in the central province, promising a worldwide brand for the national product.

Nutifood said it had completed investing in 51 per cent in stocks and shares worth millions of dollars in the Ngọc Linh ginseng Quảng 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.

 

A man checks the quality of a young Ngoc Linh ginseng plant on a farm in Tra Linh commune of Quảng Nam Province. Photo courtesy of Kim Tuyen

Vice-chairman of Nutifood and chairman of Quasapharco, Trần Bảo Minh said the investment would help boost the ecological system for Ngọc Linh ginseng – the national brand – while bringing the product to more consumers in Việt Nam and worldwide.

More reasonable prices on nutritional products from Ngọc 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 Việt Nam.

Last week, Thiện Nhân medicine joint-stock company, or Thiện Nhân Hospital, agreed to investment co-operation with Việt Linh ginseng company for growing and production on a total of 5.98 hectares of Ngọc Linh ginseng farms in mountainous Nam Trà 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 Ngô Đức Hải, chairman of Thiện Nhân hospital, said the two companies would join hands in boosting research and production of pharmaceutical products from Ngọc 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 Ngọc Linh ginseng is sold at VNĐ100 million (US$4,300), but processed products including capsules, function food, essential oils, cosmetics, tonic drinks and tea would earn much more for the Quảng Nam-based brand.

 

Two representatives of Viet Linh Ginseng company and Thiện Nhân Hospital agreed to produce Ngoc Linh ginseng as a medical product for healthcare and cancer prevention. Photo courtesy of Thiện Nhân 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 Trà My District.

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

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

Ngọc Linh ginseng, grown both in Nam Trà My District in Quảng Nam Province and the central highlands Kon Tum, was recognised as a National Brand and given a Geographical Indication in 2018. — VNS

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