Foreign experts inspect Ngoc Linh ginseng cultivation in Quang Nam
Experts from the Dutch Fund for Climate and Development (DFCD) and the World Wild Fund for Nature (WWF) in Vietnam conducted a field trip to inspect technical and financial support for a project on the sustainable development of Ngoc Linh ginseng under forest canopy in the central province of Quang Nam province from February 26-27.
Foreign experts at a ginseng garden in Quang Nam (Photo: VNA)
Quang Nam (VNA) – Expertsfrom the Dutch Fund for Climate and Development (DFCD) and the World Wild Fundfor Nature (WWF) in Vietnam conducted a field trip to inspect technical andfinancial support for a project on the sustainable development of Ngoc Linhginseng under forest canopy in the centralprovince of Quang Nam from February 26-27.
The project is conducted by Samsam Group on a site of 2.5ha in Tra Linh commune, Nam Tra My district with the first-stage capital of 120 billion VND (5.2 millionUSD).
It is one of the 20 safe and one of eight Asian projects jointlyassessed and financially supported by WWF and DFCD.
Huib Jan de Ruijter, senior expert from the Dutch EntrepreneurialDevelopment Bank, hailed the project for not only offering economic benefits tothe enterprise but also benefiting the local community, particularly in terms ofprotecting the sustainable forest ecosystem and mitigating the impacts ofclimate change.
Chairman of the Board of Directors of Samsam Group NguyenDuc Luc said the group now needs a capital of around 20 million EUR to expand its cultivationarea, improve seed production and extraction capability, and produce a varietyof products derived from Ngoc Linh ginseng, thus ensuring the domestic supplyand completing legal procedures to bring them to the world.
𒁃 Samsam Group is currently growing 500,000 mature Ngoc Linhginseng plants on a 200ha area. Its cultivation area follows GACP-WHOstandards. In the near future, it plans to harvest 400,000 seeds and plant500,000 one-year-old seedlings./.
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.
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.
Vietnam has high potential to develop a ginseng farming and processing industry that generates billions of USD, stated President Nguyen Xuan Phuc at the opening of the Lai Chau Ginseng Fair 2022 in the northern mountainous province of Lai Chau on November 11.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
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Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
Foreign experts at a ginseng garden in Quang Nam (Photo: VNA) 
