Vietnam firms sign deal to develop Ngoc Linh ginseng value chain

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Truong Sinh Group and Quang Nam Pharmaceutical Cultivation and Processing Joint Stock Company on Monday signed a contract to purchase, sell and invest in the development of Ngoc Linh ginseng cultivation areas, aiming to build a closed and sustainable value chain for the prized medicinal herb.

The signing ceremony took place at Tra Da Industrial Park in Pleiku Ward, Gia Lai Province, marking what the companies described as a milestone in Vietnam’s national medicinal herb development strategy, with a focus on transparency, standardisation and long-term sustainability.

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Scene from the signing ceremony. Photo: M.P

Speaking at the event, Phan Thanh Thien, General Director of Truong Sinh Group, said the group has more than 20 years of experience in the medicinal herb sector and operates factories that meet GMP, GMP-WHO and ISO standards. He said the company has advanced capabilities in deep processing, Ngoc Linh ginseng extraction, and the production of high-tech pharmaceuticals and health supplements.

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Leaders of Trường Sinh Group and Quang Nam Cultivation and Medicinal Processing Joint Stock Company sign a contract for the purchase and investment in the development of Ngoc Linh Ginseng cultivation areas. Photo: N.S

Truong Sinh Group also has a nationwide, multi-channel distribution network, international export capacity and the financial resources to invest in long-term development of raw material regions, according to Thien.

Under its development strategy, the group plans to invest about USD 20 million in expanding and developing Ngoc Linh ginseng cultivation zones, deep processing of ginseng products, strengthening distribution systems, marketing and brand building for Ngoc Linh Ginseng – Vietnamese Ginseng, and ensuring stable output for cultivation areas.

Quang Nam Pharmaceutical Cultivation and Processing Joint Stock Company currently manages 70 hectares of cultivation area, with more than 500,000 ginseng plants aged between one and 10 years. All plants are certified with geographical indications and full traceability, the company said.

The firm has a team of experienced engineers and local workers and is capable of supplying a stable source of high-quality fresh ginseng to major pharmaceutical enterprises.

Through the partnership, both sides said they aim to develop Ngoc Linh ginseng raw material regions in a clean, standardised and authentic manner, closely linking the “cultivation area–factory–market” chain and enhancing the value of medicinal herbs. The cooperation is intended to help position Ngoc Linh ginseng as a high-value medicinal brand in both domestic and international markets.

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