Unlocking the potential of Vietnamese medicinal herbs

Unlocking the potential of Vietnamese medicinal herbs

Talking at a convention on September 29, Nguyen Dinh Chien, deputy director of Yen Bai Division of Trade and Commerce mentioned, “Yen Bai is house to the nation’s largest cinnamon space, with 86,000 hectares and an output of 30,000 tonnes per yr. Nevertheless, the province solely exports $50-60 million of cinnamon yearly.”

He requested Vietnamese Commerce Workplaces overseas to introduce Yen Bai’s cinnamon to importers all over the world and entice buyers to develop the native cinnamon processing business.

Bui Trung Thuong, commerce counsellor on the Vietnam Commerce Workplace in India mentioned, “Vietnamese cinnamon is widespread in India as a result of its excessive important oil content material and distinctive flavour. With a inhabitants of about 1.3 billion individuals, India is the world’s main shopper of cinnamon and star anise.”

“Because of preferential tariffs underneath the ASEAN-India Commerce in Companies Settlement, Vietnam is the most important provider of cinnamon merchandise to the Indian market. In the latest fiscal yr, Vietnam exported 32,650 tonnes, accounting for 85 per cent of India’s cinnamon imports,” Thuong added.

Do Ngoc Hung, business and commerce counsellor on the Vietnam Commerce Workplace in the US added, “Cinnamon and star anise are each widespread within the US market. They’re broadly used within the pharmaceutical and cosmetics industries, and are typically added to drinks like tea and occasional.”

“There may be nice potential for Vietnam to export cinnamon and star anise to the US market because of its prime quality,” Hung continued.

In 2022, the export turnover of cinnamon from Vietnam to the US stood at about $50 million, accounting for 35 per cent of the US’s complete imports.

“Cinnamon exports want Meals and Drug Administration certification to enter the US, so it’s essential that manufacturing processes and product high quality are always improved. Vietnamese cinnamon and star anise then have to be promoted at commerce gala’s to assist improve their penetration into the US market,” mentioned Hung.

Pakistan is one other potential marketplace for Vietnamese cinnamon. Based on Nguyen Thi Diep Ha, head of the Vietnam Commerce Workplace in Pakistan, the nation has lots of demand for cinnamon and different medicinal herbs. Pakistan imported 7,000 tonnes of cinnamon final yr, of which Vietnamese exports accounted for greater than 4 per cent.

She mentioned, “Pakistan imports cinnamon primarily as a spice, so it prefers thin-skinned variants with low important oil content material. The nation requires plant quarantine and Halal certificates for imported cinnamon. Processed merchandise should additionally possess a meals hygiene and security certificates.”

“Together with cinnamon, Vietnamese star anise and cardamom account for 1 per cent and 5.8 per cent of the market share in Pakistan respectively,” she added.

“Once more, these are primarily imported as spices, so it prefers low-cost, low-essential oil varieties and requires related certifications to cinnamon merchandise. Due to this fact, localities have to develop rising areas to keep up a secure provide.”

Nguyen The Thinh, director of the Division of Conventional Medication and Pharmacy Administration mentioned, “Vietnam is house to a various vary of medicinal herbs, with many treasured and uncommon varieties. Nevertheless, it has a low export turnover as a result of lack of a grasp plan. With its spontaneous improvement, Vietnam has didn’t determine the viable markets for medicinal crops.”

He added, “The export choices for cinnamon, star anise, and different medicinal crops have been more and more expanded as a result of modifications in shopper consciousness. As well as, there was robust improvement of the worldwide pharmaceutical, practical meals, meals processing, and cosmetics industries, which creates further demand for such merchandise.”

Unlocking the potential of Vietnamese medicinal herbs

On the worldwide map of herbs, Vietnam is assessed as possessing a various and plentiful provide of medicinal species, and it boasts nice potential for creating this discipline into an financial success story.

Cinnamon cultivation in Vietnam covers about 150,000ha, accounting for 17 per cent of the worldwide space. The nation is the third-largest producer and exporter of cinnamon on this planet by way of output, after Indonesia and China. In the meantime, only a few nations can provide star anise – the plant is broadly grown in Vietnam and China.

The MoIT is working intently with the Ministry of Well being to create hyperlinks between Vietnamese medicinal farming and processing companies. It has requested Vietnamese Commerce Workplaces to watch, help, and supply info in the marketplace wants, rules, and necessities for cinnamon, star anise, and medicinal crops, serving to to advertise merchandise and develop the export potential all over the world.

Sauces and herbs to die for Sauces and herbs to die for

Vietnamese dipping sauce and an enormous number of recent fragrant herbs are the soul of the nation’s delicacies.

Vietnam setting sights on medicinal herb scale-up Vietnam setting sights on medicinal herb scale-up

The reopening of the Chi Ma-Ai Diem border gate in Lang Son final month to import medicinal herbs and uncooked supplies from China is placing strain on the implementation of home manufacturing of comparable merchandise.

Businesses exporting medicinal herbs to China required to register Companies exporting medicinal herbs to China required to register

Vietnamese companies which need to export medicinal herbs to China should submit details about rising areas and packaging institutions to the provincial Departments of Agriculture and Rural Growth.

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