Vietnam: Planting a cinnamon tree that is fragrant and fragrant from stem to leaf, farmers in a district of Lao Cai collect 1,200 billion/year

Published Sep 26, 2022

Tridge summary

Bao Yen district in Lao Cai province is a major contributor to Vietnam's cinnamon production, with 23,500 hectares cultivating half of the province's total area. The district's production results in a revenue of over 1,200 billion VND annually, providing a significant source of income for local farmers. Despite its current success, the district is looking to enhance the value of its cinnamon by moving towards organic cultivation, improving processing capabilities, and establishing its brand. Only a few businesses have invested in deep processing of cinnamon products, with plans for more investment. The province has approved a 60 billion VND investment for a cinnamon essential oil processing plant and expects more investment in the sector, indicating a positive outlook for the future of Bao Yen cinnamon.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Every year, Bao Yen district (Lao Cai) grows new and replaces the exploited cinnamon area from 1,000 to 1,200 ha. Up to now, cinnamon trees are planted in 17/17 communes and towns of the district with more than 23,500 hectares, accounting for half of the cinnamon growing area in the province. Every year, the locality exports to the market about 156,000 tons of cinnamon branches and leaves, nearly 78,000 tons of fresh cinnamon bark and the output of cinnamon wood is nearly 70,000 m3, revenue of more than 1,200 billion VND. Cinnamon is currently a key crop of the forestry economy in Bao Yen district, Lao Cai province. Cinnamon is the main source of income for many farmers in the area. However, the potential to further improve the value of cinnamon is still quite large, because at present, cinnamon bark products in the whole district are sold in raw form, and cinnamon wood does not have any products after processing and distilling essential oils. Stop at a small scale, refined ...
Source: Danviet

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.