Prevent and handle smuggled ginseng, protect the Vietnamese ginseng brand

Published 2023년 9월 8일

Tridge summary

A discussion was organized on preventing and handling smuggled ginseng in Vietnam, as traders are selling counterfeit ginseng at significantly lower prices than genuine ones. This not only affects consumer health but also harms the reputation of Vietnamese ginseng growers. Smuggled ginseng cases have increased, with discoveries of stores and products impersonating the origin of Ngoc Linh and Lai Chau ginseng, leading to the need for stricter measures, propaganda efforts, and distinguishing methods between real and fake goods.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

On September 8, Rural Today newspaper organized a discussion "Solutions to prevent and handle smuggled ginseng, protecting Vietnamese ginseng growers" with the participation of many managers, experts, and farmers in the field. country. Information at the seminar showed that recently, traders appeared on the market selling "Ngoc Linh ginseng or Lai Chau ginseng" at a price several dozen times cheaper than the original ginseng. Specifically, while the price of genuine Ngoc Linh ginseng type 1 is up to more than 300 million VND/kg, and Lai Chau ginseng is priced at over 120 million VND/kg, on the market there are types of ginseng impersonating Ngoc Linh ginseng, ginseng Lai Chau has a price of only a few million VND/kg. This not only affects consumers' health but also affects the brand in which ginseng growers in Vietnam have invested a lot of money. Many farmers have expressed concerns that it could lead to bankruptcy if smuggled ginseng is not prevented promptly. According to Mr. ...
Source: Baochinhphu

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.