The three-day event attracted the participation of over 5,000 visitors.
President Nguyen Xuan Phuc attended and delivered a speech at the opening ceremony of the fair.
The leader highlighted Lai Chau's advantages in ginseng development and its high economic value while also asking the province to preserve its gene sources and to support farmers in farming techniques.
The three-day Lai Chau Ginseng Fair aimed to popularise the potentials and strengths of ginseng development along with policies to encourage investment in the industry and provide investors with opportunities to cooperate with local farmers in the field.
On the occasion, Chairman of the People's Committee of Lai Chau Province presented certificates of merit to 21 collectives and 39 individuals who recorded outstanding achievements in organising the Lai Chau Ginseng Fair in 2022.
Ginseng is a typical herb of Lai Chau, found at a height of 1,400-2,200m above sea level.
Initial research results show that Lai Chau ginseng has a very high Saponin content of up to 21.34%. Specifically, it contains 7.78% Majonoside - R2(MR2), an active anticancer ingredient, along with anticoagulant substance silphioside E.
Lai Chau ginseng has received a plant varieties protection certificate by the Ministry of Agriculture and Rural Development.
Currently, Lai Chau has a total area of about 38,000 hectares suitable for ginseng farming. The province has developed more than 100 hectares of ginseng farms in the districts of Muong Te, Sin Ho, Phong Tho, and Tam Duong.
