12:26 | 14/04/2019 Investment
The Central Highlands province of Lam Dong has given the nod to Lam Dong Pharmaceutical JSC to deploy a project on medicinal plant planting in Lac Duong district with a total investment of VND50.72 billion (nearly US$2.2 million).
|Lam Dong targets to develop medicinal plants into a local high-tech commodity production industry - Photo: NDO|
The project has a total area of about 56 ha in Da Nhim commune, Lac Duong district, in which, the area for growing medicinal plants is 51.56 ha, including annual crops such as artichoke, matricaria chamomilla, perennial camellia chrysantha, aucklandia lappa and Paris polyphylla.
In addition, the project will pilot, breed and preserve a number of local endemic medicinal varieties.
It is expected to provide the market with products meeting the guidelines on good agricultural and collection practices (GACP) as recommended by the World Health Organization.
The annual output of each specific product is estimated to be at over 1,000 tonnes of artichoke a year, 128 tonnes of matricaria chamomilla, 20 tonnes of aucklandia lappa and eight tonnes of camellia chrysantha.
The project will be implemented within 24 months and is expected to put into operation by the end of 2020.