VN medicinal herbs have potential to expand in Japan
Việt Nam needs to focus on developing the production chain for medicinal herbs with deep processing to increase added value. — Photo vietnamnet.vn
There is a large potential to increase the export of medicinal herbs to Japan while several Japanese pharmaceutical companies are eyeing up herbs from Việt Nam, according to the Việt Nam Trade Office in Japan.
The trade office pointed out that Japan imported several medicinal herbs from Việt Nam, such as hemp, black garlic, black pepper, anise, cinnamon, ginger, turmeric and sesame seed, citing statistics from Japanese customs that Việt Nam exported medicinal herbs worth about US$8.6 million to Japan in 2021.
However, Việt Nam held a modest market share of medicinal herbs in Japan, just around 1.1 per cent of Japan's total medicinal herb imports.
This provided significant opportunities for Việt Nam to expand the export of medicinal herbs to Japan - the second-largest importer of medicinal herbs in the worth.
Việt Nam’s Trade Counselor in Japan, Tạ Đức Minh, told Việt Nam News Agency that Việt Nam has an abundant supply of medicinal herbs with more than 5,100 species of plants with medicinal use. However, Việt Nam’s export of medicinal herbs remained modest compared to its potential.
The good news was that some Japanese pharmaceutical companies are interested in buying medicinal herbs from Việt Nam, Minh said.
Nguyễn Văn Giáp, director of Hasu No Hana Joint Stock Company which was the distributor of some Japanese pharmaceutical companies such as JPS Pharmaceutical and Nikko Pharmaceutical in Việt Nam, said that Japan’s demand for importing raw medicinal materials was very high. At the same time, the potential supply from Việt Nam was abundant.
Giáp said that his company was finding ways to promote exporting Vietnamese raw medicinal materials to Japan.
According to Minh, China held a dominant market share of medicinal herbs in Japan. However, this did not mean there was no room for Việt Nam to expand the export of medicinal herbs to the market.
Makoto Tamura, director of the Tochigi Plant of JPS, was quoted by Việt Nam News Agency as saying that the company planned to expand sources of import from other countries, including Việt Nam.
As Japan has strict requirements for medicinal herbs, Vietnamese producers and exporters need to pay attention to all production stages to ensure quality, from plantation area planning to processing and preservation, according to the director.
The problem is that the plantation of medicinal plants remained scattered. The development programme for the pharmaceutical industry and domestically produced herbal ingredients until 2030 set the goal of building eight areas for sustainable exploitation of natural medicinal herbs and two to five large-scale plantation areas.
Minh said Việt Nam needed to focus on developing the production chain with deep processing to increase efficiency.
He added that policies were necessary to attract large enterprises to pour investment into building large-scale pharmaceutical production and processing centres.
Attention must be paid to developing plantation areas to ensure the quality of medicinal herbs. Traceability is also of considerable importance. — VNS
Related News
![Four tens of billion USD export markets](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/24/22/croped/image00120240724083639-120240724220432.png?240725091715)
Four tens of billion USD export markets
09:17 | 25/07/2024 Import-Export
![Vietnam hopes to have a breakthrough in investment from Japanese ODA capital](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/062024/27/15/croped/img-2056jfif2024062614170220240627152821.jpg?240628013922)
Vietnam hopes to have a breakthrough in investment from Japanese ODA capital
13:39 | 28/06/2024 Finance
![Spending more than US$31 billion for importing computers and electronic products in 4 months](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/052024/20/15/croped/image0012024051515030820240520150746.png?240521030057)
Spending more than US$31 billion for importing computers and electronic products in 4 months
15:00 | 21/05/2024 Import-Export
![Minister of Finance Ho Duc Phoc receives Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/052024/04/10/z5404466665110-bd707dc1cc230987ecd8b6c462b8279b2024050313582420240504102644.jpg?rt=20240504102648?240504014756)
Minister of Finance Ho Duc Phoc receives Ambassador Extraordinary and Plenipotentiary of Japan to Vietnam
13:47 | 04/05/2024 Finance
Latest News
HCM City annual international travel expo in September
15:15 | 26/07/2024 Import-Export
![Đồng Nai](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/26/15/croped/361692-4902364192590514-images2439387-z3245301932583-8e0fcec4c0298cbdd1a67efc377e87d420240726151202.9807900.jpg?240726031245)
Đồng Nai's key export item hopes for recovery
15:12 | 26/07/2024 Import-Export
![Rice exports to set record turnover of 5 billion USD in 2024](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/26/15/croped/1911gaoxuatkhaujpg-410520240726150836.9178600.jpg?240726030900)
Rice exports to set record turnover of 5 billion USD in 2024
15:08 | 26/07/2024 Import-Export
![4 export markets of tens of billions of dollars](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/15/image0012024072408363920240725154929.png?rt=20240725154931?240726081916)
4 export markets of tens of billions of dollars
08:19 | 26/07/2024 Import-Export
More News
![Difficult for phones to regain No. 1 position in exports](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/15/croped/image0012024072309572920240725155916.png?240726081749)
Difficult for phones to regain No. 1 position in exports
08:17 | 26/07/2024 Import-Export
![Indonesia licenses certificates of lobster cultivation for three Vietnamese companies](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/14/croped/lobster-409720240725140435.9377380.jpg?240725020459)
Indonesia licenses certificates of lobster cultivation for three Vietnamese companies
14:04 | 25/07/2024 Import-Export
![Vietnamese spend nearly 150 trillion VND on online shopping](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/14/croped/e-commerce-901820240725140330.8978560.jpg?240725020351)
Vietnamese spend nearly 150 trillion VND on online shopping
14:03 | 25/07/2024 Import-Export
![Successful digital transformation solutions for wood industry enterprises](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/18/16/152024071210255720240718165847.jpg?rt=20240718165850?240725091456)
Successful digital transformation solutions for wood industry enterprises
09:14 | 25/07/2024 Import-Export
![Vietnamese lychee sold well at Costco stores in Australia](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/24/14/croped/screenshot-2024-07-24-091517-547920240724140956.8680410.jpg?240724021028)
Vietnamese lychee sold well at Costco stores in Australia
14:10 | 24/07/2024 Import-Export
![Durian exports forecast to top 3 billion USD in 2024](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/24/14/croped/durian-979820240724140848.8204690.jpg?240724020914)
Durian exports forecast to top 3 billion USD in 2024
14:09 | 24/07/2024 Import-Export
![FTA - support to promote pangasius export](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/15/16/17-ca2024012216053120240715164806.jpg?rt=20240715164809?240724091910)
FTA - support to promote pangasius export
09:19 | 24/07/2024 Import-Export
![Vietnam - France trade reached nearly US$2.5 billion in the first half of the year](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/23/14/croped/image0012024072010161720240723142729.png?240724091832)
Vietnam - France trade reached nearly US$2.5 billion in the first half of the year
09:18 | 24/07/2024 Import-Export
![Technology increases competitiveness in the logistics race](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/19/16/16-day-chuyen-1-2690-44782024071210471920240719165055.jpg?rt=20240719165058?240723024027)
Technology increases competitiveness in the logistics race
14:40 | 23/07/2024 Import-Export
Your care
HCM City annual international travel expo in September
15:15 | 26/07/2024 Import-Export
![Đồng Nai](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/26/15/croped/medium/361692-4902364192590514-images2439387-z3245301932583-8e0fcec4c0298cbdd1a67efc377e87d420240726151202.9807900.jpg?240726031245)
Đồng Nai's key export item hopes for recovery
15:12 | 26/07/2024 Import-Export
![Rice exports to set record turnover of 5 billion USD in 2024](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/26/15/croped/medium/1911gaoxuatkhaujpg-410520240726150836.9178600.jpg?240726030900)
Rice exports to set record turnover of 5 billion USD in 2024
15:08 | 26/07/2024 Import-Export
![4 export markets of tens of billions of dollars](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/15/medium/image0012024072408363920240725154929.png?rt=20240725154931?240726081916)
4 export markets of tens of billions of dollars
08:19 | 26/07/2024 Import-Export
![Difficult for phones to regain No. 1 position in exports](https://english.haiquanonline.com.vn/stores/news_dataimages/2024/072024/25/15/croped/medium/image0012024072309572920240725155916.png?240726081749)
Difficult for phones to regain No. 1 position in exports
08:17 | 26/07/2024 Import-Export