Van Yen cinnamon farmer earns billions of Vietnamese dong amidst COVID-19

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Van Yen cinnamon farmer earns billions of Vietnamese dong amidst COVID-19

Friday, November 19, 2021

YBO - The COVID-19 pandemic has impacted production and business activities of many people, but Ban Van Minh in Lang Cau village, Tan Hop commune, Van Yen district is still well-off because he has collected more than 1 billion VND from cinnamon.

With up to 60 hectares of cinnamon – one of the largest in Tan Hop, Minh’s family is focusing on harvesting and pruning cinnamon. Despite the complicated developments of the pandemic in many places, Minh said that the price of cinnamon products this year remains stable. Even prices of some products are higher than those of previous years, such as high-quality finished dried cinnamon costing up to 98,000 VND per kg.

Not focusing on harvesting like every year, this year, his family only focuses on pruning and selling cinnamon leaves, earning more than 10 million VND a day. Some days, he hires up to 20 workers to take care of and harvest cinnamon with the lowest wage of 250,000 VND per person per day. It is expected that his family will earn more than 1 billion VND in this year's cinnamon crop.

Over the past years, thanks to stable prices of cinnamon products, people in Tan Hop commune have faith in cinnamon trees, and the cinnamon growing movement has grown strongly in all villages. Particularly in Lang Cau village, 100 percent of households grow cinnamon, and Lang Cau also has the most number of billionaires in Tan Hop thanks to cinnamon growing.

According to statistics, up to 80 percent out of nearly 1,300 cinnamon growing households in Tan Hop commune have got rich. Lang Cau village alone has nearly 1,000 hectares of cinnamon. In the village, over 80 percent of households can build spacious and solid houses worth 1 billion VND or more. Each year, cinnamon brings about 50 billion VND in income for locals in the commune.

Growing nearly 50,000 hectares of cinnamon, each year Van Yen district exports to the market about 9,000 tonnes of dried cinnamon bark of all kinds, about 63,000 tonnes of cinnamon leaves, 300 tonnes of essential oil, 51,000cu.m of cinnamon wood. Revenue from cinnamon reaches over 600 billion VND a year.

In addition to 12 factories producing and processing cinnamon essential oil, the district currently has 16 enterprises and cooperatives processing cinnamon bark, nine cooperatives processing cinnamon wood and thousands of private households specialising in collecting, semi-processing, and trading cinnamon products.

To ensure the quality for clean cinnamon products, Van Yen district continues to promote and introduce products to attract capable investors, implementing production linkages along the value chain, and improving the value of Van Yen cinnamon products on the domestic as well as international markets. It will also create conditions for and encourage enterprises to invest in the construction of processing, purchase and consumption facilities.

Anh Dung

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