Wearing the "national treasure" coat
In 2017, My Hanh Group Joint Stock Company (MHG) was established with 5 main areas of operation: providing telecommunication products and services; researching and growing Ngoc Linh ginseng and medicinal herbs; producing and distributing products from Ngoc Linh ginseng; investing and developing ecological resort real estate; ginseng medicinal spa.
My Hanh Group was introduced with beautiful words such as its purpose and motto is to build and develop a sustainable value chain of Ngoc Linh ginseng production industry. MHG has strongly communicated the MHG Ngoc Linh ginseng brand and announced that the following year's revenue is 100% to 300% higher than the previous year.
Also according to MHG, after only a few years of operation, this group has expanded its network of stores and agents across the country, with revenue of thousands of billions of VND each year.
On the business information portal, My Hanh Group of Ms. Pham My Hanh (1980) is headquartered at 39 Nguyen Quoc Tri, Trung Hoa, Cau Giay, Hanoi and has many representative offices in Hanoi, Quang Ninh and Hoa Binh... Ms. Hanh is the Chairwoman of the Board of Directors.
Ms. Hanh is introduced as a businesswoman who aspires to develop and spread the “national treasure” of Vietnam. Ms. Hanh was once “revived” by Ngoc Linh ginseng after being exhausted during a trip to explore Ngoc Linh mountain in 2014.
My Hanh Group Joint Stock Company was born after that encounter, with the desire to preserve and develop Ngoc Linh ginseng, bring the nutritional value of this precious herb to serve the people and further build the MHG Ngoc Linh ginseng brand in the international market.
Also according to MHG's self-introduction, not simply buying products, processing and branding like many other units, MHG starts from the root and implements a closed process, from investing in developing Ngoc Linh ginseng gardens under the canopy of primeval forests in Quang Nam, to cooperating in product research and development and production at modern factories, ensuring food hygiene and safety, building a system of showrooms and agents to display and introduce products nationwide.
In addition, MHG introduced Ms. My Hanh to build Ngoc Linh MHG eco-resort in Mang Den, Kon Plong, Kontum. This will be an experience place for tourists, especially investors for Ngoc Linh MHG ginseng.
Also widely publicized, MHG said that in 2021, dozens of hectares of medicinal herb gardens, ginseng and several hectares of Ngoc Linh ginseng gardens were successfully planted in Nam Tra My, Quang Nam and Mang Den, Kontum.
More than 15 showrooms were built nationwide, Ngoc Linh MHG Farm resort in Kontum officially came into operation, Ngoc Linh resort hotel in Tuan Chau, Ha Long was built...
There is no ginseng planting project as introduced.
Pham My Hanh is known to have been in business since she was a student, as a distributor of phone SIM cards, electronics, office equipment... After that, Ms. Hanh participated in many fields such as telecommunications business, fire protection equipment...
In recent years, Ms. Hanh has become quite famous when receiving many titles such as "Outstanding Vietnamese Businesswoman of 2019" and "Golden Rose Cup". During the Covid-19 pandemic, Ms. Hanh was also reported by the media to participate in charity activities, donating hundreds of thousands of essential gifts, medical equipment... to people in difficulty and white-shirt soldiers on the front line against the epidemic...
The development orientation of My Hanh Group is to continue to prioritize the development of products from Ngoc Linh ginseng, with many new products such as powdered milk, tea, cakes, effervescent tablets...
However, recently, many people have complained that My Hanh Group does not have Ngoc Linh ginseng planting projects as advertised. And many people believe it because they see the headquarters of this group advertised very grandly and has won many awards.
On Tuoi Tre, the two provinces of Quang Nam and Kon Tum confirmed that there have not been any investment projects to develop Ngoc Linh ginseng cultivation by My Hanh Group in their areas.
According to scientific studies, Ngoc Linh ginseng contains up to 52 saponin compounds, twice as much as the amount of saponin in Korean ginseng. In particular, MR2 saponin accounts for about 50% of the total main saponin, has many important pharmacological effects on the human body and more than 24 types of saponin cannot be found in other types of ginseng.
Many effects of Ngoc Linh Ginseng on human health have been proven such as anti-aging, stress reduction, anti-mental breakdown, treatment of pharyngitis, regulation of cardiovascular system, blood pressure, enhancement of detoxification function, enhancement of resistance, support for cancer treatment...
On the morning of November 10, Cau Giay District Police (Hanoi) announced that this agency has just issued a decision to prosecute the case, prosecute the accused and temporarily detain Ms. Pham My Hanh (43 years old, residing in Trung Hoa Ward, Cau Giay District), Chairwoman of the Board of Directors of My Hanh Group Joint Stock Company, on charges of fraud and appropriation of property, as stipulated in Article 174 of the Penal Code.
According to initial information, during her operations, Ms. Hanh provided false information about her company's investment project to plant Ngoc Linh ginseng in several provinces and cities, bringing high profits.
Ms. Pham My Hanh mobilized 1,264 billion VND from many people, then used a small portion to pay interest to investors.
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