Vietnam’s Orchid Mania: Aficionados Willing to Pay Top Dollar, Offer Cars

Intriguing characteristics of a particular plant species have fueled its astronomical market valuation, reaching sums in the billions.

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The tree that the tycoons are hunting

Not only does this tree have a value as a spice, but it also has a medicinal value, is used as an ornamental plant, and helps farmers in many localities to become rich. That is the osmanthus tree.

According to the People’s Labor newspaper, the osmanthus tree is also known as the cassia flower, osmanthus flower, or osmanthus fragrans, and its scientific name is Osmanthus fragrans. This is a plant species that originated in Asia, which is found in many different regions like Europe, North America, China, and Vietnam. In our country, the osmanthus tree is distributed in many provinces and cities nationwide.

The osmanthus tree is a plant species that is distributed in many provinces and cities in Vietnam. (Photo: Growing)

The osmanthus tree is a woody tree, with a height of 3 – 12 m, green leaves with a length of 6 to 15 cm, an oval shape, serrated edges, and many clear veins. The osmanthus tree has very fragrant flowers and blooms year-round, especially in the fall when the tree blooms brilliantly, giving off a captivatingly sweet scent. Osmanthus flowers have many different colors such as white, pale yellow… The flowers are very small, with a diameter of only about 1cm, and grow in clusters. Each flower has 4 petals and has a very seductive fragrance. The osmanthus tree bears very few fruits, which are small, green in color, and have seeds.

The osmanthus tree is a small woody tree that is often planted in gardens because it does not affect the growth of other plant species. The tree can be planted using many different methods, such as sowing seeds or grafting, but grafting is the method used by most people.

The osmanthus tree has very fragrant flowers and blooms year-round. (Photo: 4 seasons ornamental plants)

When choosing to plant an osmanthus tree, one should choose soil that is thick, loose, and has good drainage. In addition, the soil should be composted with manure, coconut fiber, or rice husks so that the soil has more nutrients.

The tree should be watered twice a day, in the early morning and late afternoon, so that it can grow optimally. However, one should not water the tree with too much water at one time, as this may cause the tree to become waterlogged.

When planting the tree, one should choose a place that has natural light but is not too harsh, as direct sunlight from the sun can dry out the tree and cause it to lose water easily. The best temperature for the tree to grow is between 18 and 25 degrees Celsius.

This tree is easy to shape and has a long lifespan, so it can be used as a bonsai tree.

Many people buy osmanthus trees to place in their living rooms, balconies, or terraces as a decorative item and also to coordinate with the interior of their homes.

In the past, only kings, nobles, or officials were allowed to plant osmanthus trees in their courtyards or gardens.

In the past, only kings, nobles, or officials were allowed to plant osmanthus trees in their courtyards or gardens. (Photo: Medlatec)

There are two main types of osmanthus trees on the market: the “local” osmanthus tree (the osmanthus tree that is native to Vietnam) and the osmanthus tree that originates from China. The value of these two varieties differs quite a bit, and their appearance is also quite different. According to experts, the local osmanthus tree has a better appearance and quality, so the tree is more popular and has a higher value.

The Dan Tri newspaper reports that there are not many old osmanthus trees left in Vietnam today. The remaining trees are carefully cultivated, have a long lifespan, and are worth up to tens of billions of VND. These osmanthus trees were once sought after by Chinese tycoons to buy back at high prices.

According to Vietnamnet, in 2021, the ornamental plant trading community witnessed a transaction involving a pair of osmanthus trees with a Van Tuyet Hong orchid. The value of the exchange in this transaction was determined to be 1 million USD (over 25 billion VND).

A long-lived osmanthus tree is sold for billions of VND. (Photo: Bao Phuong)

Information posted in the An Giang newspaper, in 2017, a famous ornamental plant tycoon in Sapa (Lao Cai) once carried a whole sack of money and exchanged it for a luxury car to buy 4 ancient osmanthus trees that were over 100 years old. The total value of the 4 osmanthus trees at that time amounted to nearly 4.5 billion VND.

In addition, the leaves and flowers of the osmanthus tree are also used to make tea. In the past, people used osmanthus flowers to steep and brew like tea, to make osmanthus cakes and osmanthus wine, all of which have a very delicious flavor. Osmanthus tea has the effect of regulating blood pressure and reducing blood fat.

Osmanthus flowers are used to steep and brew like tea. (Photo: Bach Hoa Xanh)

In Oriental medicine, the osmanthus tree is used to make various types of medicine to treat different diseases. Osmanthus flowers have a spicy, hot taste, so they are made into a medicine to treat abdominal pain, and the fruit can be used to treat diseases of the liver and stomach. The roots of the osmanthus tree are used to treat diseases of the bones and joints, back pain due to weak kidneys…

Osmanthus is also used as a fragrance for women to use for bathing and washing their hair. In addition, the essential oil of the osmanthus tree is also extracted to make perfume.

The tree that helps people get rich

In addition to its beautiful appearance, the osmanthus tree also has special economic values.

According to the Nam Dinh newspaper, over the past 10 years, many households in the districts of Nam Truc, Hai Hau, Nam Dinh have brought the osmanthus tree back to plant, contributing to diversifying the crops and increasing economic efficiency. In the years