Illustrative image (Source: vov.vn) Hanoi (VNA) – Vietnam utilises11 million tonnes of fertiliser annually and its consumption of local productsis rising, the Ministry of Industry and Trade said.
Of this, 90 percent of the fertiliser used isinorganic.
More and more domestically produced fertilisersare being used and there is a drop in imported products, the ministry said. Inrecent years, the country’s fertiliser sector has seen strong growth.
The country has been active in ensuring thesupply of urea fertilisers for agricultural production even as it develops newfertilisers such as DAP and kali. Vietnamese fertiliser producers have investedin technologies, equipment and quality of phosphate and NPK fertilisers, theministry said.
Local producers can meet demands for urea,phosphate and NPK fertilisers, and even manage to export some products toCambodia, Laos, Indonesia, the Philippines, South Korea and Japan. However, Vietnamstill has to import its entire requirement for SA fertiliser.
Nguyen Gia Tuong, General Director of Vietnam ChemicalIndustry Group (Vinachem), said that in 2017, his company has targeted an industrialproduction value of 42.4 trillion VND, which is an 8.3 percent rise from lastyear. Its turnover is expected to reach 43.5 trillion VND, a 3.9 percentyear-on-year increase. The company’s units have to increase production to meetthe demands for agricultural production and export, he said.
The group is also working to stabilise thedomestic fertiliser market and avoid shortage and unreasonable price spike, Tuongsaid. Vinachem has asked its units to improve trade promotion activities andexpand its markets. At the same time, the company is implementing thegive-priority-to-Vietnamese goods policy to increase utilisation of rubber,phosphate, urea and DAP fertilisers.
Vinachem has requested the ministry to takedrastic measures to stop the sale of poor-quality and fake fertilisers as wellas curb trade fraud so that the business environment is healthy. It has calledfor trade defence measures such as imposing an anti-dumping tax on urea andDAP-imported fertilisers.-VNA
Of this, 90 percent of the fertiliser used isinorganic.
More and more domestically produced fertilisersare being used and there is a drop in imported products, the ministry said. Inrecent years, the country’s fertiliser sector has seen strong growth.
The country has been active in ensuring thesupply of urea fertilisers for agricultural production even as it develops newfertilisers such as DAP and kali. Vietnamese fertiliser producers have investedin technologies, equipment and quality of phosphate and NPK fertilisers, theministry said.
Local producers can meet demands for urea,phosphate and NPK fertilisers, and even manage to export some products toCambodia, Laos, Indonesia, the Philippines, South Korea and Japan. However, Vietnamstill has to import its entire requirement for SA fertiliser.
Nguyen Gia Tuong, General Director of Vietnam ChemicalIndustry Group (Vinachem), said that in 2017, his company has targeted an industrialproduction value of 42.4 trillion VND, which is an 8.3 percent rise from lastyear. Its turnover is expected to reach 43.5 trillion VND, a 3.9 percentyear-on-year increase. The company’s units have to increase production to meetthe demands for agricultural production and export, he said.
The group is also working to stabilise thedomestic fertiliser market and avoid shortage and unreasonable price spike, Tuongsaid. Vinachem has asked its units to improve trade promotion activities andexpand its markets. At the same time, the company is implementing thegive-priority-to-Vietnamese goods policy to increase utilisation of rubber,phosphate, urea and DAP fertilisers.
Vinachem has requested the ministry to takedrastic measures to stop the sale of poor-quality and fake fertilisers as wellas curb trade fraud so that the business environment is healthy. It has calledfor trade defence measures such as imposing an anti-dumping tax on urea andDAP-imported fertilisers.-VNA
VNA
