Fertiliser imports increase in first eight months
Vietnam had spent 1.12 billion USD importing 2.94 million tonnes of
fertiliser in the first eight months of this year, a yearly increase of
28 percent in value and 12 percent in volume, according to the General
Department of Customs.
Vietnam had spent 1.12 billion USD importing 2.94 million tonnes of
fertiliser in the first eight months of this year, a yearly increase of
28 percent in value and 12 percent in volume, according to the General
Department of Customs.
During the period under review, SA fertiliser posted the highest import quantity at over 740,000 tonnes, up 15 percent.
It was followed by potassium, diammonium phosphate (DAP) at 530,000 tonnes, up 34 per cent; urea at 420,000 tonnes, up 29 per cent; and NPK at 350,000 tonnes, up 81 per cent.
The country, which produces more than 8 million tonnes of fertilisers a year that meet 80 percent of the domestic demand, imports most of its ammonium sulphate, potassium, and DAP for its needs, according to the Ministry of Industry and Trade.
By 2015 Vietnam will fully meet its urea, phosphate and NPK needs as well as 70-80 percent of DAP and 30 percent of SA needs.-VNA
During the period under review, SA fertiliser posted the highest import quantity at over 740,000 tonnes, up 15 percent.
It was followed by potassium, diammonium phosphate (DAP) at 530,000 tonnes, up 34 per cent; urea at 420,000 tonnes, up 29 per cent; and NPK at 350,000 tonnes, up 81 per cent.
The country, which produces more than 8 million tonnes of fertilisers a year that meet 80 percent of the domestic demand, imports most of its ammonium sulphate, potassium, and DAP for its needs, according to the Ministry of Industry and Trade.
By 2015 Vietnam will fully meet its urea, phosphate and NPK needs as well as 70-80 percent of DAP and 30 percent of SA needs.-VNA
You should also see
Dien Bien soldiers, youth volunteers meet in Hanoi
Nearly 300 soldiers and youth volunteers directly engaging in the Dien Bien Phu campaign 70 years ago looked back on the 56-day battle, the victory of which led to the signing of the Geneva Accords on ending the war and restoring peace in Indochina, at a meeting in Hanoi on April 23.
See more
Sci-Tech
FPT, NVIDIA ink MoU to build 200 million USD AI factory
Vietnam’s tech giant FPT plans to build a 200 million USD artificial intelligence (AI) factory using Nvidia's graphics chips and software, as announced on April 23 in a comprehensive strategic partnership with NVIDIA.
Business
Lao Cai province calls for more Japanese investments
The advantages and potential of Vietnam’s northern border province of Lao Cai were introduced to Japanese firms at an investment and tourism promotion conference in Tokyo on April 23.
Business
Vietnam’s economy shows gradual recovery: WB’s report
Vietnam's economy is showing mixed signs of recovery in early 2024, with growth forecast to reach 5.5% in 2024 and gradually rise to 6.0% by 2025, according to the latest World Bank Taking Stock bi-annual economic update released on April 23.
Business
Tra fish export to UAE jumps 67% in Q1
Vietnam’s tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, statistics of the General Department of Customs showed.
Business
Central bank successfully auctions 3,400 taels of SJC-branded gold bars
The State Bank of Vietnam (SBV) released the outcome of the gold bullion auction on April 23, with two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars.
