Vietnam imports nearly 352 million VND worth of fertilisers in Q1

Imported fertiliser volume soared in March, with China being the biggest supplier, according to preliminary statistics from the General Department of Customs.
Vietnam imports nearly 352 million VND worth of fertilisers in Q1 ảnh 1Workers package fertiliser at a plant of Lam Thao Fertilisers and Chemicals JSC. (Photo: VNA)
Hanoi (VNS/VNA) - Imported fertiliser volume soaredin March, with China being the biggest supplier, according to preliminarystatistics from the General Department of Customs.

Last month, Vietnam imported about 429,000 tonnes of fertilisersworth 123 million USD, up 52.3% month-on-month in quantity and 35% in value.

The average import price was 287 USD per tonne, down 11.6% fromFebruary.

China was the leading supplier, with a total of nearly 175,000tonnes. This represented a significant growth of almost 44% in quantity, over55% in value and nearly 8% in price from the previous month.

In the first three months of 2024, the country imported over 1.12million tonnes of fertilisers, valued at nearly 352 million USD, with anaverage price of over 314 USD per tonne.

China remained the main importing market, accounting forapproximately 42% of the total volume and over 29% of the total import value.

Vietnam also imported fertilisers from other markets, includingRussia, Southeast Asia, and members of the Regional Comprehensive EconomicPartnership (RCEP) and the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP).

Dr. Phung Ha, Vice Chairman and Secretary General of the VietnamFertiliser Association (FAV), said that Chinese fertilisers have consistentlybeen the most imported into Vietnam.

This is due to China's significant role as a major producer andexporter of fertilisers worldwide.

Currently, Vietnam faces a shortage or inability to domesticallyproduce certain types of fertilisers, Ha told plo.vn. For instance, in the case of DAP, domesticproduction capacity is only around 400,000 - 500,000 tonnes, whereas the demandexceeds 1 million tonnes, necessitating imports.

Regarding NPK fertilisers, Vietnam import those with high nutrientcontent while exporting those with lower nutrient content to neighbouringmarkets, Ha added.

According to the FAV Vice Chairman, the country’s fertilisersupply is not solely reliant on foreign markets.

Some fertilisers, like urea and superphosphate, are produced forboth domestic use and export.

The proportion of Vietnam’s fertiliser exports has beenincreasing, reaching 1.7 billion USD in 2022 due to restrictions on fertiliserexports by certain countries./.
VNA

See more

Consumers shop at the WinMart Vo Thi Sau supermarket in Hanoi's Hai Ba Trung district. (Photo: VNA)

Hanoi keeps CPI well under control

The CPI for the first quarter of 2025 increased by 2.75% compared to the same period last year, indicating that inflation remains well under control.

Vietnam’s KRX trading system is set to go live on May 5. (Photo: VietnamPlus)

Vietnam to launch KRX trading system on May 5

The KRX system is currently in its final testing phase before full implementation. During this period, securities firms are conducting simulated trading sessions as if on a normal trading day.

Vietnam has proactively reviewed and adjust tariffs, particularly on US imports, as part of efforts towards balanced trade relations. (Illustrative photo - Source: VNA)

Vietnam reviews, adjusts import tariffs to promote trade balance

The Ministry of Finance is now working closely with other agencies to evaluate policy options that support businesses. Possible solutions include market diversification, supply chain optimisation, and leveraging opportunities from Vietnam’s existing free trade agreements.

Illustrative photo (Photo: VNA)

Retail petrol prices up in latest adjustment

Under the new pricing structure, E5 RON92 and RON95-III have increased by 341 VND and 495 VND per litre to a maximum of 20,373 VND (0.79 USD) and 20,919 VND per litre, respectively.

The Lumitel brand is being promoted on walls across Burundi. (Photo: Viettel)

Lumitel – A bright spot in Vietnam-Burundi collaboration

After a decade of operations, Lumitel has become the leading telecommunications provider in Burundi and one of the largest contributors to the Burundian government's budget, providing stable employment for over 60,000 workers and indirectly creating around 100,000 jobs.

Belarusian Deputy Prime Minister Anatoly Sivak speaks at the forum. (Photo: VNA)

Ample room remains for Vietnam - Belarus trade cooperation

To further develop the Vietnam-Belarus economic and trade relationship, it is essential to enhance trade promotion and investment initiatives such as trade fairs, forums, thematic workshops, and trade connections, which serve as an important bridge for businesses from both sides to meet, connect, and seek cooperation opportunities.

The 5th Exhibition of Ho Chi Minh City and Friendship Provinces and Cities in Savannakhet takes place from April 2 to 6. (Photo: VNA)

Vietnam, Laos boost trade at Savannakhet expo

Vice Governor of Savannakhet Saensak Soulisak highlighted the exhibition’s role in expanding trade collaboration, enabling businesses to connect, share experience, and explore investment prospects. He also noted its significance in promoting local products to a wider market.

Visitors at the exhibition (Photo: VNA)

Vietnam Expo 2025 opens, spotlighting digital transformation, innovation

This year’s edition, themed “Step together in a digitised world,” has attracted around 400 businesses from 18 countries and territories, with over 500 booths. Alongside traditional networking, it introduces online business-to-business (B2B) matching, enabling year-round connections.

Prime Minister Pham Minh Chinh speaks at the second meeting of the National Steering Committee for building the private economic sector development project (Photo: VNA)

Private sector encouraged to join major national programmes, projects

It must fully unleash the productive capacity and resources of the country through the private sector; mobilise all private resources for national development; harness the effectiveness of internal forces, including human, natural resources, history, and culture, while effectively combining them with external resources such as capital, technology, human resources, and management experience, he said.

At the annual Vietnam-Cambodia business dialogue in Phnom Penh on April 4 (Photo: VNA)

Annual Vietnam-Cambodia business dialogue held in Cambodia

The annual business dialogue in Cambodia attracted around 150 delegates, including Vietnamese businesses and Vietnamese-origin companies operating in Cambodia across various sectors such as finance, banking, insurance, telecommunications, agriculture, construction, interior design, food services, transportation, logistics, trade, healthcare, and tourism.