Adjusting export tax rates on fertilisers was put into consideration in light of the fact that prices of fertilisers on the global and domestic market kept increasing rapidly.
The Ca Mau NPK fertiliser manufacturing plant with a capacity of 300,000 tonnes per year is expected to become operational in the second quarter of the year, according to PetroVietnam Ca Mau Fertiliser Joint Stock Company (PVCFC).
Many businesses involved in fertiliser production and trading complain
that they face difficulties in obtaining a Certificate of Conformity for
their products as required under Decree No 202/2013/ND-CP that took
effect in February last year.
As a large agricultural producer, Viet Nam has much demand for
fertilisers and plant protection chemicals, offering much opportunity
for companies in the field.
PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo) yesterday
signed the EPC Contract (Engineering, Procurement, Construction and
Commissioning) with an international contractor consortium to revamp the
Phu My NH3 and NPK complex.
The local fertiliser market will face intense competition this year due
to oversupply and cheap fertilisers being imported from China, according
to the Ministry of Agriculture and Rural Development.
The Petroleum Fertiliser and Chemicals Company (PVFCCo) plans to build a
factory capable of manufacturing approximately 250,000 tonnes of NPK
fertiliser per year.
The Petroleum Fertiliser and Chemicals Company (PVFCCo) plans to build a
factory capable of manufacturing approximately 250,000 tonnes of NPK
fertiliser per year.
Viet Nam produces more than eight million tonnes of fertilisers a year,
meeting 80 per cent of demand, according to the Ministry of Industry and
Trade.