The Ministry of Industry and Trade (MoIT) has decided to extend the imposition of safeguard measures on several imported fertilisers for the next two years.
On March 7 the Ministry of Industry and Trade issued Decision No 686/QD-BCT with safeguards against the import of diammonium phosphate and monoammonium phosphate fertilisers.
The country had spent US$1.12 billion in importing 2.94 million tonnes
of fertiliser over the past eight months, or a yearly increase of 28 per
cent in value and 12 per cent in volume, according to the General
Department of Customs.
