Source: vov news
Vietnam spent over US$1 billion importing fertilizer and crop protection chemicals in the past 8 months of this year, according to the Ministry of Agriculture and Rural Development.
From now until 2020, Vietnam will have to import over 500,000 tonnes of fertilizer, including urea, DAP and kali, each year.
The country annually needs 7-8 million tonnes of fertilizer but domestic production currently meets just 50 percent of market demand.
This will end in 2020 when domestic production is expected to finally meet market demand.