Vietnam needs 9.9 million tons of fertilizer this year

Sinochem Xinhua According to the Vietnam Customs News reported on January 10th, the Ministry of Agriculture and Rural Development of Vietnam recently stated that in 2012, the demand for fertilizer in Vietnam was around 9.9 million tons. Among them, urea was 2 million tons, biological nitrogen fertilizer (SA) 710,000 tons, potash 920,000 tons, diammonium phosphate (DAP) 950,000 tons, compound fertilizer 3.5 million tons, and phosphate fertilizer 1.8 million tons. The domestic production capacity in Vietnam is 7.25 million tons, and only SA, potassium and diammonium phosphate are imported. The Vietnam Fertilizer Association stated that in the future, several nitrogen fertilizer projects in Ninh Binh, Jin Ye, and Hebei (enhanced energy projects) in Vietnam will add 1.5 million tons of urea each year. Fertilizer companies such as Pingtian Chemical Fertilizer Co., Ltd., Chemical Fertilizers, and Oil & Gas Chemicals Corp. will also increase the production capacity of chemical fertilizers in Vietnam.