Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade ETHUSD, Bitcoin and Cryptocurrencies

BUY & SELL ETHUSD | View ETHUSD News & Updates


Buy Sell ETHUSD, Bitcoin and Cryptocurrencies

Vietnam to allow license-free export of fertilizer   2009-09-20 - Thanh Nien, Agencies

 
 
Two workers at a fertilizer warehouse in Vietnam's Mekong Delta  
Vietnam’s fertilizer exporters will no longer need to seek government approval every time they want to ship their products abroad as the country plans to develop a market-based trading system for the sector.

 

The Ministry of Industry and Trade is expected to abolish its licensing system no later than October, giving freedom to local fertilizer producers and exporters in terms of their shipments, Vietnam News Agency reported Sunday, citing Vietnam Fertilizer Association Secretary General Nguyen Hac Thuy.

Thuy said as the domestic fertilizer market has been completely driven by supply and demand, the government only regulates the market mechanism via tax policies.

He said local producers have increased their output and are now able to meet domestic needs for some kinds of fertilizer like FMP and NPK. Although the 2009-2010 winter-spring rice crop has not begun yet, enough fertilizer for the crop has been stocked by producers and importers.

Vietnam may stop importing fertilizer from 2020 when domestic output is expected to meet the country’s demands, the Vietnam Economic Times reported last month, citing information from the agricultural ministry.

The country requires about 7.5 million to 8 million metric tons of fertilizer a year while current local production is just half of this quantity.

Last December, the Ministry of Finance abolished export duties on fertilizer, a month after local producers requested assistance in clearing their stockpiles



Other news

Meat rots in city ports as safety rules scare importers   2009-09-20

Vietnam maintains FDI growth despite crisis   2009-09-20

Eximbank wins approval to list on HCMC bourse   2009-09-20

Not spooked by Indochina liquidation, VN-Index rises above 550   2009-09-20

Workers scarce as production picks up   2009-09-20

Vietnam cement makers seek halt to new licenses on surplus fear   2009-09-20

Vietnam cement makers seek halt to new licenses on surplus fear   2009-09-20

BUSINESS IN BRIEF 20/9   2009-09-20

Industrial ‘city’ proposed for Dung Quat Economic Zone   2009-09-20

Indochina Airlines: debt payment agreed and we’ll lease another aircraft   2009-09-20

Tra fish crisis watch   2009-09-20

Businesses to be taught benefits of clean and green production   2009-09-20

Chinese bank to fund shipyard expansion, power plant   2009-09-19

ANZ Vietnam to double its capital   2009-09-19