Vietnam to promote exports of organic fertilisers

The Ministry of Agriculture and Rural Development has set targets to increase the use of organic fertilisers by the end of next year.

Vietnam to promote exports of organic fertilisers
A field of rice grown using organic fertiliser in the southern province of Long An.

It aims for the country to export half a million tonnes of the natural alternative and for the domestic market to consume three million tonnes by the end of 2020.

The target was announced at a conference on August 28 in Hanoi about producing, using and improving organic fertilisers.

Minister of Agriculture and Rural Development Nguyen Xuan Cuong said the target was attainable because Vietnam was on track to export about 100,000 tonnes of organic fertilisers this year.

Vietnam has exported organic fertilisers to 35 countries so far, with the amount increasing year by year.

Last year, as many as 24 enterprises exported 86,000 tonnes, seven times more than in 2015.

Cuong said Vietnam had great potential due to its raw materials resources.

Each year, the agricultural sector produces about 40 million tonnes of straw, sugarcane and maize dregs, more than 25 million tonnes of livestock and poultry droppings and 4.6 million tonnes of rice husks. The country has about 36,000 tonnes of brown coal in mines.

If the country could make use of these raw materials, pollution in rural areas would be reduced, said Cuong.

“Vietnam should change to a smart, clean and organic agriculture model and consider it an indispensable trend,” said Cuong.

 

Nguyen Dinh Hac Thuy, chairman of the Fertiliser Association of Vietnam, agreed, saying that with efforts from the central to grassroots level, the country has set up a foundation for organic production.

More than 2,400 organic fertiliser products are in circulation in Vietnam, 3.5 times more than in 2017.

Many organic fertiliser plants were equipped with modern production lines to make high-quality products, said Thuy.

Cuong proposed completing policies related to organic fertilisers by finalising the Law on Cultivation and preferential policies for enterprises investing in agriculture and rural areas.

Hoang Trung, Director of the Plant Protection Department, said that over recent years, fertiliser management has been tightened with a system of laws and policies.

Quality standards were being compiled including laboratory supervision and fertiliser tests.

Trung said to promote quality organic products, experts should conduct studies on environmentally friendly fertiliser, improve the soil and give more training to improve farmers’ awareness of the long-term effect of organic solutions.

Nguyen Hong Lam, chairman of the Que Lam Group’s board of directors, said that to foster fertiliser production, it is most important to build customers’ trust.

If farmers avoid chemical fertilisers, they will have better health and clean agricultural products for consumers, said Lam.-VNS/VNA

 
 

Other News

.
Foreign investments might flow into Vietnam's stock market from the second half of 2021
Foreign investments might flow into Vietnam's stock market from the second half of 2021
BUSINESSicon  07/04/2021 

Bao Viet Securities Company (BVS) expects Vietnam's stock market might attract up to US$1.4 billion from index tracking funds, if Vietnam is officially upgraded to a secondary emerging market by FTSE.

Investors of renewable energy projects to be chosen through bidding
Investors of renewable energy projects to be chosen through bidding
BUSINESSicon  07/04/2021 

Investors of renewable energy development projects will be chosen through competitive tenders and they will set the minimum selling price of the output of their projects.

Thousands of hectares of industrial zones approved in first quarter
Thousands of hectares of industrial zones approved in first quarter
BUSINESSicon  07/04/2021 

Dozens of industrial zone projects in 13 cities and provinces covering have been approved in the first quarter, promising thousands of hectares of new space for investors over the coming years.

HCM City approves 8 projects to boost industry, trading, e-commerce, exports
HCM City approves 8 projects to boost industry, trading, e-commerce, exports
BUSINESSicon  07/04/2021 

The HCM City Department of Industry and Trade said eight key projects have been approved by the city government to promote the industry, trading, e-commerce, and exports and facilitate goods transport.

Korean conglomerate buys 16.3 percent stake in Vietnam's largest retailer
Korean conglomerate buys 16.3 percent stake in Vietnam's largest retailer
BUSINESSicon  06/04/2021 

Korean conglomerate SK Group said it will make a strategic investment in VinCommerce, Vietnam’s largest retailer, to tap into the fast-growing e-commerce segment in the Southeast Asian market, reported Yonhap News Agency.

Inflation not a source of concern for Vietnam: SSI
Inflation not a source of concern for Vietnam: SSI
BUSINESSicon  06/04/2021 

Vietnam’s consumer price index (CPI) is set to average 2.89% in 2021, below the government’s target of 4%.

Shares gain on bank and real estate stocks
Shares gain on bank and real estate stocks
BUSINESSicon  06/04/2021 

The market closed higher on Monday as a series of banking and real estate stocks surged, propelling the indices.

VIETNAM BUSINESS NEWS APRIL 6
VIETNAM BUSINESS NEWS APRIL 6
BUSINESSicon  06/04/2021 

Vietnamese fruit and vegetable sector targets export revenue of $10 billion

Capital market must work to invigorate SOEs
Capital market must work to invigorate SOEs
BUSINESSicon  05/04/2021 

Developing the capital market will help in promoting State Owned Enterprises (SOEs) to mobilize capital and reduce the proportion of commercial credit loans, and diversify in forms of mobilization to supplement capital.

Prices surge on stock market, VN Index reaches record high
Prices surge on stock market, VN Index reaches record high
FEATUREicon  05/04/2021 

Many new investors have made high profits after the stock market reached a record high.

Vuong leaves Vinmart, Quang takes over
Vuong leaves Vinmart, Quang takes over
BUSINESSicon  05/04/2021 

Billionaire Nguyen Dang Quang will build The CrownX into a $10 billion firm and change the name of VinMart to WinMart, which will follow a new operation model after Vingroup, owned by Pham Nhat Vuong, leaves.

Wind power: investors wait for PM’s decision on Feed-in-Tariff price
Wind power: investors wait for PM’s decision on Feed-in-Tariff price
FEATUREicon  06/04/2021 

The Feed in Tariff (FIT) price of VND2,000 per kwh will expire in seven months, but the price for the next period has not been fixed yet.

VIETNAM BUSINESS NEWS APRIL 5
VIETNAM BUSINESS NEWS APRIL 5
BUSINESSicon  05/04/2021 

Manufacturing, processing maintains strong growth in Q1

Da Nang warns about property speculators
Da Nang warns about property speculators
BUSINESSicon  05/04/2021 

The Da Nang Department of Natural Resources and Environment has warned that the tricks of several property speculators could drive up land prices in the central city after recent announcements of adjusted master planning.

Vietnam’s manufacturing sector strengthens in March
Vietnam’s manufacturing sector strengthens in March
BUSINESSicon  05/04/2021 

Vietnam’s manufacturing sector gained growth pace at the end of the first quarter, with marked increases in output, new orders and exports, leading to stronger rises in employment and purchasing activity, according to a report by tIHS Markit.

Vietnam earns $11bil from agricultural exports
Vietnam earns $11bil from agricultural exports
BUSINESSicon  05/04/2021 

In the first quarter, agricultural products such as rubber, tea, vegetables, cassava, shrimp and forestry products earned high export value, bringing total export turnover of agricultural products to nearly US$11 billion.

Field-mouse meat more expensive than pork, wild vegetables pricier than US beef
Field-mouse meat more expensive than pork, wild vegetables pricier than US beef
BUSINESSicon  05/04/2021 

The price of field-mouse meat in the Mekong Delta is now higher than that of pork. And in Hanoi, wild vegetables cost more than imported beef bacon, or 10 times more than chicken.

Tier system revamped for high-tech strategy
Tier system revamped for high-tech strategy
BUSINESSicon  05/04/2021 

Driven by its digital transformation strategy, Vietnam will set more favourable standards for high-tech businesses’ recognition from next month in a move to develop the country into a high-tech hub.

For natural development of the Mekong Delta
For natural development of the Mekong Delta
BUSINESSicon  04/04/2021 

Resolution 120 on sustainable development of the Mekong Delta issued three years ago has helped create “living with nature” methods as targeted.

Night businesses on Bui Vien Street suffer heavy losses
Night businesses on Bui Vien Street suffer heavy losses
BUSINESSicon  04/04/2021 

Business owners on Bui Vien pedestrian street in downtown Ho Chi Minh City are suffering from a lack of customers due to the impact of the COVID-19 pandemic.

 
 
 
Leave your comment on an article

OR QUICK LOGIN