Free trade agreements (FTA), including the latest one signed between Việt Nam and the EU, will benefit the domestic fertiliser sector, with more diverse import and export markets, experts said.
A backlog of violations needs to be dealt with firmly, interest groups disbanded and strict, heavy punishments handed out to deal with the production of fake fertilisers in the country, officials said at an online meeting on Friday.
It is time to increase the production and use of organic fertilisers to foster organic farming, according to the Việt Nam Fertiliser Association.
The imposition of temporary safeguard duties on DAP and MAP fertiliser imports into Việt Nam, which came into effect on August 19, is an effort to help protect the domestic fertiliser industry but might push up production costs for farmers.
The Plant Protection Department is set to issue a new decree on fertiliser management to encourage legitimate producers and eradicate fake products, which are widepsread.
The Ministry of Industry and Trade has mapped out next year’s development plan for the industrial sector and forecast an 8 per cent rise in industrial production, against this year.