Vietnam exported fertiliser to the tune of US$173 million in March, up from US$85.43 million in February, a change of 102.04 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had exported US$360 million worth of fertiliser by the end of March.
Cambodia accounted for US$27 million worth of Vietnam’s fertiliser exports in March, up from US$11 million in February, a change of 140.54 percent. Year to date, Vietnam has shipped US$62 million worth of fertiliser to Cambodia.
The Philippines followed with US$15 million in March, up from US$7 million in February, a change of 128.57 percent. Year to date, exports to the Philippines reached US$28 million.
South Korea recorded US$10 million in March, up from US$6 million in February, a change of 84.31 percent. Year to date, Vietnam has shipped US$18 million worth of fertiliser to South Korea.
Thailand accounted for US$7 million in March, up from a low base in February, resulting in a 1,626.05 percent increase. Year to date, exports to Thailand totalled US$9 million.
Malaysia rounded out the top five with US$7 million in March, up from US$5 million in February, a change of 28.15 percent. Year to date, Vietnam has shipped US$21 million worth of fertiliser to Malaysia.
Learn more about manufacturing in Vietnam→
Listed fertiliser companies
Key fertiliser firms listed on the Vietnam stock exchange include:
PetroVietnam Ca Mau Fertilizer JSC (DCM)
PetroVietnam Ca Mau Fertilizer JSC (DCM) produces and sells urea and other nitrogen-based fertilisers for agriculture. (DCM)
In March, DCM shares moved from 42.95 to 48.30, a change of 5.35 (12.46%).
Foreign ownership moved from 2,294,032.91 to 2,095,804.52, a change of -198,228.39 (-8.64%).
PetroVietnam Fertilizer and Chemicals Corporation (DPM)
PetroVietnam Fertilizer and Chemicals Corporation (DPM) produces urea and chemical fertilisers under the Phu My brand. (DPM)
In March, DPM shares moved from 27.60 to 29.85, a change of 2.25 (8.15%).
Foreign ownership moved from 3,016,008.35 to 2,990,740.07, a change of -25,268.28 (-0.84%).
Thuan Duc Joint Stock Company (TDP)
Thuan Duc Joint Stock Company (TDP) produces and trades plastic packaging and industrial sacks for cement and fertiliser producers. (TDP)
In March, TDP shares moved from 29.05 to 29.35, a change of 0.30 (1.03%).
Foreign ownership moved from 446,740.00 to 473,944.38, a change of 27,204.38 (6.09%).
Southern Fertilizer JSC (SFG)
Southern Fertilizer JSC (SFG) manufactures and trades fertilisers, chemicals, and agricultural materials. (SFG)
In March, SFG shares moved from 10.55 to 10.50, a change of -0.05 (-0.47%).
Foreign ownership was unchanged.
Viet Fumigation JSC (VFG)
Viet Fumigation JSC (VFG) provides agricultural protection services, including fumigation, pest control, and fertiliser distribution. (VFG)
In March, VFG shares moved from 53.60 to 49.20, a change of -4.40 (-8.21%).
Foreign ownership moved from 204,629.46 to 204,685.46, a change of 56.00 (0.03%).
Tay Ninh Seed JSC (TSC)
Tay Ninh Seed JSC (TSC) researches, produces, and trades agricultural seeds, fertilisers, and chemicals. (TSC)
In March, TSC shares moved from 2.83 to 2.53, a change of -0.30 (-10.60%).
Foreign ownership was unchanged.
Duc Giang Chemicals Group JSC (DGC)
Duc Giang Chemicals Group JSC (DGC) manufactures and exports industrial chemicals, phosphorus, and fertilisers across Asia and Europe. (DGC)
In March, DGC shares moved from 73.80 to 50.20, a change of -23.60 (-31.98%).
Foreign ownership moved from 1,553,948.13 to 1,627,688.90, a change of 73,740.77 (4.75%).
Explore opening a trading account in Vietnam→
Vietnam fertiliser news
Recent developments in fertiliser in Vietnam include:
Fertiliser imports March
Vietnam imported fertilisers to the tune of US$148 million in March, up from US$81 million in February, a change of 82.46 percent, according to preliminary data from Vietnam’s General Department of Customs. Read more→
Fertiliser prices
Vietnam fertiliser prices are rising before peak planting season, driven by Middle East supply disruptions.
Despite tightening supply signals, the article notes that Vietnam still exports fertiliser due to a structural surplus capacity.
It also says firms are prioritising exports to capture higher global prices. Read more→
See the latest Vietnam news headlines→
Vietnam’s fertiliser industry
Vietnam’s fertiliser industry is closely tied to global commodity cycles, particularly natural gas, coal, and key nutrient inputs such as potash and phosphate.
Domestic production is led by state-linked and large private players, with output supplemented by imports to meet agricultural demand across rice, coffee, and industrial crops.
Export flows are concentrated within Southeast Asia and Northeast Asia, with volumes shifting in response to regional planting cycles and price competitiveness.
Find out about starting a business in Vietnam→
The data
Vietnam exports of fertiliser in March, 2026 US$m
| March | February | MoM | YTD | |
| Total | 172.60 | 85.43 | 102.04% | 360.16 |
| Other | 94.43 | 50.31 | 87.68% | 197.80 |
| Cambodia | 27.40 | 11.39 | 140.54% | 62.00 |
| Philippines | 15.40 | 6.74 | 128.57% | 27.50 |
| South Korea | 10.24 | 5.56 | 84.31% | 18.03 |
| Thailand | 7.33 | 0.42 | 1626.05% | 8.96 |
| Malaysia | 6.95 | 5.42 | 28.15% | 21.05 |
| Myanmar | 4.56 | 3.78 | 20.61% | 12.97 |
| Laos | 3.93 | 1.04 | 278.84% | 7.42 |
| Mozambique | 0.00 | 0.00 | 243.65% | 1.26 |
| Japan | 0.74 | 0.39 | 87.34% | 1.68 |
| Taiwan | 0.65 | 0.09 | 622.47% | 1.49 |