Vietnam imported fertilisers to the tune of US$81 million in February, up from US$75 million in January, a change of 7.98 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$156 million worth of fertilisers by the end of February.
China accounted for US$33 million of Vietnam’s fertiliser imports in February. This was down from US$42 million in January, a change of 21.07 percent. Year to date, China has shipped US$75 million worth of fertilisers to Vietnam.
Russia followed with US$24 million worth of fertilisers shipped to Vietnam in February. This was up from US$2 million in January, a change of 1393.59 percent. Year to date, Russia has shipped US$25 million worth of fertilisers to Vietnam.
Saudi Arabia contributed US$7 million worth of fertilisers to Vietnam in February, with no fertiliser imports from the Gulf state in January.
Laos accounted for US$5 million worth of Vietnam’s fertiliser imports in February. This was down from US$7 million in January, a change of 36.54 percent. Year to date, Laos has shipped US$12 million worth of fertilisers to Vietnam.
Norway rounded out the top five with US$2 million worth of fertilisers exported to Vietnam in February. This was up from US$1 million in January, a change of 40.11 percent. Year to date, Norway has shipped US$3 million worth of fertilisers to Vietnam.
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Listed fertilizers companies
Key fertiliser firms listed on the Vietnam stock exchange include:
Binh Dien Fertilizer JSC (BFC)
Binh Dien Fertilizer JSC (BFC) manufactures and trades fertilizers and related agricultural inputs. (BFC)
In February, BFC shares moved from 47.70 to 73.60, a change of 25.90 (0.54 percent). Foreign ownership moved from 283,530.75 to 280,470.75, a change of -3,060.00 (-0.01 percent).
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 February, DCM shares moved from 36.60 to 42.95, a change of 6.35 (0.17 percent). Foreign ownership moved from 2,386,209.52 to 2,294,032.91, a change of -92,176.61 (-0.04 percent).
PetroVietnam Fertilizer and Chemicals Corporation (DPM)
PetroVietnam Fertilizer and Chemicals Corporation (DPM) produces urea and chemical fertilisers under the Phu My brand. (DPM)
In February, DPM shares moved from 23.95 to 27.60, a change of 3.65 (0.15 percent). Foreign ownership moved from 3,127,583.91 to 3,016,008.35, a change of -111,575.56 (-0.04 percent).
Southern Fertilizer JSC (SFG)
Southern Fertilizer JSC (SFG) manufactures and trades fertilisers, chemicals, and agricultural materials. (SFG)
In February, SFG shares moved from 10.10 to 10.55, a change of 0.45 (0.04 percent). Foreign ownership was unchanged.
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Vietnam fertilizers news
Recent developments include:
Agriculture impacts fuel price rises
Vietnam’s agriculture ministry warned Middle East tensions could reduce agricultural, forestry and fishery exports by up to US$1 billion if the conflict lasts one month and by US$3–3.5 billion if it continues for three months.
Higher energy and fertiliser prices could raise agricultural production costs by about 3–5 percent.
Shipping costs may increase 25–35 percent while delivery times could lengthen by 7–14 days due to rerouted maritime transport, the article says. Read more→
See the latest Vietnam news headlines→
Vietnam’s fertilizers industry
Vietnam’s fertiliser industry plays a central role in supporting the country’s large agricultural sector, which produces rice, coffee, rubber, fruit and seafood for both domestic consumption and export.
Domestic production is dominated by nitrogen fertilisers such as urea and NPK compounds produced by state-linked firms, including PetroVietnam Fertiliser and Chemicals and PetroVietnam Ca Mau Fertiliser.
Despite significant local production capacity, Vietnam still imports large volumes of potash, ammonium sulphate and other specialised fertilisers due to limited domestic raw materials.
Demand for fertilisers is closely tied to crop cycles, global commodity prices and government policies aimed at stabilising agricultural output and food security.
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The data
Vietnam imports of fertilizers in February, US$m
| February | January | MoM | YTD | |
| Total | 80.94 | 74.95 | 7.98% | 155.96 |
| Other | 4.15 | 7.70 | -46.13% | 11.85 |
| China | 33.19 | 42.04 | -21.07% | 75.25 |
| Russia | 23.64 | 1.58 | 1393.59% | 25.22 |
| Saudi Arabia | 7.28 | 0.00 | 0.00% | 7.28 |
| Laos | 4.59 | 7.24 | -36.54% | 11.83 |
| Norway | 1.83 | 1.30 | 40.11% | 3.13 |
| Japan | 1.35 | 2.32 | -41.65% | 3.63 |
| South Korea | 1.19 | 3.67 | -67.58% | 4.83 |
| Belgium | 1.11 | 2.24 | -50.56% | 3.35 |
| Taiwan | 0.92 | 2.69 | -65.66% | 3.61 |
| Germany | 0.50 | 0.64 | -22.07% | 1.13 |
| USA | 0.30 | 0.72 | -57.51% | 1.02 |
| Thailand | 0.30 | 0.35 | -15.72% | 0.76 |
| Israel | 0.28 | 0.67 | -57.60% | 0.97 |
| Philippines | 0.09 | 0.06 | 37.88% | 0.15 |
| India | 0.08 | 0.24 | -66.37% | 0.33 |
| Malaysia | 0.08 | 0.09 | -5.37% | 0.17 |
| Canada | 0.06 | 0.11 | -47.82% | 0.16 |
| Belarus | 0.00 | 0.00 | 0.00% | 0.00 |
| Indonesia | 0.00 | 1.30 | -100.00% | 1.30 |