Local fertiliser producers are facing obstacles from the State’s regulations on procuring production licences, producers said at a recent meeting held in HCM City to discuss the regulations.
HCM City (VNA)𒁏 - Local fertiliser producers are facing obstacles from the State’s regulations on procuring production licences, producers said at a recent meeting held in HCM City to discuss the regulations.
The producers said that some regulations in Decree 202/2013/NĐ-CP on management of fertilisers and Circular 41/2014/TT-BNNPTNT regarding implementation of the decree have created numerous difficulties for local fertiliser makers, leading to a temporary halt in production at some factories.
The Ministry of Agriculture and Rural Development’s Cultivation Department said at the meeting on March 10 that since the new rules came into effect, the department has received applications for licences from 140 fertiliser producers, but most of these applications did not meet the requirements.
The biggest obstacle faced by most of the enterprises was that they were unable to meet workforce requirements, the department said. Therefore, until now, only 21 producers have been granted licences.
According to the new regulations, to procure a licence, the company must have production managers and technicians with professional skills in the chemical, physical and biological fields. However, not many local fertiliser producers have met these requirements.
Some other enterprises said at the meeting that the new regulations are for enterprises with available facilities but are a challenge for new fertiliser producers.
Since new producers are unsure about receiving a licence they are hesitant about investing capital into machinery, building a factory and developing a laboratory, the enterprises said.
Phan Duy Duc, Director of the Hieu Giang Fertiliser Limited Company, said that they may have to close down their factory due to the numerous changes in regulations.
The company will need another year to adapt to the new regulations, he said.
The State should create favourable conditions for local fertiliser producers to develop during the period of integration into the world economy and compete with rivals from China, Thailand and Laos, Duc said.
Nguyen Nhu Cuong, Deputy Director of the Cultivation Department, said that he would collect all opinions from the local fertiliser producers at the meeting and report to the ministry about solving their difficulties in implementing those regulations.
He also said that local fertiliser producers should contact the department directly to implement procedures for getting production licences.-VNA
PetroVietnam Fertiliser and Chemicals Corporation (PVFCCo) on June 7 signed the EPC Contract with an international contractor consortium to revamp the Phu My NH3 and NPK complex.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.