Business
Ministry: fertilizer supply forecast to exceed demand by 2015
  • | SGGP | October 22, 2010 01:26 PM

Vietnam’s production capacity of fertilizer is forecast to execeed demand by 2015 as many more fertilizer plants would start operations between 2012 and 2014, according to the Ministry of Agriculture and Rural Development.

Phu My Urea Fertilizer Plant

Ha Bac Fertilizer Plant with capacity of 180,000 tons per year and Phu My Urea Fertilizer Plant with capacity of 800,000 tons are currently operating. Their supply is under the country\'s demand, which is about 1.7-2 million tons per year.

However, by 2015 the total production capacity will be 3.5 times higher than the current level, the ministry said.

Between 2012 and 2014, many fertilizer plants will start operations including Ca Mau Fertilizer Plant with capacity of 800,000 tons per year, Ninh Binh Fertilizer Plant with 560,000 tons per year, and Cong Thanh Fertilizer Plant with 560,000 tons.

Moreover, Ha Bac Fertilizer Plant will be upgraded to increase its supply, projected at 500,000 tons per year by 2014.

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