PetroVietnam eyes to export 300,000 tonnes fertilisers to ASEAN

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Publish time: 27th August, 2012      Source: www.cnchemicals.com
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August 27, 2012

   

   
PetroVietnam eyes to export 300,000 tonnes fertilisers to ASEAN
   
   

   

In the next few years, PetroVietnam Fertiliser & Chemical Corporation, targets to ship 300,000 tonnes of fertilisers to ASEAN's markets annually.

   

   

The firm opened a branch in Cambodia last year and plans to open a representative office in Myanmar this year to facilitate its exports, said Nguyen Hong Vinh, a firm's deputy director.

   

   

In the first half of this year, the firm exported 50,000 tonnes of fertiliser to Cambodia, the Philippines and Myanmar.

   

   

Vietnam had a geographical advantage over major producers in the Middle East and Baltic regions, and domestic fertiliser producers should turn that edge into an opportunity to enlarge their market share in ASEAN countries, he said.

   

   

However, there were obstacles to increasing market share in neighbouring countries. For example, his company faces fierce competition from Chinese companies in selling fertilisers in Myanmar, where local production meets 10% of its demand.

   

   

The poor banking system in Myanmar is another problem, posing high risk for the business, Vinh added.

   

   

Vietnam's urea fertiliser output is expected at 2.36 million tonnes and local producers are encouraged to export this material since the local demand is only about 1.8 million tonnes.