Vietnam's fertilizer exports hit a record high

Recently, the General Administration of Customs of Vietnam announced that as of October this year, the country had exported a total of 1.
5 million tons of fertilizer, an increase of 45% year-on-year; Valued at $973 million, up nearly 160% year-over-year and a record high
.

Among the export destinations, Cambodia is the largest buyer of Vietnamese fertilizers, accounting for 28.
2% of total exports and 22.
5%
of total revenue.

A person in charge of the Vietnam Fertilizer Association said that the positive development of the global fertilizer market is an important factor
in the surge in fertilizer exports and sales in Vietnam.
The chief expects Vietnam to generate more than $1 billion in
revenue from fertilizer exports this year.
Vietnam Oil Company Ca Mau Fertilizer said earnings from its fertilizer business increased fourfold compared to the same period last year, exceeding its full-year plan by 6.
4 times
.
Vietnam Petrochemical Fertilizer & Chemical Company achieved an after-tax profit of about VND 4,460 billion in the first 9 months of this year, three times that of 2021 and exceeding the full-year target by 30%.