Vietnam spends over VND52 billion on daily imports of pesticides
VOV.VN - Vietnam spends more than VND52 billion importing pesticides every day, with more than 50% of that money going to China, according to the latest statistics from the General Department of Vietnam Customs.
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It’s noteworthy that eco-friendy pesticides are incapable of competing with Chinese products in terms of price due to the price subsidy policies, and the presence of counterfeit brands and packaging of foreign products.
The Plant Protection Department under the Ministry of Agriculture and Rural Development reports that Vietnam has around 1,700 pest control chemicals used in 4,080 products.
However, in addition to pesticides, the agricultural industry has to import fertilisers from other countries. Up to the end of March, Vietnam imported more than 940,000 tons of fertiliser worth over US$262 million, of this, 309,000 tons were bought from China at a value of US$78 million.