Ho Chi Minh City-based Que Lam Group has inaugurated its bio-organic fertiliser plant, built at a cost of 500 billion VND (21.54 million USD), in the northern province of Vinh Phuc.
The plant - the largest of its kind in the north - provides 250,000 tonnes of organic fertiliser each year.
Covering 4 hectares, the plant - the largest of its kind in the northern region – has an annual production capacity of 250,000 tonnes of fertiliser.
The Que Lam Group’s General Director Nguyen Thanh Vinh said the plant is developed to meet the rising demand for quality organic fertiliser products in 25 northern provinces and cities. It is also the second plant of his company in Binh Xuyen district.
Minister of Agriculture and Rural Development Nguyen Xuan Cuong described the launch of the plant as good news for the country’s farming industry which is under a restructuring process towards a ‘green, clean, safe and sustainable’ sector.
He called on the Que Lam Group and other firms to accompany the State to overcome current challenges and improve the value of their farm produce in global supply chains.
The Que Lam Group is among the leading firms producing and trading organic fertiliser. It is now operating eight organic fertiliser plants across Vietnam, providing 500,000 tonnes of products each year.
The company aims to produce 1.5 million tonnes of organic fertiliser by 2020, two million tonnes by 2025 and 3.5 million tonnes by 2035.
Vietnam’s agricultural sector uses 11 million tonnes of fertilisers, only 8 percent of which is organic, according to the Ministry of Agriculture and Rural Development.
The ministry said fertiliser plays a key role in farming. Vietnam has 10 million hectares of farmland. Organic production covers only 43,000ha of land which means organic fertiliser has not been widely used.
If each hectare of farmland needs 10 tonnes of organic fertiliser, it is estimated Vietnam needs 100 million tonnes of organic fertiliser to have safe products, recover soil and protect the environment.