Vietnam is spending VND20.5 billion (US$906,000) on importing pesticides from China a single day, the Ministry of Industry and Trade reported.
|A famer spaying pesticide at his rose garden in the outskirts of Hanoi (Photo: SGGP)|
The country’s import turnover of this item in October increased over 48 percent against the previous month to $73.3 million.
China was the largest market supplying 47.5 percent of the total import turnover of Vietnam with the value hitting $273.2 million during the first ten months this year.
Mr. Nguyen Xuan Hong, former head of the Plant Protection Department under the Ministry of Agriculture and Rural Development, said that 85-90 percent of import volume has been from China recently. It is the largest pesticide supplier in the world accounting for 40 percent.
Vietnamese businesses have imported pesticides for sales and mixture to bottle and packaged for export. Besides China, they have purchased pesticide products and materials from Germany and Singapore.