Manila — The Philippine Department of Agriculture (DA) is in discussions to form a partnership with Vietnam's Binh Dien Fertilizer Joint Stock Co., one of the largest fertilizer producers in Vietnam, to enhance agricultural productivity in the Philippines. This potential collaboration aligns with efforts to improve local crop yields through advanced fertilization technologies.
According to Philippines News Agency, who recently visited Binh Dien's facility in Hanoi on July 6, a distribution agreement is currently being negotiated. "We have high expectations following our visit to Binh Dien's factory. Their management and technical team's expertise is impressive and much needed in the Philippines," Laurel stated. He emphasized the benefits of partnering with Binh Dien, noting that the Philippines could greatly benefit from the firm’s advanced technology and agricultural expertise.
The partnership could involve Binh Dien not only supplying fertilizer to the Philippines but also potentially establishing manufacturing operations within the country as part of its international expansion strategy. Binh Dien is known for its significant production capacity, producing one million metric tons of NPK fertilizer annually, which accounts for 30 percent of Vietnam’s total fertilizer needs.
The relationship between the Philippines and Vietnam extends beyond agriculture, as Vietnam is also a major exporter of rice to the Philippines, with a five-year trade agreement to supply two million metric tons of white rice.