To help global NPK fertilizer manufacturers, exporters, fertilizer distributors, and traders efficiently expand into the Vietnamese market, the analyst has released the "Vietnam NPK Fertilizer Import Guide 2023-2026." The guide provides an overview of the Vietnamese NPK fertilizer industry, import market, and import company information for the period.
The types of importing companies are diverse, including large agricultural groups, regional distributors, fertilizer traders and key end buyers etc. This guide features the top 10 importing companies, including company profiles, contact information, and important information such as import volume, value, price, import resources, and major suppliers for 2023-2026 (including Excel data source).
The publication of the "Vietnam NPK Fertilizer Import Guide 2023-2026" aims to provide NPK fertilizer exporters with precise customer acquisition channels, helping them expand into the Vietnamese market more efficiently. It also provides valuable decision-making insights for international trading companies and investment institutions, helping them optimize their regional supply chain strategies.
NPK fertilizer is widely used in the cultivation of crops such as rice, coffee, pepper, rubber, fruits, and vegetables. It is an important input for increasing yield and improving soil structure.
As Vietnamese agriculture shifts from traditional extensive farming to a high-value-added, export-oriented model, farmers' demand for compound fertilizers, specialized fertilizers, and high-efficiency fertilizers is constantly increasing. This is driving the upgrading of NPK products from low-end blended fertilizers to high-concentration, functional, and customized products.
Vietnam has a large number of NPK production enterprises, including state-owned or large chemical groups, as well as numerous small and medium-sized private blending companies. In recent years, large enterprises have enhanced their market competitiveness by improving automation levels, developing specialized crop-specific fertilizer formulations, and strengthening brand building.
NPK production relies heavily on imports for essential components such as urea, ammonium phosphate, and potassium chloride, with a particularly high dependence on imported potash resources. Therefore, the industry's costs are significantly affected by fluctuations in international commodity prices.
Overall, the market demand for NPK fertilizer is solid in Vietnam, but competition is fierce. Companies with advantages in technology, brand, and distribution channels will have greater long-term development potential.
According to analysis, Vietnam's NPK fertilizer import market is primarily for structural supplementation rather than large-scale replacement of domestic production. Imported products are typically concentrated in high-end compound fertilizers, water-soluble fertilizers, specialty crop fertilizers, and high-potassium or special functional products, used to supplement the insufficient domestic production capacity of low- and mid-range blended fertilizers.
According to statistics, in 2024, approximately 140 buyers in Vietnam imported NPK fertilizer, totaling US$226 million, an increase of 46.0% year-on-year. In 2025, Vietnam's total NPK fertilizer imports reached US$272 million, a 20.4% increase compared to the same period in 2024.
Russia is Vietnam's largest source of NPK fertilizer imports.
According to analysis, Russia, Norway, and South Korea are the top three sources of Vietnam's NPK fertilizer imports, accounting for approximately 57.1%, 12.6%, and 7.9% of total imports respectively in 2025.
The analyst predicts that, influenced by factors such as the rapid development of Vietnam's agriculture and insufficient domestic supply, Vietnam's NPK fertilizer imports will continue to rise steadily in the coming years.
At the same time, the government has strengthened its supervision of fertilizer quality and rectified low-end blended products. This is beneficial for foreign companies with technological and brand advantages to enter the mid-to-high-end market.
The types of importing companies are diverse, including large agricultural groups, regional distributors, fertilizer traders and key end buyers etc. This guide features the top 10 importing companies, including company profiles, contact information, and important information such as import volume, value, price, import resources, and major suppliers for 2023-2026 (including Excel data source).
The publication of the "Vietnam NPK Fertilizer Import Guide 2023-2026" aims to provide NPK fertilizer exporters with precise customer acquisition channels, helping them expand into the Vietnamese market more efficiently. It also provides valuable decision-making insights for international trading companies and investment institutions, helping them optimize their regional supply chain strategies.
Industry Overview
NPK fertilizer is a highly market-oriented and diversified segment of Vietnam's fertilizer industry, characterized by stable demand, fragmented competition, and structural upgrading.NPK fertilizer is widely used in the cultivation of crops such as rice, coffee, pepper, rubber, fruits, and vegetables. It is an important input for increasing yield and improving soil structure.
As Vietnamese agriculture shifts from traditional extensive farming to a high-value-added, export-oriented model, farmers' demand for compound fertilizers, specialized fertilizers, and high-efficiency fertilizers is constantly increasing. This is driving the upgrading of NPK products from low-end blended fertilizers to high-concentration, functional, and customized products.
Vietnam has a large number of NPK production enterprises, including state-owned or large chemical groups, as well as numerous small and medium-sized private blending companies. In recent years, large enterprises have enhanced their market competitiveness by improving automation levels, developing specialized crop-specific fertilizer formulations, and strengthening brand building.
NPK production relies heavily on imports for essential components such as urea, ammonium phosphate, and potassium chloride, with a particularly high dependence on imported potash resources. Therefore, the industry's costs are significantly affected by fluctuations in international commodity prices.
Overall, the market demand for NPK fertilizer is solid in Vietnam, but competition is fierce. Companies with advantages in technology, brand, and distribution channels will have greater long-term development potential.
Import Market Overview
The import market for NPK fertilizer is growing rapidly in Vietnam.According to analysis, Vietnam's NPK fertilizer import market is primarily for structural supplementation rather than large-scale replacement of domestic production. Imported products are typically concentrated in high-end compound fertilizers, water-soluble fertilizers, specialty crop fertilizers, and high-potassium or special functional products, used to supplement the insufficient domestic production capacity of low- and mid-range blended fertilizers.
According to statistics, in 2024, approximately 140 buyers in Vietnam imported NPK fertilizer, totaling US$226 million, an increase of 46.0% year-on-year. In 2025, Vietnam's total NPK fertilizer imports reached US$272 million, a 20.4% increase compared to the same period in 2024.
Russia is Vietnam's largest source of NPK fertilizer imports.
According to analysis, Russia, Norway, and South Korea are the top three sources of Vietnam's NPK fertilizer imports, accounting for approximately 57.1%, 12.6%, and 7.9% of total imports respectively in 2025.
The analyst predicts that, influenced by factors such as the rapid development of Vietnam's agriculture and insufficient domestic supply, Vietnam's NPK fertilizer imports will continue to rise steadily in the coming years.
Overview of Foreign Investment in Vietnam's NPK Fertilizer Industry
Investment Background
Vietnam is a typical agricultural country with extensive cultivation areas for rice, coffee, pepper, rubber, and fruit, resulting in a long-term and stable demand for compound fertilizers, especially customized NPK fertilizers. In recent years, Vietnamese agriculture has been transitioning towards high value-added and export-oriented models, leading to a continuous increase in demand for specialized formula fertilizers, functional fertilizers, and high-concentration compound fertilizers.At the same time, the government has strengthened its supervision of fertilizer quality and rectified low-end blended products. This is beneficial for foreign companies with technological and brand advantages to enter the mid-to-high-end market.
Investment Advantages
- Political stability and rapid economic development. The Vietnamese government has strong governing capabilities, consistent policies, and a focus on economic development and improving people's livelihoods.
- Relatively low labor costs.
- Strategically located in the eastern part of the Indochina Peninsula, with a 3,260-kilometer coastline and numerous ports, transportation is convenient.
- Relatively relaxed policies and regulations provide foreign investors with comprehensive legal protections and generous preferential policies.
- Vietnam has a high level of openness to the outside world, with 19 free trade agreements signed or in progress. Investors can use platforms such as RCEP and the China-ASEAN Free Trade Area to explore a broader international market.
Investment Regulations
According to Vietnam's Investment Law and other regulations, fertilizer production is a conditional investment sector in Vietnam, but there are no absolute restrictions on foreign investment. Foreign investors can establish wholly foreign-owned enterprises or joint ventures with local companies in accordance with the Investment Law and the Enterprise Law. NPK compound fertilizer production enterprises must comply with the Fertilizer Management Regulations and relevant technical standards, obtain a production license, and meet environmental approval (Environmental Impact Assessment Report, EIA) requirements.Guide Highlights:
- Comprehensive Coverage:
- Detailed Information:
- Product Focus:
- Efficient Connectivity:
- Market Value:
Table of Contents
1 Industry Overview
2 Import Market Overview
3 Overview of Importers (2023-2026)
4 List of the Top 10 Importers in 2026
5 Suggestions of Investment and Cooperation
List of Charts
Companies Mentioned
- Thuy Ngan Trading Company Limited.
- Yara Vietnam Co. Ltd.
- Viet Hoa Nong Co. Ltd
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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