Businesses earn hundreds of million USD a year from pesticidesVietNamNet Bridge - With a huge consumption level of 50,000 tons a year, the Vietnamese plant protection product market is a fertile area for domestic and foreign companies. With a huge consumption level of 50,000 tons a year, the Vietnamese plant protection product market is a fertile area for domestic and foreign companies. The figures were $411 million in 2014 and $376 million in 2015.However, according to the Plant Protection Agency, the figures are just the ‘tip of the iceberg’. The revenue from pesticide sales was very encouraging at VND4.1 trillion, VND347 billion a month.But Loc Troi is not alone. Pesticides was were of the 10 biggest import items from China in the month.In the last three years, Vietnam spent hundreds of millions of dollars to import Chinese pesticides.

Source: VietNamNet News August 05, 2016 07:07 UTC