EXHIBIT VISTT

VIETNAM MARKET

According to the investigation during the CHEMVINA in several years, Compound fertilizers, Aquaculture Fertilizers, water soluble fertilizers are more and more popular, and get more purchasing intentions.


Vietnam is a traditional agriculture country, the agricultural population accounts for about 75% of the total population. Cultivated land and forest land accounted for 60% of the total area, at present agriculture in national economy of Vietnam is about 15% of GDP.


Along with the development of economy and agricultural modernization, it further increased the Vietnam market demand for fertilizers, because of technical limitations and the reason of history, the Vietnam currently cannot achieve fertilizer self-sufficiency, needs to import a lot of chemical fertilizer products from abroad every year. China is the most important chemical fertilizer importer of Vietnam.

Aquaculture development in recent years Vietnam booming rapidly, now Vietnam aquatic products export ranked seventh in the world. For with the rapid development of aquaculture, the growth of aquaculture fertilizer demand is expected to maintain an average annual 15.85% growth.