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This report provides an unofficial translation of Vietnam's Government Decree 120/2024, issued on September 30, 2024.

Growth in the agricultural sector slowed in the first nine months of 2024 due to extreme weather, particularly Typhoon Yagi, which severely affected crop cultivation and livestock farming.

Vietnam’s food retail market consisted of over 665,000 outlets generating sale revenue of $55 billion in 2023, up four percent compared to 2022. Although the global economic downturn has slowed growth, key retailers remain optimistic about the potential of Vietnam's retail market.

Post maintains Vietnam’s soybean meal consumption forecast for the marketing year (MY) 2023/24 at 5.85 million tons, aligned with feed consumption. It expects consumption to rise to 6.1 million tons in 2024/25 due to increased demand for animal and aquafeed.

The report provides summary highlights and an un-official translation of the “Guidance on the Food Safety Inspection for Imported Goods of Plant Origin”.

The report provides trade data on Vietnam's monthly rice exports by grades and destinations, and weekly quotes for export rice by grades.

In Marketing Year (MY) 2013/14 (Calendar Year 2014), the United States became the largest exporter of soybeans to Vietnam, surpassing Brazil.

Post revises Vietnam's 2013/2014 cotton production estimate at 1,270 metric tons (mt) or 5.82 thousand bales.