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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.
In 2016, estimates for Vietnam’s growing areas of biotech crop (corn) were at 35,000 ha, accounting for about 3 percent of the total cultivated corn area.
The Government of Vietnam (GVN) published Decree 39/2017/ND-CP on April 4th, 2017, replacing Decree 08/2010/ND-CP (dated February 2, 2010) on animal feed management....
The report provides trade data on Vietnam's monthly rice exports by grades and destinations and weekly quotes for export rice by grades.
Post estimates the production of green bean coffee in MY 2016/2017 at 26.7 million bags (Green Bean Equivalent) and forecast for MY 2017/2018 at 29.9 million bags.