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Vietnam’s cotton imports for marketing year 2024/25 (MY 2024/25) are forecast at 6.8 million bales, up 3 percent over MY 2023/24 based on an expected recovery in global demand for textiles and garments by mid-2024.

In 2023, feed demand was low due to weak demand in Europe and the United States for Vietnamese produced aquaculture products. Post expects aquaculture and livestock production to rebound in the in MY 2024/25 increasing overall feed demand and as a result also increasing corn consumption. As domestic corn production remains uncompetitive with foreign imports, corn imports are forecast to grow Wheat imports are forecast to decline due to market volatility.

Vietnam’s food processing industry comprises some 11,000 companies, valued at $73.8 billion in 2023. Growth in 2023 was 6.1%, down from a blistering 8.8% in 2021 and 2022.

In 2021, Vietnam completed its approvals for the outstanding product applications for food and feed import. Vietnam continues to benefit from biotech corn as a sustainable tool in the fight against fall army worm (FAW) and increased the production area to more than one hundred thousand hectares (ha) in 2020/2021.

Posts revised its forecast of Vietnam coffee production for marketing year 2021/2022 (MY21/22) up to 31.1 million bags, green bean equivalent (GBE), on improved weather conditions that supported yields.

The Government of Vietnam (GVN) issued Decree 101/2021/ND-CP on November 15, 2021, revising Most-Favored-Nation (MFN) tariff rates on corn, wheat, pork, and planting seeds.

FY2021 agricultural exports reach record levels.

This report provides an unofficial translation of Vietnam’s Prime Minister Decision 1658/QD-TTg dated October 1, 2021, to approve the National Green Growth Strategy 2021-2030, vision to 2050.

This report provides trade data on Vietnam's monthly rice exports by grade and destination and weekly export quotes for rice by grade.