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Vietnam’s livestock and aquaculture sectors expanded in Calendar Year (CY) 2024 on steady economic growth and lower feed prices. Feed importers have increased purchases and diversified suppliers.
Cotton imports are forecast to grow by six percent to 7.6 million bales in marketing year (MY) 2025/26 based on expected growth in the textile and yarn sector.
On March 31, 2025, the Government of Vietnam (GVN) issued Decree 73/2025/ND-CP, reducing the Most-Favored-Nation (MFN) import tariff rates on corn, soybean meal, ethanol, frozen chicken drumsticks, in-shell pistachios, almonds, fresh apples, cherries, and raisins. The decree takes effect immediately.
The Vietnamese food processing industry grew by 7.4 percent in 2024 to $79.3 billion and food ingredient demand is expected to remain strong.
Vietnam’s soybean crushers are expanding capacity with new production lines coming online in the 2024/25 and 2025/26 marketing years.
Vietnam’s Ministry of Health (MOH) issued Circular 17/2023 amending several regulations on food additives, flavors, and processing aids.
Post forecasts Vietnam’s cotton imports for marketing year 2023/24 (MY2023/24) at 6.7 million bales based on cotton-yarn exports over the past six months. MY2022/23 cotton imports are estimated at 6.46 million bales, valued at $3.6 billion, according...