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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.
Total Saudi wheat imports for 2025/26 are forecast to decline 10 percent to 3.2 million metric tons (MMT), due to projected high local production. Saudi barley imports for MY 2025/26 are projected to increase by 10 percent to 3.3 MMT compared to last MY.
On February 18, 2025, Vietnam's National Assembly approved a major government restructuring, consolidating ministries and agencies, eliminating certain National Assembly and Party committees, and dissolving multiple state-run organizations to streamline operations and support economic growth.
This report provides an unofficial translation of Vietnam's Ministry of Industry and Trade (MOIT) Directive 16, issued on December 26, 2024, outlining solutions to promote the use of biofuels in Vietnam.
The HRI sector is witnessing remarkable growth, fueled by urbanization, a surging population, rising disposable incomes, shifting social and cultural trends, and a thriving tourism industry. The Saudi food retail market, currently valued at $30 billion, is projected to grow by another $15 billion by 2030.
This report provides the latest update regarding developments in Vietnam’s Hotel, Restaurant, and Institutional (HRI) food service sector and provides a road map for exporters wishing to enter the market. The country’s food service sector exhibited...
The ongoing transformation of Saudi Arabia bodes well for the retail food sector. In 2023, the Saudi food retail market was estimated at more than $51 billion and projected to increase by more than 5 percent annually in the coming years due to the continued urbanization, growing population, changing shopping habits, expansion of physical store locations , and increasing popularity of online platforms.
This report provides an overview and updates on agricultural biotechnology in Vietnam. New genetically engineered (GE) corn hybrids have been launched for cultivation after Vietnam resumed its approval of outstanding hybrids.