Vietnam: Retail Foods

  |   Attaché Report (GAIN)   |   VM2022-0046

Despite COVID-19's widespread impacts on Vietnam for most of 2021, total retail sales were estimated at approximately $172 billion, marginally up 0.2 percent over 2020, according to Vietnam’s General Statistical Office (GSO). The fourth and largest wave of COVID-19 started on April 29, 2021, and rapidly spread across Vietnam, severely affecting all industries, including the retail food sector. Global exports of consumer-oriented products to Vietnam in 2021 remained the same as the previous year at approximately $13.1 billion. U.S. exports of consumer-oriented products increased by 8 percent over 2020 to over $1 billion and expanded their market share to 8 percent in 2021. The Government of Vietnam (GVN) lowered import tariff rates on corn, wheat, pork, and planting seeds and reduced the value added tax (VAT) from 10 percent to 8 percent. Rising prices for both fuel and production inputs could result in high inflation and affect retail food growth in 2022.

Related Reports

Attaché Report (GAIN)

India: Coffee Annual

FAS Mumbai forecasts marketing year (MY) 2025/26 coffee production (Oct/Sep) at six million 60-kilogram bags. A dry spell during January and February, followed by strong winds and excessive pre-monsoon rains in March and May,
Attaché Report (GAIN)

Canada: Grain and Feed Annual

Production of wheat, corn, barley, and oats is forecast to increase two percent year-over-year to 62.7 million metric tons (MT) in MY 2025/26 and area planted to grains will increase 2.2 percent year-over-year to 27.5 million hectares, according to Statistics Canada’s planting intentions survey.
Attaché Report (GAIN)

Guatemala: Coffee Annual

Guatemala’s coffee production areas remain stable, with gradual increases in output as ongoing renovation efforts begin to show results.