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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.

The report provides trade data on Vietnam's monthly rice exports by grades and destinations, and weekly quotes for export rice by grades.

This report provides updated information about the adoption of agricultural biotechnology in Vietnam. Since approving all outstanding applications for food and feed use in August 2021, Vietnam has not resumed its regulatory process for acknowledging and reviewing new applications.

Post revises its estimate of Vietnam marketing year 2022/2023 (MY 2022/23) coffee production down to 30.22 million bags, green bean equivalent (GBE), due to lower yields, despite abundant rainfall that supported the flowering and cherry setting stages.

As the economic hub in Vietnam's central and central highland regions, Da Nang has emerged in recent years as a retail market with strong potential. Rapid urbanization, economic development, and a booming tourism sector have created more opportunities for U.S. food and beverage products.

FY2022 agricultural exports reach record levels.