Vietnam
In 2020, Vietnam was the seventh-largest destination for U.S. agricultural exports, totaling $3.3 billion. This represents a 4-percent decline from 2019, and a 16-percent decline from a record-setting 2018. The United States is Vietnam’s second-largest supplier of agricultural goods, following China. Continued economic integration and FTA negotiations have allowed more openings for foreign products. The largest export growth from the United States to Vietnam in 2020 was in soybeans and wheat, up $158 million and $64 million, respectively. Exports of distillers’ grains, tree nuts, and dairy products also increased, by $28 million, $18 million, and $15 million, respectively. Exports of cotton were down by more than $260 million. For the first time since 2014, Vietnam was not the top destination for U.S. cotton, surpassed handily by China. Exports of soybean meal plummeted by $119 million in 2020, while prepared food shipments fell $31 million after swelling to a record high of $117 million in 2019.
More information from the 2020 U.S. Agricultural Export Yearbook
Data and Analysis
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.
Vietnam continues to struggle through its fourth Covid-19 outbreak which began in May 2021. The latest, and most severe outbreak has negatively affected the livestock and aquaculture sectors, as well as total feed demand due to strict government regulations and restrictions.
Vietnam is an emerging economy in Southeast Asia that has experienced rapid growth and development during the last few decades. As has historically been the case in many countries, growth in animal-based protein consumption has gone hand-in-hand with this economic development.
Upcoming
All times in ET.
Oct 22
Fri
|
3:00 PM
Nov 9
Tue
|
12:15 PM
Nov 9
Tue
|
12:15 PM
Nov 9
Tue
|
12:15 PM
Nov 9
Tue
|
12:15 PM
News and Features
January 23, 2020
Accepting Applications for 2020 Borlaug Fellowships
The U.S. Department of Agriculture is now accepting applications for the 2020 Borlaug International Agricultural Science and Technology Fellowship Program. The program offers training and collaborative research opportunities to early and mid-career...
October 11, 2019
USDA’s McKinney Leads Mission to Tap Trade Opportunities in Vietnam
CONTACT: press@fas.usda.gov or (202) 720-7115 WASHINGTON, Oct. 11, 2019 – When Under Secretary for Trade and Foreign Agricultural Affairs Ted McKinney leads a U.S. Department of Agriculture trade mission to Vietnam Oct. 15-18, he’ll be accompanied by...
July 8, 2019
USDA Welcomes New Crop of Foreign Service Officers
Deputy Secretary of Agriculture Stephen Censky and FAS Administrator Ken Isley with the 11 newest agricultural officers sworn into the Foreign Service, from left to right: Andre Bradley, Ben Boroughs, Daniel Alvarado, Olutayo Akingbe, Sarah Gilleski...