Tuesday, October 5, 2021

Vietnam: A Feed Importing Powerhouse

Green corn fields in northern Vietnam

Vietnam: A Feed Importing Powerhouse

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. Vietnam has turned to imports of corn as a feed ingredient to support the level of meat production, which increased nearly 30 percent in the last decade. Vietnam is by far the largest importer of corn in Southeast Asia and USDA forecasts it to be the fifth-largest importer globally in 2021/22. Though pork has principally been the meat of choice for the Vietnamese people, consumption of chicken meat and beef has grown as well. Aquaculture—the production of fish, shellfish, or other species in an aquatic environment—is also an expanding industry and represents a continuing opportunity for exporters of feed ingredients.

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