Vietnam imported soy beans to the tune of US$116 million in December, up from US$95 million in November, a change of 22.23 percent, according to preliminary data from Vietnam’s General Department of Customs.
Year to date, Vietnam had imported US$1,215 million worth of soy beans by the end of December.
The USA accounted for US$84 million worth of Vietnam’s soy beans imports in December. This was up from US$81 million in soy beans imports in November, a change of 3.57 percent. Year to date, the USA has shipped US$517 million worth of soy beans to Vietnam.
After the USA was Canada making up US$16 million worth of Vietnam’s soy beans imports in December. This was up from US$5 million in soy beans imports in November, a change of 218.57 percent. Year to date, Canada has shipped US$91 million worth of soy beans to Vietnam.
Next was Argentina contributing US$13 million worth of Vietnam’s soy beans imports in December. Year to date, Argentina has shipped US$23 million worth of soy beans to Vietnam.
Following Argentina was Cambodia representing US$3 million worth of Vietnam’s soy beans imports in December. This was down from US$8 million in soy beans imports in November, a change of 64.91 percent. Year to date, Cambodia has shipped US$15 million worth of soy beans to Vietnam.
Learn more about accessing Vietnam’s consumer market→
Vietnam imports of soy beans in December, US$m
| December | November | MoM | YTD | |
| Total | 116.23 | 95.09 | 22.23% | 1,214.73 |
| Other | 0.61 | 0.71 | -13.58% | 6.33 |
| USA | 84.38 | 81.47 | 3.57% | 517.12 |
| Canada | 15.67 | 4.92 | 218.57% | 91.35 |
| Argentina | 12.77 | 0.00 | 0.00% | 23.23 |
| Cambodia | 2.81 | 7.99 | -64.91% | 15.42 |
| Brazil | 0.00 | 0.00 | 0.00% | 561.28 |
Vietnam soy beans news
Recent developments include:
US-Singapore JV soy bean plant
A US–Singapore joint venture has invested more than US$100 million to add a second soybean crushing line in southern Vietnam.
Vietnam Agriculture Limited, owned by Bunge and Wilmar International, inaugurated the new 4,000-ton-per-day line at Phu My 1 Industrial Park, raising total capacity to 7,800 tons daily.
See the latest Vietnam news headlines→
Vietnam’s soy beans industry
Vietnam’s soybean industry is relatively small compared with other major agricultural commodities, with domestic production mainly supplying food processing, animal feed, and traditional soy-based products.
Soybeans are grown primarily in the northern and central highland regions, but output remains limited due to lower yields and competition from more profitable crops.
As a result, Vietnam relies heavily on imported soybeans and soybean meal, mainly from the United States, Brazil, and Argentina, to meet demand from the livestock and aquaculture sectors.