Key Market Indicators
Vietnam's grains production is projected to reach 52 million metric tons by 2028, up from approximately 50 million metric tons in 2023. This represents a compound annual growth rate (CAGR) of 0.6%. Since 1966, the country's grain supply has been increasing at an average rate of 0.5% per year. In 2023, Vietnam ranked 12th in global grains production, with a total output of around 50 million metric tons. Bangladesh surpassed Vietnam with a similar production figure. Leading the global rankings in grains production were the United States, India, and Brazil, which took the second, third, and fourth spots, respectively.
