In 2023, the primary oilseeds yield in Vietnam stood at 9.72 thousand hectograms per hectare. Forecast data for 2024 indicates an increase to 9.94 thousand hectograms per hectare, with a projected year-on-year growth of 2.3%. This upward trend continues through the forecast period with values of 10.17, 10.4, 10.62, and 10.83 thousand hectograms per hectare for 2025, 2026, 2027, and 2028 respectively. The compound annual growth rate (CAGR) over these five years is approximately 2.61%.
Future trends to watch for:
- Technological advancements in agricultural practices.
- Climate change impacts on crop yields.
- Government policies and subsidies supporting oilseed production.
- Market demand fluctuations for oilseeds locally and internationally.
