In 2023, beef meat production in Vietnam stood at 389.42 thousand metric tons. Over the years, beef production has shown a steady growth trend with varying annual growth rates. From 2013 to 2023, the Compound Annual Growth Rate (CAGR) was notably 3.09%. In recent years, the production growth has slowed, with a year-on-year increase of only 2.43% in 2023, following a modest rise of 2.54% in 2022.

Looking forward from 2024 onwards, the forecast suggests a continued but moderate increase in beef production, with a projected CAGR of 1.84% over the next five years, leading to a cumulative growth rate of 9.54% by 2028. Key future trends to watch for include:

Potential impacts of climate change and agricultural policy on production yields.
Shifts in domestic and international demand for beef meat.
Advancements in farming techniques and technology adoption.
Fluctuations in feed prices and their impact on production costs.
Changes in consumer preferences and dietary trends.