Forecast: Agricultural Area Under Organic Agriculture in Vietnam

The agricultural area under organic agriculture in Vietnam has shown significant fluctuations over the past decade. From a mere 37.49 thousand hectares in 2013, the area expanded to 80.56 thousand hectares by 2023. The year-on-year variations have been quite volatile, with notable declines in 2016 and 2018 but substantial growth in 2015 and recent years. The last CAGR for the five years leading up to 2023 is 9.4%, indicating a strong upward trend.

The forecasted data suggests continued growth, with the area expected to reach 100.36 thousand hectares by 2028. The forecasted 5-year CAGR is 3.49%, suggesting a more moderate but stable growth trajectory.

Future trends to watch for:

• Adoption of new organic farming techniques and technologies.
• Government policies and subsidies supporting organic agriculture.
• Increasing consumer demand for organic products.
• Environmental factors and their impact on organic farming viability.