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According to preliminary statistics from the Customs Department, wheat imports to Vietnam in July reached over 218,000 tons, valued at more than $60 million, down 32.2% in volume and 31.4% in value compared to June. In the first seven months of the year, the country spent more than $877 million on importing over 3.2 million tons of wheat, a decrease of 4.1% in volume and 7.6% in value compared to the same period in 2024.
In terms of market share, Brazil is currently the largest wheat provider for Vietnam, exporting over 989,000 tons valued at more than $254 million. However, this represents a 16% volume decrease and a 13% value decline compared to the previous year. The average price rose by 3%, reaching $257 per ton.
Australia is the second-largest supplier, with over 823,000 tons valued at more than $223 million, reflecting a 12% increase in volume but a 2% dip in value compared to the same period in 2024. The import price witnessed a 12% drop, equivalent to $271 per ton.
The United States, Vietnam’s third-largest wheat provider, exported over 387,000 tons valued at more than $106 million, marking a significant surge of 51% in volume and a 27% ascent in value. The average import price dipped by 16% year-over-year, settling at $275 per ton.
Aside from the aforementioned dominant markets, Russia has also substantially boosted its wheat exports to Vietnam, with over 161,000 tons valued at more than $40 million. This signifies a robust increase of 66% in volume and 51% in value compared to 2024. The average price witnessed a 10% decrease, settling at $252 per ton.
Wheat is one of the world’s essential staple foods, with global consumption. In Vietnam, wheat is primarily utilized in the production of mixed animal feed. This commodity not only caters to domestic consumption but also serves the country’s growing export demands. As Vietnam’s climate is unsuitable for wheat cultivation, its supply is entirely reliant on imports. Vietnam is currently among the top ten wheat importers worldwide.
Regarding wheat imports, the government has issued Decree No. 101/2021/ND-CP, amending and supplementing several articles of Decree No. 122/2016/ND-CP dated September 1, 2016, and Decree No. 57/2020/ND-CP dated May 25, 2020, pertaining to export and import tax rates, the list of goods, and absolute tax rates, mixed tax rates, and out-of-quota import tax rates.
This decree adjusts export and import tax rates for specific commodity groups and took effect on December 30, 2021. As per this decree, the government decided to reduce Most Favored Nation (MFN) import tax rates for some animal feed ingredients. Specifically, the MFN import tax rate for wheat was lowered from 3% to 0%, and for corn, it was reduced from 5% to 2%.
According to forecasts by the Food and Agriculture Organization of the United Nations (FAO), global wheat production in 2025 may reach approximately 796 million tons, indicating a slight increase of 1% compared to the previous year. These figures present a positive outlook for Vietnamese importers, with a more abundant global supply and stable prices, especially given the reduced import tax rate of 0% from the United States.
The Dark Side of the Greenback: Black Market Dollar Soars to Unprecedented Heights
The US dollar surged on the black market on August 22, reaching a record high of 26,630 – 26,730 VND/USD. This unprecedented spike highlights the significant demand for foreign currency in the underground market, a stark contrast to the official exchange rates.
Injecting Urea into Cars: The Race Begins
Driving along National Highway 1, motorists and travelers alike will encounter rest stops and gas stations equipped with peculiar pumps labeled “AdBlue” in both Vietnamese and English. It’s easy to mistake these pumps for a liquid fertilizer dispenser for farmers, but they actually serve a different purpose – these pumps are meant for vehicles.
The Rise of Domestic Market Giants in the Construction Steel Industry
The Vietnamese steel industry witnessed a tale of two halves in the first half of 2025. While domestic market giants thrived, achieving impressive profit growth, exporters struggled amidst a perfect storm of tariff barriers and plunging international steel prices.
The Grand Opening and Launch of Saigon Marina International Financial Centre Tower
On the morning of August 19, 2025, the grand opening and inauguration of the Saigon Marina International Financial Centre (Saigon Marina IFC) took place at 02 Ton Duc Thang, Saigon Ward, Ho Chi Minh City. The event was graced by the presence of esteemed leaders from the Communist Party of Vietnam, the Government, and the People’s Committee of Ho Chi Minh City, along with representatives from various central ministries and sectors. The ceremony was also attended by dignitaries from foreign consulates and international organizations, as well as high-ranking executives from numerous domestic and international corporations, financial institutions, and businesses.
The New Industrial Revolution: Unveiling the Northwest Hoa Xa Industrial Park – The Epicenter of Investment in North Central Vietnam
On August 19, 2025, the groundbreaking ceremony for the Tay Bac Ho Xa Industrial Park Infrastructure Investment and Business Project (Tay Bac Ho Xa Industrial Park) took place in Vinh Linh district, Quang Tri province. This event marked a significant turning point in the province’s journey towards sustainable industrial development post-merger.
