Vietnam boosts soybean imports in 2025 amid falling global prices

Vietnam significantly increased soybean imports during the first 11 months of 2025, taking advantage of lower global prices and strong domestic demand. According to preliminary data from Vietnam Customs, imports reached 2.36 million tons, valued at nearly USD 1.1 billion.

The average import price stood at USD 465.5 per ton. Compared with the same period in 2024, import volumes rose by 19.2% and import value increased by 8%, while the average price declined by 9.4%, making purchases more attractive for processors.

The sharp increase in imports reflects sustained demand from the animal feed and livestock sectors, as well as domestic processing industries. Despite price corrections in the global soybean market, Vietnam’s need for soybeans as a key raw material remains strong.

In November 2025 alone, Vietnam imported 200,928 tons of soybeans worth USD 95.09 million, at an average price of USD 473.3 per ton. Although volumes edged lower month-on-month, imports surged 23% year-on-year, confirming the overall upward trend.

Brazil remained Vietnam’s largest soybean supplier, followed by the United States, with the two countries accounting for more than 90% of total import volumes. Analysts expect soybean imports to stay elevated as feed and livestock production continues to recover, with future dynamics shaped by global price movements, exchange rate fluctuations, and supply conditions in major producing countries.

Tags: imports, soybean