Production:

Refined vegetable oil production

According to the Ministry of Industry and Trade, Vietnam produced a record level of 738.4 TMT of refined vegetable oil (all types) in 2014, an increase of 0.6 percent over the previous year (733.4 TMT). Refined oil production is projected to increase by 10 percent to 812 TMT in 2015 and to 893 TMT in 2016 as refiners continue to take advantage of the growth in locally produced crude soybean oil, and local oil producers enjoy the decreasing GVN safeguard import tariff from Malaysia and Indonesia which is 4 percent during the period May 2014-May 2015, and falls to 3 percent in the period May 2015-May 2016. Considerable growth is needed in domestic refining capacity in order to reach GVN's target for refined vegetable oil of 1.59 MMT by 2020 and 1.93 MMT by 2025, according to the Development Plan for Vietnam's Vegetable Oil Industry up to 2020, and Vision to 2025.

Refined vegetable oil production

2013

2014

2015

proj.

2016

proj.

2020

proj.

2025

proj.

Total refined vegetable oils production (TMT)

733.4

738.4

812

893

1,587

1,929

Crude soy oil production

Post initial forecast of MY 2015/16 soy oil production is 256 TMT, an increase of 3 percent. This forecast is based on increased crush. Post's MY 2014/15 crude soybean oil estimate is revised up to 248 TMT from 234 TMT of the previous estimate, a 5.5 percent increase over the previous year, as total crush rebounds. In MY 2013/14, Vietnam produced an estimated 235 TMT of crude soy oil.

Vietnam's local crude soy oil production

2012

2013

2014

2015*

2016*

Total local soy oil production (MT)

214,000

193,000

235,000

248,000

256,000

Consumption:

Currently, four major categories of vegetable oil products (Cooking oils, Salad oils, Nutritional oils, and Solid oils) are used for both human consumption and food processing industry. Many Vietnamese consumers are aware of the health benefits of consuming healthy vegetable oils. However, there are still many Vietnamese consumers, who lack a thorough understanding of hydrogenated fats, and the healthier alternatives that are available. Many Vietnamese's choice of brands is mainly based on advertising messages of manufacturers as well as brand availability in their preferred distribution channel (traditional or modern market). Unpackaged and unbranded oils and fats are still widely used by foodservice operators, especially street vendors and small independent restaurants, as they were much cheaper compared to branded products. Due to their cheap price some low-income consumers in suburban and rural areas still choose unbranded oils and fats.

Local producers estimated Vietnam's MY 2013/14 total vegetable oil consumption at 870 TMT, up about 11.5 percent over the previous year. There is no official data is available for vegetable oil consumption per capita. Post projects continuous strong growth in consumption, including soybean oil, as demand continues to grow driven by rising consumer incomes, increased urbanization, and growth of food processing industry. Additionally, increasing consumers' awareness of healthier vegetable oils is leading to a shift from animal fats to vegetable oils. Industry has estimated Vietnam's vegetable oil consumption per capita to be 9.55 kg per person in 2014, below the world average of 13.5 kg per capita per year. Vegetable oil consumption per capita is projected to increase to 16 kg per person per year by 2020, and 18.5 kg by 2025.

Vietnam's domestic vegetable oil consumption

Unit

2013

2014

2015 proj.

2020 proj.

2025 proj.

Vietnam's population

million persons

90

91

92

97

102

Total domestic vegetable oil consumption

1,000 MT

780

870

920

1,570

1,890

Per capita vegetable oil consumption

Kg/person/year

8.7

9.6

10

16.2

18.5

According to local producers, Cai Lan Oils & Fats Industries Co. continued to lead sales in 2014 with 37.3 percent market share nationwide. Tuong An Vegetable Oil and Golden Hope Nha Be followed with 22.8 percent and 11 percent market share, respectively.

In 2014, state-owned Vietnam Vegetable Oils Industry Corporation (Vocarimex) launched its initial public offering (IPO). The state maintained 36 per cent and strategic investors Kinh Do Confectionery Corporation (KDC) and VPBank Securities took 24 percent and 8 percent, respectively. Vocarimex and its subsidiaries and affiliates hold a combined 85 percent of the Vietnamese cooking oil market. Together they produce around 81 percent of the nation's refined cooking oil.

Most imported soybean and palm oil are currently for food use; only a small volume of imported oil is used in the industrial and cosmetic manufacturing sectors and feed industry. Post estimates local consumption at 650 TMT for palm oil and 220 TMT for soybean oil in MY 2013/14. In MY 2014/15, Post forecasts local consumption of palm oil at 680 TMT and soy oil at 240 TMT.

Trade:

Imports of vegetable oils (both crude and refined)

Vietnam's vegetable oil industry continues to rely heavily on imported crude and refined oil to meet consumer demand, despite increasing domestic crude soybean oil production. In MY 2013/14, Vietnam imported an estimated 812 TMT of crude and refined vegetable oils of all types, an increase of 13 percent over the previous year.

Total vegetable oil imports

Year

2010

2011

2012

2013

2014

Total vegetable oil imports (TMT)

851.3

760.4

729.7

717.9

812.4

Total crude vegetable oil

388.5

311.7

65.7

76.3

89.6

Total refined vegetable oil

462.8

448.7

664

641.6

722.8

In MY 2013/14, Vietnam's refined vegetable oil imports were estimated at 723 TMT, an increase of about 13 percent over the previous year due to increasing demand of domestic market. Vietnam continued to import a small volume of crude vegetable oil in MY2013/14. Refined vegetable oil imports in MY 2013/14 accounted for 89 percent of the total imported vegetable oils.

Total vegetable oil imports per commodity

Year

2010

2011

2012

2013

2014

Total vegetable oil imports (TMT)

851.3

760.4

729.7

717.9

812.4

Palm oil

594.4

595.6

602.6

583.1

679.2

Soy oil

227.4

127.5

52.6

79.3

81.6

Other vegetable oils

29.5

37.3

74.5

55.5

51.6

Total palm oil imports (both crude and refined oils) were 679 TMT in MY 2013/14, a rise of 16.5 percent over the previous year, accounting for almost 84 percent of total vegetable oil imports.

Total soy oil imports (both crude and refined) were 82 TMT in MY 2013/14, a rise of 3 percent over the year ago. Soy oil accounts for about 10 percent of total vegetable oil imports. Other vegetable oils, including peanut oil, olive oil, sunflower oil, canola oil, coconut oil, and etc. imported in refined, consumer-ready packaging, were 52 TMT in MY 2013/14, accounting for about 6 percent of total vegetable oil imports.

Post forecasts that total vegetable oil imports in MY 2014/15 will remain in the 820-830 TMT range.

Imports of crude vegetable oil

Vietnam's total crude vegetable oil imports in MY 2013/14 were about 90 TMT, an increase of 17 percent over the previous year. Crude soy oil from Argentina, and Malaysia accounted for almost 97 percent of total crude soy oil imports. Post estimates crude oil imports will likely remain at MY 2013/14 levels.

Crude vegetable oil imports

Crude vegetable oil (TMT)

2010

2011

2012

2013

2014

Total, of which

388.5

311.7

65.7

76.3

89.6

Crude palm oil

219.9

184.7

13.3

10

7

Crude Soy oil

164.4

117.9

48.98

63.3

77.4

Other crude vegetable oil

4.2

9.1

3.4

2.99

5.2

Vietnam's crude soy oil imports by sources

Exporting Countries

2010

2011

2012

2013

2014

Quantity MT

Quantity MT

Quantity MT

Quantity MT

Quantity MT

Argentina

73,250

75,440

19,500

33,492

59,472

Malaysia

13,921

19,976

2,141

0

15,495

Thailand

21,292

19,499

12,997

24,010

2,000

Brazil

0

3,000

13,000

5,775

461

South Korea

6.74

2.69

0

1.51

1.86

Singapore

0

0

0

3

0

Taiwan

17.74

0

410

0

0

United States

30,000

0

0

0

6.08

Paraguay

9,000

0

0

0

0

Others

6,864

0

936

0

0

Total Volume

164,351

117,918

48,984

63,282

77,436

Sources: Estimates from traders, Local Producers, GCO, GTA

Note: Crude soybean oil – HS code 150710

Vietnam's crude palm oil imports by sources

Exporting Countries

2010

2011

2012

2013

2014

Quantity MT

Quantity MT

Quantity MT

Quantity MT

Quantity MT

Thailand

6,997

0

0

6,000

7,028

Malaysia

36,465

72,051

2,012

4,000

0

Singapore

0

0

0

0

1

Hong Kong

0

52

0

0

0

Indonesia

176,076

110,206

11,329

Cambodia

350

2,100

0

0

0

United States

0

257

0

0

0

Total Volume

219,888

184,666

13,341

10,000

7,029

Source: GCO, GTA. Note: Crude palm oil HS code 151110

Imports of refined vegetable oil

Vietnam's refined vegetable oil imports for MY 2013/14 were 723 TMT, an increase of 12.6 percent over the previous year. Refined palm oil imports mainly from Malaysia, Indonesia accounted for about 93 percent of total refined vegetable oil. Other vegetable oils, which are mostly in consumer-ready packaging, accounted for 6.4 percent of total refined vegetable oil imports, and soybean oil accounted for 0.6 percent of the total refined vegetable oil imports in MY 2013/14.

In MY 2014/15, Post forecasts refined oil imports at 730 - 750 TMT. Of this estimate, Post forecasts palm oil imports, and soy oil and other vegetable oil imports at 690 TMT and 5 TMT and 55 TMT, respectively. Post's initial forecast for MY 2015/16 peg palm oil imports at 710 TMT and soy oil imports at 5 TMT.

Refined vegetable oil imports 2010-2014

Refined vegetable oil imports (TMT)

2010

2011

2012

2013

2014

Total, of which

462.8

448.7

664

641.6

722.8

Refined palm oil

374.5

410.9

589.3

573.1

672.2

Refined Soy oil

63

9.6

3.6

16

4.2

Other refined vegetable oil

25.3

28.2

71.1

52.5

46.4

Vietnam's refined soy oil imports by sources 2010-2014

Exporting Countries

2010

2011

2012

2013

2014

Quantity MT

Quantity MT

Quantity MT

Quantity MT

Quantity MT

Malaysia

18,586

7,706

3,128

15,237

3,803

Hong Kong

n/a

n/a

n/a

560

n/a

South Korea

29

45

18

222

18

Singapore

38,044

297

114

66

323

Taiwan

23

35

68

51

38

Thailand

224

1,470

165

77

14

Canada

73

25

41

13

n/a

United States

1

1.7

12

n/a

n/a

China

5,881

n/a

n/a

n/a

n/a

Others

11

12

9

9

12

Total Volume

62,872

9,592

3,555

16,235

4,208

Sources: Estimates from traders, Local Producers, GCO, GTA

Note: Refined soybean oil – HS code 150790

Vietnam's refined palm oil imports by sources 2010-2014

Exporting Countries

2010

2011

2012

2013

2014

Quantity MT

Quantity MT

Quantity MT

Quantity MT

Quantity MT

Malaysia

318,184

353,404

462,183

478,400

593,431

Indonesia

17,951

55,171

124,000

94,385

76,160

Thailand

215

1,470

165

n/a

2,512

Singapore

38,044

783

783

294

87

Taiwan

23

35

68

n/a

n/a

Canada

50

25

41

n/a

n/a

China

40

n/a

n/a

n/a

n/a

South Korea

11

45

18

n/a

n/a

United States

1

1.7

12

n/a

n/a

Others

1

12.5

2,036

28

7.4

Total Volume

374,520

410,947

589,306

573,107

672,197

Sources: Estimates from traders, Local Producers, GCO, GTA

Note: Refined palm oil HS code 151190

Vietnam's animal and vegetable oils and fats import by value

2010

2011

2012

2013

2014

Total vegetable oil exports

(Million $)

682

893.1

747.7

692.2

758

Policy

Import Tariff

The most updated tax rates that apply to crude and refined vegetable oils imported from countries having Most Favored Nation (MFN) status with Vietnam are shown in the table below:

Vegetable Oils Import tariffs for MFN countries

Import tariffs

Crude Oil

Refined oil

Soybean oil (HS code 1507)

5%

15%

Peanut oil (HS code1508)

5%

25%

Olive oil (HS code 1509)

5%

20%

Other oils, obtained solely from olives (HS code 1510)

5%

25%

Palm oil (HS code 1511)

5%

30%

Sunflower-seed oil, safflower oil (HS code 1512)

5%

15%

Cotton-seed oil (HS code 1512.21 and 1512.29)

5%

25%

Copra oil (HS code 1513)

5%

30%

Palm kernel or babassu oil (HS code 1513)

7%

30%

Palm kernel oil (HS code 1513.29)

5%

25%

Rapeseed oil (HS code 1514.11; 1514.19; 1514.91 and 1514.99)

5%

20%

Linseed oil and its fractions (HS code 1515.11 and 1515.19)

5%

15%

Maize (corn seed) oil and its fractions

(HS code 1515.21; 1515.29.91 and 1515.29.99)

5%

20% or 30%

Castor oil and its fractions (HS code 1515.30)

7%

15%

Sesame oil and its fractions of unrefined oil (HS code 1515.50.10; 1515.50.20; 1515.50.90 )

7%; or 5%

25%

Tengkawang oil (HS code 1515.90.11; 1515.90.12; and 1515.90.19)

5%

25%

Tung oil (HS code 1515.90.21; 1515.90.22 and 1515.90.29)

5%

10%

Jojoba oil (HS code 1515.90.31; 1515.90.32 and 1515.90.39)

5%

25%

Other animal or vegetable oils (HS code 1516.10)

22%

22%

Vegetable fats and oils and their fractions (of soybean)

(HS code 1516.20.11)

20%

20%

Vegetable fats and oils and their fractions (of the fruit of the oil palm, crude or other (HS code 1516.20.12; 1516.20.13)

25%

30%

Vegetable fats and oils and their fractions (of coconuts) (HS code 1516.20.14)

30%

30%

Vegetable fats and oils and their fractions (of palm kernels, crude) (HS code 1516.20.15)

25%

25%

Vegetable fats and oils and their fractions (of palm kernels, refined, bleached and deodorized (RBD) (HS code 1516.20.16)

30%

30%

Vegetable fats and oils and their fractions (of ground nuts) (HS code 1516.20.17)

25%

25%

Vegetable fats and oils and their fractions (of linseeds ) (HS code 1516.20.18)

25%

25%

Vegetable fats and oils and their fractions (of others ) (HS code 1516.20.19)

25%

25%

Vegetable fats and oils and their fractions: Hydrogenated fats in flakes (of groundnuts, soybeans, fruit of the oil palm, palm kernels or coconuts) (HS code 1516.20.21)

30%

30%

Vegetable fats and oils and their fractions: Hydrogenated fats in flakes (of linseeds) (HS code 1516.20.22)

25%

25%

Vegetable fats and oils and their fractions: Hydrogenated fats in flakes (of olives) (HS code 1516.20.23)

25%

25%

Vegetable fats and oils and their fractions: Hydrogenated fats in flakes (of others) (HS code 1516.20.29)

30%

30%

Other, palm stearin, with an iodine value not exceeding 48 (HS code 1516.20.51; 1516.20.52; 1516.20.59)

25%

25%

Vegetable fats and oils and their fractions (others: of linseed -HS code 1516.20.92; (of olives – HS code 1516.20.93), (of soybeans – HS code 1516.20.94)

25%

25%

Vegetable fats and oils and their fractions (Hydrogenated castor oil - HS code 1516.20.95)

30%

30%

Vegetable fats and oils and their fractions (Refined, bleached and deodorized (RBD) palm kernel stearin only - HS code 1516.20.96)

n/a

25%

Vegetable fats and oils and their fractions (Hydrogenated and refined, bleached, deodorized (RBD) palm kernel stearin or olein -HS code 1516.20.97); (Other, of groundnuts, palm oil or coconuts – HS code 1516.20.98), (Others – HS code 1516.20.99)

30%

30%

Other mixtures or preparations of vegetable fats or oils or of their fractions, in which ground nut oil predominates) (HS code 1517.90.61)

30%

Other mixtures or preparations of vegetable fats or oils or of their fractions, in which crude palm oil predominates) (HS code 1517.90.62)

30%

Other mixtures or preparations of vegetable fats or oils or of their fractions, in which other palm oil predominates) (HS code 1517.90.63; 1517.90.64)

30%

Other mixtures or preparations of vegetable fats or oils or of their fractions, in which palm kernel oil predominates) (HS code 1517.90.65)

30%

Other mixtures or preparations of vegetable fats or oils or of their fractions, in which palm kernel olein predominates) (HS code 1517.90.66)

30%

Other mixtures or preparations of vegetable fats or oils or of their fractions, in which soya bean oil predominates) (HS code 1517.90.67)

30%

Other mixtures or preparations of vegetable fats or oils or of their fractions, in which illipe nut oil predominates) (HS code 1517.90.68)

30%

Other mixtures or preparations of vegetable fats or oils or of their fractions (HS code 1517.90.69; 1517.90.90)

30%

Animal or vegetable fats and oils and their fractions, boiled, oxidized, dehydrated, sulphurised, blown, polymerized by heat in vacuum or in inert gas or otherwise chemically modified excluding those of heading 1516 (Ground nut, soya bean, palm or coconut oils – HS code 1518.00.14); (Linseeds oil and its fractions – HS code 1518.00.15); (Olive oil and its fractions – HS code 1518.00.16); (Other – HS code 1518.00.19)

5%

Inedible mixtures or preparations of animal fats or oils or of fractions of different fats or oils ( of the fruit of the oil palm or of palm kernels – HS code 1518.00.31); (of Linseeds – HS code 1518.00.33); (Of olives – HS code 1518.00.34); (of ground nuts – HS code 1518.00.35); (of soybeans or coconuts – HS code 1518.00.36); (of cotton seeds – HS code 1518.00.37); (Other – HS code 1518.00.39)

5%

Notes:

  • MFN: Most Favored Nation
  • ATIGA: ASEAN Trade In Goods Agreement
  • AANZFTA: ASEAN-Australia-New Zealand Free Trade Agreement
  • AIFTA: ASEAN-India Free Trade Agreement
  • VJEPA: Vietnam-Japan Economic Partnership Agreement
  • AJCEP: ASEAN Japan Comprehension Economic Partnership
  • ACFTA: ASEAN China Free Trade Agreement
  • AKFTA: ASEAN Korea Free Trade Agreement
  • VAT: Value Added Tax

Since August 2013, the Ministry of Industry and Trade (MOIT) applied safeguard measures imposing an additional 5 percent import tax on imported refined soy and palm oil products from certain countries for the first year, starting May 7, 2013, and that decreases each year until being eliminated after May 6, 2017. The safeguard applies to ASEAN refined palm oil exporters (Malaysia and Indonesia) and Argentine, U.S., and Brazilian refined soybean oil.

Decision 11039 further details the food and agricultural products subject to MOIT's jurisdiction as defined by Decree 38/2012. Decision 11039 provides additional detail, at the 4-digit HS level, of what products are under MOIT's food safety jurisdiction. Relating to food and agricultural products, vegetable oil products, flour and starch products (not including products with micronutrient supplements and functional products which are managed by MOH, are subject to quality, technical, and food safety regulations of MOIT before being granted customs clearance.

These products are then governed by MOIT's Circular 28/2013/TT-BCT dated November 6, 2013 outlining the inspection procedures for food safety of imported foodstuff under the management responsibility of MOIT.

GVN Labeling Guidelines were revised for Pre-Packaged Food and Additives as per Circular 34/2014/TTLTBYT-BNNPTNT-BCT issued by the Vietnam Ministry of Health, Ministry of Agriculture and Rural Development, and Ministry of Industry and Trade on October 27, 2014.

Exports

Currently, there is no official export volume data available for vegetable oils. According to trade data from Global Trade Atlas, Vietnam's exports of all types of animal or vegetable oils and fats reached an estimated 183 TMT in MY 2013/14, an increase of 15 percent over the previous year (159 TMT). MY 2013/14 export value was about $205 million, an increase of 29 percent over the year before ($158 million). Of total MY 2013/14 Vietnamese vegetable and animal oil and fat exports, crude soy oil accounted for 49 percent, refined soy oil, palm oil and other vegetable oils for 51 percent. Post's initial estimates MY 2014/15 and MY2015/16 soy oil exports at 95 TMT and 100 TMT, respectively.

Vietnam's all type animal or vegetable oil and fat exports by countries

2010

2011

2012

2013

2014

Importing Countries

Quantity

MT

Quantity

MT

Quantity

MT

Quantity

MT

Quantity

MT

China

23,981

26,958

21,431

35,717

27,631

Taiwan

26,786

31,229

42,439

33,126

20,029

Singapore

41

169

20,196

24,698

19,224

South Korea

4,642

24,059

57,229

21,554

77,878

Japan

16,591

7,215

10,301

16,092

14,593

Malaysia

19,695

-

309

-

-

India

840

4,943

960

4,992

0

Philippines

409

844

2,507

4,631

3,782

United States

218

267

335

331

417

Hong Kong

-

19

3,357

294

0.4

Indonesia

1,475

1,067

4,178

4,516

425

Thailand

28

1,003

1,656

43

33

Morocco

-

-

47

347

77

New Zealand

0.2

-

22

170

194

Canada

3.3

18

9

122

218

Egypt

-

1.7

2.9

103

127

Norway

-

-

93

44

15

Australia

125

139

520

151

126

Netherlands

6

350

745

186

-

France

1

194

31

124

17

Germany

89

60

62

95

169

Italy

-

-

-

-

1,309

Other countries

826

91

29

81

123

Total Volume

96,100

102,262

179,987

158,909

182,982

Vietnam's crude soybean oil exports by countries

Importing Countries

2010

2011

2012

2013

2014

Quantity MT

Quantity MT

Quantity MT

Quantity MT

Quantity MT

South Korea

10

21,471

47,932

19,444

74,456

Malaysia

0

3,099

10,779

9,132

15,945

India

n/a

3,193

n/a

4,992

n/a

North Korea

n/a

n/a

n/a

1,863

n/a

Japan

n/a

n/a

620

1,401

n/a

Singapore

n/a

n/a

4,162

n/a

n/a

Indonesia

n/a

n/a

3,864

n/a

n/a

Hong Kong

n/a

n/a

2,394

n/a

n/a

Philippines

n/a

n/a

987

n/a

n/a

Australia

n/a

25

948

n/a

n/a

China

n/a

n/a

765

n/a

n/a

Others

0.3

n/a

20,532

37,624

n/a

Total Volume

10.3

27,788

92,983

74,456

90,401

Source: GTA, Local Producers. Note: Crude soybean oil – HS code 150710

Vietnam's refined soybean oil exports by countries

Importing Countries

2010

2011

2012

2013

2014

Quantity MT

Quantity MT

Quantity MT

Quantity MT

Quantity MT

Indonesia

n/a

n/a

2,804

5,204

n/a

North Korea

n/a

n/a

3,399

3,621

n/a

Philippines

n/a

60.7

n/a

2,536

187

Singapore

n/a

n/a

3,240

2,108

21

Malaysia

n/a

n/a

2,259

2,081

101

Australia

120

115

140

922

n/a

China

n/a

n/a

5,544

461

n/a

New Zealand

n/a

n/a

19

n/a

n/a

Hong Kong

n/a

18.7

1,357

264

n/a

Taiwan

0.4

n/a

217

14

n/a

Japan

n/a

5

n/a

31

n/a

Others

2

0.1

0.3

4,298

18

Total

122.4

199.5

18,979

21,540

327

Source: GTA, Local Producers. Note: Refined soybean oil – HS code 150790

STATISTICS

Oil, Soybean

2013/2014

2014/2015

2015/2016

Market Begin Year

Jan 2014

Jan 2015

Jan 2016

Vietnam

USDA Official

New post

USDA Official

New post

USDA Official

New post

Crush

1,250

1,235

0

1,300

0

1,350

Extr. Rate, 999.9999

0.19

0

0.19

0

0.19

Beginning Stocks

10

10

0

16

0

14

Production

225

235

0

248

0

256

MY Imports

85

82

0

85

0

90

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

320

327

0

349

0

360

MY Exports

95

91

0

95

0

100

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom. Cons.

0

0

0

0

0

0

Food Use Dom. Cons.

200

220

0

240

0

250

Feed Waste Dom. Cons.

0

0

0

0

0

0

Total Dom. Cons.

200

220

0

240

0

250

Ending Stocks

25

16

0

14

0

10

Total Distribution

320

327

0

349

0

360

1000 MT, PERCENT

Source: GCO, GTA, Local Producers

Note: Soybean oil includes crude and refined soy oil (HS code 150710 and 150790)

Vietnam's Crude Soy Oil Import Trade Matrix

Country

Vietnam

Commodity

Crude Soy oil

Time Period

Jan-Dec

Units:

MT

Imports for:

2013

2014

U.S.

U.S.

Others

Others

Argentina

33,492

Argentina

59,472

Thailand

24,010

Malaysia

15,495

Brazil

5,775

Thailand

2,000

Brazil

461

Total for Others

63,277

77,428

Others not Listed

5

8

Grand Total

63,282

77,436

Source: GCO, GTA, Local Traders *Note: Crude Soy oil - HS code 150710

Vietnam's Refined Soy Oil Import Trade Matrix

Country

Vietnam

Commodity

Refined Soy oil

Time Period

Jan-Dec

Units:

MT

Imports for:

2013

2014

U.S.

U.S.

Others

Others

Malaysia

15,237

Malaysia

3,803

Hong Kong

560

Singapore

323

South Korea

222

Taiwan

38

Thailand

77

South Korea

18

Singapore

66

Thailand

14

Taiwan

51

Total for Others

16,213

4,196

Others not Listed

22

12

Grand Total

16,235

4,208

Source: GCO, GTA, Local Traders *Note: Refined soy oil HS code 150790

Vietnam's Soy Oil Export Trade Matrix

Country

Vietnam

Commodity

Crude & Refined Soy oil

Time Period

Jan-Dec

Units:

MT

Imports for:

2013

2014

U.S.

-

U.S.

-

Others

Others

South Korea

19,000

South Korea

74,456

Malaysia

11,000

Malaysia

16,046

North Korea

5,484

Philippines

187

Indonesia

5,204

Singapore

21

India

5,000

Sri Lanka

18

Philippines

3,536

Singapore

2,108

Japan

1,000

Australia

922

Total for Others

53,254

90,728

Others not Listed

41,183

0

Grand Total

94,437

90,728

Source: GTA, Local Producers

*Note: Crude Soy oil - HS code 150710 and Refined soy oil HS code 150790

Vietnam's Production, Supply & Demand Table for Palm Oil

Oil, Palm

2013/2014

2014/2015

2015/2016

Market Begin Year

Jan 2014

Jan 2015

Jan 2016

Vietnam

USDA Official

New post

USDA Official

New post

USDA Official

New post

Area Planted

0

0

0

0

0

0

Area Harvested

0

0

0

0

0

0

Trees

0

0

0

0

0

0

Beginning Stocks

3

3

0

32

0

36

Production

0

0

0

0

0

0

MY Imports

610

679

0

685

0

717

MY Imp. from U.S.

0

0

0

0

0

0

MY Imp. from EU

0

0

0

0

0

0

Total Supply

613

682

0

717

0

753

MY Exports

1

0

0

1

0

1

MY Exp. to EU

0

0

0

0

0

0

Industrial Dom. Cons.

0

0

0

0

0

0

Food Use Dom. Cons.

609

650

0

680

0

710

Feed Waste Dom. Cons.

0

0

0

0

0

0

Total Dom. Cons.

609

650

0

680

0

710

Ending Stocks

3

32

0

36

0

42

Total Distribution

613

682

0

717

0

753

1000 HA, 1000 TREES, 1000 MT

Source: Estimates from producers, GCO, GTA

Note: Palm oil includes crude and refined palm oils (HS code 151110 and 151190)

Vietnam's Crude Palm Oil Import Matrix

Country

Vietnam

Commodity

Crude Palm oil

Time Period

Jan-Dec

Units:

MT

Imports for:

2013

2014

U.S.

0

U.S.

0

Others

Others

Thailand

6,000

Malaysia

7,028

Malaysia

4,000

Singapore

1

Total for Others

10,000

7,029

Others not Listed

Grand Total

10,000

7,029

Source: GCO, GTA, Post estimates. Note: Crude palm oil HS code 151110

Vietnam's Refined Palm Oil Import Matrix

Country

Vietnam

Commodity

Refined Palm oil

Time Period

Jan-Dec

Units:

MT

Imports for:

2013

2014

U.S.

0

U.S.

0

Others

Others

Malaysia

478,400

Malaysia

593,431

Indonesia

94,385

Indonesia

76,160

Singapore

294

Thailand

2,512

Singapore

87

Total for Others

573,079

672,190

Others not Listed

28

7.4

Grand Total

573,107

672,197

Source: GCO, GTA, Local Producers; Note: Refined palm oil HS code 1511904