• Where does Vietnam import palm oil?
  • The main destinations of Vietnam exports on Palm Oil were Cambodia ($104M), Laos ($1.75M), Hong Kong ($106k), South Korea ($99.9k), and Malaysia ($64.6k). In 2022, Vietnam imported $1.14B in Palm Oil, mainly from Indonesia ($764M), Malaysia ($378M), Singapore ($620k), Thailand ($104k), and United States ($15.5k).
  • How to expand palm oil production in Vietnam?
  • The investors plan to expand palm oil production in Bac Lieu, Kien Giang by increasing the plantation area by up to 10,000 ha. In Vietnam, vegetable oil is mainly produced from copra, soy bean, peanut and sesame.
  • How much money does Vietnam invest in palm oil?
  • The government is investing 259.2 billion VND (28.8 billion USD per year) for the nine-year project that will run from 2007 to 2015. Although no commercial production of palm oil can be documented yet in Vietnam, some of the landmarks in oil palm cultivation in recent years can be identified.
  • Is oil palm a viable commercial crop in Vietnam?
  • Firstly, detailed and practical research and trials are necessary before oil palm can be cultivated as a viable commercial crop. Secondly, there are already several high value industrial crops occupying extensive areas of land in Vietnam, such as copra, soybean, peanut and sesame.
  • When did oil palm grow in Vietnam?
  • In 1980, oil palm continued to be imported and planted for experimentation in some southern provinces of Vietnam.
  • How much oil does oil palm produce a year?
  • Oil palm crops globally produce an annual 81 million tonnes (Mt) of oil from about 19 million hectares (Mha). In contrast, the second and third largest vegetable oil crops, soybean and rapeseed, yield a combined 84 Mt oil but occupy over 163 Mha of increasingly scarce arable land. The oil palm crop system faces many challenges in the 2020s.