Vietnam Seed Sector Analysis | Growth, Trends, and Forecast (2018—2023)
Seed Sector Analysis – Vietnam Industry, Growth, Trends, and Forecast (2018 — 2023)


MAY 2018

Seed Sector Analysis – Vietnam Industry, Growth, Trends, and Forecast (2018 — 2023)

Purchase Report

The Vietnamese seed market was valued at USD 967.3 million in the year 2017 and is expected to reach USD 1632.1 by 2023, growing at a robust CAGR of 8.2% over the forecast period. Vietnam is one of the largest importers of seeds in the Asia-Pacific region. Around 83% of seeds are sourced by Vietnam and 60% of those come from ASEAN (Association of Southeast Asian Nations) countries.

Rice Dominates the Seed Sector in Vietnam

Vietnam is the world’s fifth-largest rice-producing country with local centers and institutes that have bred 260 inbred rice varieties and 70 hybrid rice varieties. To spread seed production in Vietnam, an in-country training program was organized to teach seed technology to seed growers through the help of different organizations, such as the local extensions department, the hybrid rice research center, and ADB/IRRI project. F1 seed production of rice in the country decreased in the recent years, owing to decline in subsidy from the government by 10% and increase in cost of inputs like fertilizer chemicals and labor made the situation difficult for seed growers. Private and joint ventures of foreign seed production companies, which purchased exclusive rights to produce and sell hybrid rice seeds, have restricted local seed growers to a large extent. The use of input-responsive modern varieties, sufficient fertilizers, and an increase in the proportion of rice area (93.4%) under irrigation account for the high yields in recent years.

Chillies and Peppers Play a Significant Role in the Seed Sector

Vietnam is one of the major producers of chilli and pepper, which are among their top vegetable crops, economically. The short, erect type is the flagship type, which occupies more than 90% of the Vietnamese market. The main varieties are East-West's "EW207" and local company Chenh phong's "Chenh phong No.1". "F 1 -20" was replanted in the central Dalat region and is similar to "Hot Chilli" varieties supplied by the local company, Southern Seed Company. EW207 is a popular variety grown in Tien Giang area, which is the most famous pottery complex in Vietnam. It has a sales volume of close to 5,000 kgs, with a market share of 60%. Recently, "Chenh phong No.1", which is a competitive cultivar, has gradually been replaced, replacing the "EW207" market.

Increasing Importance of Maize

Maize is Vietnam’s second largest annual crop, after rice, in terms of cultivated area. However, maize production area is located only where other better cash crops cannot be grown or where there is a lack of water for other cash crops, intercropped after a better cash crop. Maize is one of the several local crops, such as cassava and rice (broken rice, rice bran), which are used to supply the quickly-growing seed industry. Local maize production has not been able to satisfy the demand in recent years, which has led to the import of maize at volumes of about 2.0 million tons every year. In March 2015, the Ministry of Agriculture and Rural Development (MARD) signed Decision 69/QD-CTCLT, which recognized three genetically modified maize varieties of Syngenta Co., and this was an official allowance for production of GM maize for commercialization in Vietnam. In commercial maize-producing villages, hybrid maize replaced old OPV cultivars and traditional maize varieties and made up 89% of the total maize grown.

Major Key Players: Vietnam National Seed Joint Stock Company, Southern Seed Company, Bioseed Company Vietnam, Dekalb Vietnam Company Ltd. (Monsanto), Syngenta Vietnam, East-West Seed, among others.


Key Developments in the Market

  • October 2017: Top companies aim to develop seed production technologies. Vinaseed and Thai Binh Seed have modern drying, processing and packaging systems, which can control up to 70.5% of seed production technology, with 90 percent for purebred rice and 66 percent for hybrid rice.

Reasons to Purchase the Report

  • To understand the growth trends of the Vietnam seed market. Growth forecast is provided for 2018–2023. These information are crucial in identifying prospective markets with greater growth potential
  • Analyzing various perspectives of the market with the help of market dynamics
  • To understand the crops that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel

Customization of the Report

  • This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.


1. Introduction

                1.1 Market Definition

                1.2 Key Findings of the Study

2. Research Scope and Methodology

                2.1 Study Deliverables

                2.2 Market Segmentation

                2.3 Study Assumptions

                2.4 Research Methodology

                2.5 Research Phases

3. Seed Sector Overview

                3.1. Policies and Regulatory Environment

4. Market Dynamics

                4.1 Drivers

                                4.1.1 Increase in FDI in Vietnam Agriculture Sector

                                4.1.2 Reduction in Land-Use Fee for Agriculture Projects

                                4.1.3 Monetary Support by Government in Various Area Related to Agriculture Research & Marketing

                4.2 Restraints

                                4.2.1 Land Disputes Across Vietnam Due to Inadequate Compensation by Companies

                                4.2.2 Failure of Cooperative System to Deliver Seeds in the Commercial Market

                4.3 Porter's Five Forces Analysis

                                4.3.1 Bargaining Power of Suppliers

                                4.3.2 Bargaining Power of Buyers

                                4.3.3 Threat of New Entrants

                                4.3.4 Threat of Substitute Products and Services

                                4.3.5 Degree of Competition

5. Key Crops Under Cultivation (Overview, Area Harvested, and Production)

                5.1 Rice

                5.2 Maize

                5.3 Soybean

                5.4 Potato

                5.5 Watermelons

                5.6 Cabbages and Other Brassicas

                5.7 Cauliflower and Broccoli

                5.8 Groundnut

                5.9 Cotton

                5.10 Jute

6. Market Segmentation

                6.1 By Crop type

                                6.1.1 Grains and Cereals



                                       Other Grains and Cereals

                                6.1.2 Vegetables

                                6.1.3 Others

7. Competitive Landscape

                7.1 Most Adopted Strategies

                7.2 Most Active Companies

                7.3 Market Share Analysis

8. Company Profiles

                8.1 Vietnam National Seed Joint Stock Company (Vinaseed)

                8.2 Southern Seeds Joint Stock Company

                8.3 Bioseed  Vietnam Company Vietnam

                8.4 Thai Binh Seeds Corporation

                8.5 Bayer Vietnam Ltd

                8.6 Pioneer Hi-bred Vietnam Ltd

                8.7 Dekalb Vietnam Company Ltd (Monsanto)

                8.8 Vietnam Syngenta Co. Ltd

                8.9 East-West Seed Vietnam Company Ltd

                8.10 Trang Nong Seeds Company Ltd

                8.11 Green Seeds Inc.

                8.12 Vilmorin & Cie

9. Future of the Market

10. Appendix

Purchase Report

Our Clients Include View All

Looking to Customize Report?