Vietnam Seed Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

The Vietnam Seed Market is segmented by Breeding Technology (Hybrids, Open Pollinated Varieties & Hybrid Derivatives), by Cultivation Mechanism (Open Field, Protected Cultivation) and by Crop Type (Row Crops, Vegetables). The market volume and value are presented in metric ton and USD respectively. The key data points include the market size of seeds by breeding technology, cultivation mechanism and crop.

Vietnam Seed Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

Vietnam Seed Market Size

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Vietnam Seed Market Summary
Study Period 2017 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 373.5 Million
Market Size (2030) USD 470.6 Million
CAGR (2025 - 2030) 4.73 %
Market Concentration Low

Major Players

Vietnam Seed Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Vietnam Seed Market with other markets in Agriculture Industry

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Vietnam Seed Market Analysis

The Vietnam Seed Market size is estimated at 373.5 million USD in 2025, and is expected to reach 470.6 million USD by 2030, growing at a CAGR of 4.73% during the forecast period (2025-2030).

Vietnam's seed industry analysis is experiencing a significant transformation driven by government initiatives to promote domestic seed production and reduce import dependency. The government has implemented strategic price restrictions on international seed companies while actively supporting locally bred varieties to ensure affordability for farmers. This policy framework has resulted in open-pollinated varieties and hybrid derivatives (OPVs) commanding a substantial 56% market share in 2022, with 90.7% of these OPVs being utilized specifically in row crops. These measures are particularly aimed at supporting low-income farmers by providing them access to quality seeds at reasonable prices.


The market structure reflects a strong preference for non-transgenic varieties, which accounted for 95.2% of the hybrid seed market in 2022. This dominance is attributed to factors including traditional farming practices, regulatory frameworks, and consumer preferences for conventional crop varieties. The industry has witnessed a significant dependence on imports, with approximately 70-80% of hybrid seeds being sourced from international markets, highlighting the need for strengthening domestic seed production capabilities.


The Vietnamese seed market is characterized by a complex interplay between traditional and modern agricultural practices. The market demonstrates a particular strength in maize seed production, with maize seeds holding 36.7% of the non-transgenic hybrid market share in 2022. This significant share reflects the crop's importance in both food security and agricultural economics, particularly in the northern midland and mountainous regions where hybrid seed adoption is notably high.


The vegetable seed segment presents a unique dynamic within the market, with approximately 80% of hybrid vegetable seeds being imported from countries including Thailand, China, Japan, South Korea, and France. This high import dependency is primarily attributed to the sophisticated breeding technologies and research capabilities required for vegetable seed production, which are still developing within Vietnam. The government's focus on enhancing domestic seed production capabilities, combined with efforts to improve research and development infrastructure, is gradually reshaping the market landscape, although the transition remains a long-term process.

Segment Analysis: Breeding Technology

Open Pollinated Varieties & Hybrid Derivatives Segment in Vietnam Seed Market

Open Pollinated Varieties and Hybrid Derivatives (OPVs) constitute the dominant segment in Vietnam's seed market, commanding approximately 56% of the total market value in 2024. The segment's leadership position is primarily attributed to the Vietnamese government's active promotion of locally bred open-pollinated varieties through price control measures on international seed companies. OPVs have gained significant traction among farmers due to their lower input requirements, better affordability for low-income farmers, and superior adaptation to local environmental conditions. The segment's strength is particularly evident in row crops, where it holds about 90% of the OPVs seed market, demonstrating its crucial role in Vietnam's agricultural landscape. The reduced reliance on hybrid seed imports and the development of locally adapted seeds have provided farmers with high-yielding varieties at more competitive prices, further solidifying the segment's market position.

Market Analysis of Vietnam Seed Market: Chart for Breeding Technology

Hybrids Segment in Vietnam Seed Market

The Hybrids segment, encompassing both non-transgenic and transgenic varieties, is projected to demonstrate the strongest growth trajectory in Vietnam's seed market between 2024-2029. This growth is driven by the segment's superior productivity characteristics, wider adaptability, and enhanced resistance to insects and diseases. The segment's expansion is particularly notable in the vegetable sector, where hybrid adoption rates exceed 73% due to their ability to provide resistance against various diseases such as Tomato Leaf Curl Virus (TCLV) and Cucumber Leaf Curl Virus (CLCV), while also offering early maturity and improved product characteristics. The increasing demand for higher yields, coupled with the growing adoption of hybrid seeds in major crops like maize, where hybrid usage is prevalent especially in the northern midland and mountainous regions, continues to drive this segment's growth. The development of new hybrid varieties with enhanced traits and the expansion of research and development activities by major seed companies are further accelerating the segment's growth momentum.

Segment Analysis: Cultivation Mechanism

Open Field Segment in Vietnam Seed Market

The open field cultivation segment dominates the Vietnam seed market, accounting for approximately 99.9% of the total market value in 2024. This overwhelming dominance is primarily attributed to its widespread adoption across both row crops and vegetable cultivation. Row crops contribute significantly to this segment, holding about 80% share of open field cultivation, as these crops require seeds in high volume and are exclusively cultivated under open field conditions. The Mekong River Delta and Red River Delta regions are the major cultivation hubs, particularly for rice which occupies over 7.2 million hectares. The segment's strength is further reinforced by the cultivation of other major crops like corn, which covers nearly 908,800 hectares, primarily in the Northern mountains, central provinces, and central highlands. The lower initial investment requirements compared to protected cultivation, combined with the increasing availability of more seed varieties specifically developed for open-field cultivation, continue to drive the segment's dominance in the Vietnamese seed market.

Protected Cultivation Segment in Vietnam Seed Market

The protected cultivation segment in Vietnam's seed market is experiencing rapid growth, projected to expand at approximately 13% annually from 2024 to 2029. This growth is primarily driven by the increasing adoption of modern agricultural practices, particularly in vegetable cultivation, as farmers seek to combat the challenges posed by climate change and ensure year-round production. The segment's expansion is supported by government initiatives introducing subsidies for setting up indoor farms and greenhouses, encouraging wider adoption among farmers. The area under protected cultivation has shown significant expansion, driven by the introduction of new seed varieties specifically developed for controlled environments. The segment's growth is further accelerated by the advantages it offers, including improved product quality, higher yields, and the ability to command premium prices during off-seasons. The increasing awareness among farmers about the benefits of protected cultivation, coupled with proper training programs and the availability of specialized seed varieties, is expected to maintain this strong growth trajectory.

Segment Analysis: Crop Type

Grains & Cereals Segment in Vietnam Seed Market

The grains and cereals segment dominates the Vietnam seed market, accounting for approximately 71% of the total market value in 2024. Rice and corn are the major crops within this segment, with rice alone representing nearly 72% of the grains and cereals seed market. The Mekong River Delta and Red River Delta regions are the primary rice-cultivating areas, accounting for about 70% of the rice cultivation area in the country. The segment's dominance is driven by rice being the primary staple food crop, requiring an additional 150,000-200,000 metric tons annually to meet growing domestic consumption demands. Meanwhile, corn cultivation is concentrated in the Northern mountains, central provinces, and central highlands, with the Northern midland and mountainous regions accounting for around 46% of the total corn cultivation area, primarily driven by demand from the aquaculture and poultry sectors for feed production.

Solanaceae Segment in Vietnam Seed Market

The Solanaceae segment is emerging as the fastest-growing category in the Vietnam seed market, projected to grow at approximately 5% during 2024-2029. This remarkable growth is primarily attributed to the increased production and rising demand from the processing industry, along with the segment's adaptability to wider growing environments. The segment's growth is further supported by the increasing adoption of hybrid varieties, particularly in tomatoes and chilies, which offer improved disease resistance and higher yields. The expansion of protected cultivation methods for Solanaceae crops, especially in regions with adverse weather conditions, is also contributing to the segment's growth. Additionally, the development of new varieties with enhanced traits such as resistance to Tomato Mosaic Virus (TMV), Tomato Brown Rugose Fruit Virus (ToBRFV), and bacterial wilts is driving farmer adoption and market expansion.

Remaining Segments in Crop Type

The Vietnam seed market encompasses several other significant segments including fiber crops, forage crops, oilseeds, pulses, brassicas, cucurbits, and roots & bulbs. The fiber crops segment, primarily dominated by cotton, plays a crucial role in supporting the country's textile industry. Forage crops are essential for supporting the growing livestock sector, while oilseeds contribute to both food security and industrial applications. The pulses segment is gaining importance due to increasing protein demand and sustainable agriculture practices. In the vegetables category, brassicas, cucurbits, and roots & bulbs segments each serve specific market niches, with varying levels of hybrid adoption and protected cultivation practices. These segments collectively contribute to the market's diversity and help meet the varied agricultural needs of different regions within Vietnam.

Vietnam Seed Industry Overview

Top Companies in Vietnam Seed Market

The Vietnam seed market features a mix of global agricultural giants and regional specialists actively competing through various strategic initiatives. Product innovation emerges as a primary strategy, with Vietnam seed companies focusing on developing varieties adapted to local growing conditions and resistant to regional pests and diseases. Operational agility is demonstrated through extensive research and development networks, with many companies maintaining dedicated breeding stations and production facilities within Vietnam. Strategic partnerships, particularly between international and local players, have become increasingly common to enhance market penetration and distribution capabilities. Companies are expanding their footprint through investments in research facilities, production centers, and distribution networks, while simultaneously strengthening their engagement with farmers through training programs and technical support services.

Fragmented Market with Strong Local Presence

The Vietnamese seed market exhibits a fragmented structure with a balanced presence of both international conglomerates and domestic specialists. Global agricultural companies like Bayer AG and Groupe Limagrain compete alongside strong regional players such as Vietnam National Seed Group and Known You Seed Co., creating a dynamic competitive environment. The market demonstrates a relatively low level of consolidation, with multiple players maintaining significant market shares across different crop segments, particularly in rice, corn, and vegetable seeds.


The market has witnessed strategic mergers and acquisitions aimed at expanding product portfolios and strengthening regional presence. International companies are increasingly pursuing partnerships with local seed producers and distributors to enhance their market penetration and better understand regional farming practices. Local companies, meanwhile, are leveraging their deep understanding of domestic agricultural conditions and established farmer relationships to maintain their competitive position, while simultaneously seeking technological collaborations with global players to enhance their breeding capabilities.

Innovation and Distribution Drive Market Success

Success in the Vietnamese seed market increasingly depends on companies' ability to develop locally adapted varieties while maintaining strong distribution networks. Companies must invest in research and development to create seeds that address specific regional challenges, including climate resilience and disease resistance. Building strong relationships with farmers through demonstration programs, technical support, and training initiatives has become crucial for market success. The development of efficient distribution channels, particularly in rural areas, combined with competitive pricing strategies, plays a vital role in gaining market share.


Future market leadership will require companies to balance technological innovation with local market understanding. Established players need to continue investing in research and development while maintaining strong farmer relationships and distribution networks. New entrants must focus on developing niche market segments or specialized crop varieties while building trust with local farming communities. The increasing focus on sustainable agriculture and changing climatic conditions will require companies to develop more resilient seed varieties. Additionally, companies must navigate the regulatory environment, particularly regarding genetically modified organisms, while maintaining compliance with national agricultural policies.

Vietnam Seed Market Leaders

  1. Bayer AG

  2. Enza Zaden

  3. Groupe Limagrain

  4. Known You Seed Co. Ltd

  5. Vietnam National Seed Group (VINASEED)

  6. *Disclaimer: Major Players sorted in no particular order
Vietnam Seed Market Concentration
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Vietnam Seed Market News

  • July 2023: Enza Zaden introduced new lettuce varieties that exhibit high resistance to three new Bermian races, namely, Bl: 38EU, Bl: 39EU, and Bl: 40EU. The new lettuce varieties not only offer high resistance to these races but also have the capability to grow in various soil types while still achieving high yields.
  • July 2023: Enza Zaden acquired the carrot breeding program from the German company Carosem. This strategic acquisition aims to expand Enza Zaden's product portfolio by incorporating carrot seeds with several commercial varieties and inventories.
  • May 2023: Enza Zaden launched a new line of HREZ tomato varieties that are highly resistant to the tomato brown rugose fruit virus (ToBRFV) and deliver exceptional taste, yield, and quality. The HREZ tomatoes are available in various types, including Roma, Beef, Grape, Cherry, and Cocktail.

Vietnam Seed Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 Area Under Cultivation
    • 4.1.1 Row Crops
    • 4.1.2 Vegetables
  • 4.2 Most Popular Traits
    • 4.2.1 Cucumber & Asparagus
    • 4.2.2 Rice & Corn
    • 4.2.3 Tomato & Cabbage
  • 4.3 Breeding Techniques
    • 4.3.1 Row Crops & Vegetables
  • 4.4 Regulatory Framework
  • 4.5 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD, Forecasts up to 2030 and analysis of growth prospects)

  • 5.1 Breeding Technology
    • 5.1.1 Hybrids
    • 5.1.1.1 Non-Transgenic Hybrids
    • 5.1.1.2 Transgenic Hybrids
    • 5.1.1.2.1 Herbicide Tolerant Hybrids
    • 5.1.1.2.2 Insect Resistant Hybrids
    • 5.1.2 Open Pollinated Varieties & Hybrid Derivatives
  • 5.2 Cultivation Mechanism
    • 5.2.1 Open Field
    • 5.2.2 Protected Cultivation
  • 5.3 Crop Type
    • 5.3.1 Row Crops
    • 5.3.1.1 Fiber Crops
    • 5.3.1.1.1 Cotton
    • 5.3.1.1.2 Other Fiber Crops
    • 5.3.1.2 Forage Crops
    • 5.3.1.2.1 Alfalfa
    • 5.3.1.2.2 Forage Corn
    • 5.3.1.2.3 Other Forage Crops
    • 5.3.1.3 Grains & Cereals
    • 5.3.1.3.1 Corn
    • 5.3.1.3.2 Rice
    • 5.3.1.3.3 Other Grains & Cereals
    • 5.3.1.4 Oilseeds
    • 5.3.1.4.1 Canola, Rapeseed & Mustard
    • 5.3.1.4.2 Soybean
    • 5.3.1.4.3 Other Oilseeds
    • 5.3.1.5 Pulses
    • 5.3.2 Vegetables
    • 5.3.2.1 Brassicas
    • 5.3.2.1.1 Cabbage
    • 5.3.2.1.2 Carrot
    • 5.3.2.1.3 Cauliflower & Broccoli
    • 5.3.2.1.4 Other Brassicas
    • 5.3.2.2 Cucurbits
    • 5.3.2.2.1 Cucumber & Gherkin
    • 5.3.2.2.2 Pumpkin & Squash
    • 5.3.2.2.3 Other Cucurbits
    • 5.3.2.3 Roots & Bulbs
    • 5.3.2.3.1 Garlic
    • 5.3.2.3.2 Onion
    • 5.3.2.3.3 Potato
    • 5.3.2.3.4 Other Roots & Bulbs
    • 5.3.2.4 Solanaceae
    • 5.3.2.4.1 Chilli
    • 5.3.2.4.2 Eggplant
    • 5.3.2.4.3 Tomato
    • 5.3.2.4.4 Other Solanaceae
    • 5.3.2.5 Unclassified Vegetables
    • 5.3.2.5.1 Asparagus
    • 5.3.2.5.2 Spinach
    • 5.3.2.5.3 Other Unclassified Vegetables

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 Bayer AG
    • 6.4.2 Bejo Zaden BV
    • 6.4.3 DCM Shriram Ltd (Bioseed)
    • 6.4.4 East-West Seed
    • 6.4.5 Enza Zaden
    • 6.4.6 Groupe Limagrain
    • 6.4.7 Known You Seed Co. Ltd
    • 6.4.8 Rijk Zwaan Zaadteelt en Zaadhandel BV
    • 6.4.9 Syngenta Group
    • 6.4.10 Vietnam National Seed Group (VINASEED)
  • *List Not Exhaustive

7. KEY STRATEGIC QUESTIONS FOR SEEDS CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Global Market Size and DROs
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
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Vietnam Seed Industry Segmentation

Hybrids, Open Pollinated Varieties & Hybrid Derivatives are covered as segments by Breeding Technology. Open Field, Protected Cultivation are covered as segments by Cultivation Mechanism. Row Crops, Vegetables are covered as segments by Crop Type.
Breeding Technology Hybrids Non-Transgenic Hybrids
Transgenic Hybrids Herbicide Tolerant Hybrids
Insect Resistant Hybrids
Open Pollinated Varieties & Hybrid Derivatives
Cultivation Mechanism Open Field
Protected Cultivation
Crop Type Row Crops Fiber Crops Cotton
Other Fiber Crops
Forage Crops Alfalfa
Forage Corn
Other Forage Crops
Grains & Cereals Corn
Rice
Other Grains & Cereals
Oilseeds Canola, Rapeseed & Mustard
Soybean
Other Oilseeds
Pulses
Vegetables Brassicas Cabbage
Carrot
Cauliflower & Broccoli
Other Brassicas
Cucurbits Cucumber & Gherkin
Pumpkin & Squash
Other Cucurbits
Roots & Bulbs Garlic
Onion
Potato
Other Roots & Bulbs
Solanaceae Chilli
Eggplant
Tomato
Other Solanaceae
Unclassified Vegetables Asparagus
Spinach
Other Unclassified Vegetables
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Vietnam Seed Market Research FAQs

How big is the Vietnam Seed Market?

The Vietnam Seed Market size is expected to reach USD 373.48 million in 2025 and grow at a CAGR of 4.73% to reach USD 470.65 million by 2030.

What is the current Vietnam Seed Market size?

In 2025, the Vietnam Seed Market size is expected to reach USD 373.48 million.

Who are the key players in Vietnam Seed Market?

Bayer AG, Enza Zaden, Groupe Limagrain, Known You Seed Co. Ltd and Vietnam National Seed Group (VINASEED) are the major companies operating in the Vietnam Seed Market.

Which segment has the biggest share in the Vietnam Seed Market?

In the Vietnam Seed Market, the Open Pollinated Varieties & Hybrid Derivatives segment accounts for the largest share by breeding technology.

Which is the fastest growing segment in the Vietnam Seed Market?

In 2025, the Hybrids segment accounts for the fastest growing by breeding technology in the Vietnam Seed Market.

What years does this Vietnam Seed Market cover, and what was the market size in 2025?

In 2025, the Vietnam Seed Market size was estimated at 373.48 million. The report covers the Vietnam Seed Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Vietnam Seed Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Vietnam Seed Market Research

Mordor Intelligence provides comprehensive expertise in seed industry analysis through detailed research of the seed market in Vietnam. Our extensive coverage includes major vietnam seed companies and their strategic developments. This offers stakeholders crucial insights into this dynamic sector. The report thoroughly examines the production, distribution, and technological advancements of vietnam seeds. This is supported by primary research and statistical analysis.

This detailed market research report, available as a PDF for easy download, offers stakeholders actionable intelligence on market dynamics, competitive landscapes, and growth opportunities. Our analysis covers both traditional and hybrid seed segments. It includes specialized categories such as vegetable, grain, and flower seeds. The report provides valuable insights for industry participants, investors, and decision-makers. This enables them to understand current trends and make informed strategic choices in Vietnam's evolving agricultural sector.