Vietnam’s Palm Oil Market in Statistical Focus
When it comes to palm oil, Vietnam isn’t the first name that pops into mind — and for good reason. Compared to global giants like Indonesia and Malaysia, Vietnam plays a modest role in palm oil production and exports. In fact, most of the palm oil in Vietnam is imported to cover domestic needs.
Let’s paint the big picture with some numbers. Vietnam’s total trade in 2024 amounted to a massive $786.29 billion. Of this, exports accounted for $405.53 billion, while imports stood at $380.76 billion — giving the country a healthy trade surplus of $24.77 billion. Although palm oil doesn’t contribute significantly to these totals, it’s still a key commodity, particularly in the food and manufacturing sectors.
What’s intriguing is that despite limited domestic production, the palm oil sector is gaining traction. International players — like Musim Mas, one of the world’s leading palm oil companies — have set up shop in Vietnam, signaling growing interest in the country’s market potential.
In a crowded, competitive market, finding the right supplier is everything. And that’s where a data-driven approach becomes your best friend. Instead of guessing, sourcing platforms like Freshdi provide hard numbers, supplier performance data, and real-time RFQ trends to help buyers make smarter decisions.
Key Production, Export Statistics & Demand Insights
Vietnam’s palm oil production? Still relatively small. But that doesn’t mean there’s no movement. The country has been investing in palm oil plantations to reduce its import dependency. However, as of now, imports still account for about 70% of the palm oil supply.
The vegetable oil market, dominated by palm oil, is expected to hit $1 billion by 2027, growing at a CAGR of 7.3% from 2025 to 2029. Urbanization, rising income levels, and changing consumption habits are fueling this growth. Palm oil continues to hold around 70% market share, but there’s increasing demand for alternatives like sunflower and rice bran oil.
So, what does this mean for you? It means opportunity — whether you’re sourcing palm oil for food production, retail, or industrial use, Vietnam is an emerging player worth watching. And platforms like Freshdi give you a peek into RFQ volumes, active trade routes, and supplier performance metrics, helping you stay one step ahead.
Top 5 Verified Palm Oil Suppliers in Vietnam – Proven Export Performers
Looking for reliable palm oil exporters in Vietnam? Here are the Top 5 Verified Suppliers in Vietnam for Q3 2025, chosen based on performance, global reach, certifications, and buyer reviews on Freshdi.
1. GOURMET FOODS INTERNATIONAL COMPANY LIMITED
This company has built a solid reputation for quality and consistency. They offer refined palm oil suitable for both culinary and industrial applications. Their export volumes have steadily increased, and they boast a reliable supply chain.
2. Amber brook
A go-to name for crude palm oil, Amber brook is known for competitive pricing and responsive customer service. They cater to clients across Asia and the Middle East and have demonstrated consistent fulfillment rates on Freshdi.
3. SAIGON ECO GREEN CORPORATION
This eco-conscious company specializes in RBD palm oil — CP6, CP8, CP10 — and offers bulk export options. With sustainability certifications and strong buyer reviews, they’re a reliable partner for long-term sourcing.
4. GIA GIA NGUYEN CO., LTD
Offering both cooking-grade and crude palm oil, Gia Gia Nguyen is popular among regional distributors. Their logistics network and quality assurance practices make them a top performer on Freshdi’s verified supplier list.
5. G&G CONCEPT COMPANY LIMITED
Though their palm oil is sourced from Indonesia, G&G Concept operates out of Vietnam and handles distribution across ASEAN. They’re a preferred vendor for clients seeking premium-grade palm cooking oil, especially for vegetarian food applications.
Dynamic Ranking Note
Keep in mind that supplier rankings aren’t set in stone. Platforms like Freshdi update their “Suppliers of the Month/Quarter” based on real-time order fulfillment rates, buyer ratings, and new certifications. Check back regularly to see who’s climbing the ranks!
Statistical Trends, Pricing Analysis & Export Dynamics
Let’s break it down further. Palm oil prices and demand trends in Vietnam are influenced by a mix of local and global factors.
Export Trends & Demand
- Palm oil holds about 70% of the vegetable oil market in Vietnam.
- Imports continue to dominate, but government initiatives aim to boost local production.
- Demand is surging thanks to lifestyle changes, urban growth, and a rising middle class.
Seasonal Price Fluctuations
- Prices tend to rise during Q1 and Q4 — think holidays, Tet (Lunar New Year), and winter demand from export markets.
- Festive seasons lead to increased consumption and stockpiling.
Global Market Influence
- Shipping costs, geopolitical issues, and climate events like El Niño can send prices climbing.
- For instance, in Q4 2024, prices peaked above USD 1,200 per metric ton.
Current Price Trends
- As of February 2025, the price was USD 1,039.64/MT, with a slight monthly uptick of 0.63%.
- Despite a cooling-off from last year’s highs, prices remain above historical averages.
Outlook: Growth on the Horizon
Vietnam’s agro-forestry-fishery export sector, which includes palm oil-related goods, hit $6.28 billion in May 2025, up 19.6% YoY. This shows resilience and growth potential even amid global market volatility.
Conclusion – Leveraging Data for Strategic Sourcing
Vietnam might not be a palm oil powerhouse yet, but it’s carving out a niche in the global trade arena. With imports dominating the market and domestic demand rising fast, the country is becoming an attractive destination for sourcing and distribution.
To succeed in this space, you need more than just a list of suppliers — you need insights. Data-backed platforms like Freshdi offer:
- Verified supplier profiles
- Historical export data
- Real-time RFQ trends
- Seasonal pricing insights
By using these tools, businesses can make smarter sourcing decisions, minimize risks, and optimize costs. Whether you’re a wholesaler, FMCG brand, or industrial buyer, tapping into Vietnam’s evolving palm oil market could bring big rewards.
Key Takeaways
- Vietnam relies heavily on palm oil imports but is investing in domestic production.
- The vegetable oil market is growing at 7.3% CAGR, with palm oil leading the charge.
- Seasonal and global factors heavily influence pricing.
- Verified suppliers on Freshdi offer a safe, data-backed way to source quality palm oil.
- The market is dynamic — staying informed is key to gaining a competitive edge.
Buyer’s Checklist for Sourcing Palm Oil in Vietnam
- ✅ Check supplier certifications (ISO, HACCP, Halal, etc.)
- ✅ Compare seasonal pricing trends
- ✅ Review Freshdi’s RFQ data and buyer feedback
- ✅ Shortlist based on volume and delivery capabilities
- ✅ Monitor “Supplier of the Month” updates for top performers
Future Outlook: Vietnam’s Palm Oil Trajectory
Vietnam’s palm oil market is undergoing transformation. With rising demand, government support for agriculture, and international investment, the country is slowly shifting from a pure importer to a strategic trade hub.
And with tools like Freshdi, buyers can ride this wave with confidence — leveraging data, vetting suppliers, and securing better deals.
FAQs
1. Is Vietnam a major producer of palm oil?
Not yet. Vietnam mainly imports palm oil but is working to boost its own production through agricultural development.
2. What types of palm oil are most commonly exported from Vietnam?
Refined palm oil (e.g., CP6, CP8, CP10) and crude palm oil are the most commonly exported types.
3. How do I verify a supplier’s credibility in Vietnam?
Use platforms like Freshdi to check supplier certifications, buyer reviews, and export history.
4. Are palm oil prices stable year-round?
Nope. Prices usually spike during Q1 and Q4 due to seasonal demand and global factors like weather or shipping costs.
5. Can I find eco-friendly or sustainable palm oil suppliers in Vietnam?
Yes, several suppliers like SAIGON ECO GREEN CORPORATION focus on sustainability and hold relevant certifications.
References
- Vietnam Economy – Wikipedia
- Musim Mas in Vietnam – Wikipedia
- Palm Oil Trade in Vietnam – Info Sawit
- Palm Oil Market Snapshot – Freshdi
- Palm Oil Price Trends – TLD Vietnam
- Vietnam Agro Exports – Vietnam News
