The seed market in Vietnam has experienced transformation over the past few years. The industry has grown over the last few years and has engaged millions of farmers, large number of private and public seed companies serving the need of the country’s agricultural demand. The rice seed market has been the largest market in Vietnam over the years while corn seed market is one of the fastest growing markets in the country. The seed market in Vietnam has registered a CAGR of 1.7% during 2008-2013 by rising from USD ~ million in 2008 to USD ~ million in 2013. Rice seed has been the major contributor in Vietnam seed industry with ~% of the total seed market in 2013.

Non hybrid seeds segment commanded the largest share of ~% share of the total seed sales in the country in 2013 which has risen from ~% in 2008 followed by hybrid seeds which grew from USD ~ million in 2008 to USD ~ million in 2013. Hybrid corn accounted for the highest share of ~% of the total hybrid seeds sales in Vietnam in 2013, followed by hybrid rice seeds which accounted for ~% of the total hybrid seed sales in Vietnam during the same year. 

The Vietnam seed market is highly fragmented with a large number of domestic players operating the market. Many international companies have also established their base in the country and are trying to build their own supply chain model for the production and distribution of seeds in the country. International players such as CP group, Syngenta and others are partnering with local farmers and research institutes to produce high quality crop and vegetable seeds in the country.