Canada aims to further popularize its soybeans in Vietnam
Canada aims to further popularize its soybeans in Vietnam
A delegation from Canada is in HCMC to introduce its advanced soybean industry and further tap the Vietnamese market.
Speaking at a seminar held in HCMC on February 28, Chris Forbes, deputy minister of Agriculture and Agri-Food of Canada, said that Vietnam had imported 123,000 tons of its non-genetically-modified (non-GMO) soybeans in 2017, making it Canada’s fourth largest soybean buyer, after Japan, China and Malaysia.
Canada has shipped its soybeans to 71 countries, with Vietnam on the top 10 list of its buyers, Forbes said, adding that Canada’s soybean shipments to Vietnam have been on the rise for the past few years, with 56,000 tons, 90,000 tons and 124,000 tons being exported to Vietnam in 2012, 2015 and 2017.
Andrew Jones, director of Corporate Affairs of Soy Canada, said that even though no statistics on the volume of exported soybeans in 2018 have been released, from January to September 2018, the country exported 102,000 tons of its soybeans to Vietnam, revealing an upward trend.
In addition, Jones pointed out that its non-GMO soybeans accounted for the lion's share of 123,000 tons out of the total 124,000 tons of Canadian soybeans shipped to Vietnam in 2017.
Vietnam is Canada’s key soybean import market, given the high volume of exports to Vietnam, Jones said.
The delegation led by Forbes comprises 14 Canadian firms involved in exporting soybeans and related products.
Soybeans are one of Canada’s main products, with output recorded at over 7.7 million tons in 2017.
