AsemconnectVietnam - Vietnam's corn market remained largely stable in May 2026, with domestic grain prices showing little change from the previous month despite continued strong import volumes and steady demand from the livestock sector.

Domestic corn prices were generally quoted between 8,000 and 9,000 dong per kg during the month, reflecting a relatively balanced supply-demand situation in the local market.
Domestic production remained stable, ensuring adequate supplies, while demand from the livestock industry – the country's largest corn-consuming sector – showed no significant short-term increase.
Prices of processed corn products, including dried and sun-dried corn kernels, also remained broadly unchanged at around 7,000-7,500 dong per kg, indicating limited upward pressure on the market during the month.
Corn imports surged in the first four months
According to preliminary statistics from the Vietnam Customs Department, Vietnam imported 817,654 tonnes of corn in April 2026, valued at $208.3 million, at an average price of $254.77 per tonne.
The volume was down 15.43% from March, while import value declined 14.11%. However, the average import price increased by 1.57% month-on-month.
Compared with April 2025, corn imports fell 6.24% in volume and 8.75% in value, while the average price decreased 2.68%.
In the first four months of 2026, Vietnam imported 4.44 million tonnes of corn worth approximately $1.1 billion, at an average price of $248.86 per tonne.
The volume increased 48.03% year-on-year, while import value rose 42.69%. The average import price, however, declined 3.61% from the corresponding period of 2025.
Brazil remained the leading corn supplier
Brazil continued to be Vietnam's largest corn supplier.
In April 2026, Vietnam imported 80,105 tonnes of corn from Brazil worth $20.45 million, at an average price of $255.32 per tonne.
Compared with March, imports from Brazil dropped sharply by 81.94% in volume and 81.39% in value, while the average price increased 3.07%.
During the January-April period, imports from Brazil reached 2.257 million tonnes worth $556.8 million, with an average price of $246.67 per tonne.
The volume increased 125% year-on-year, while import value rose 122.58%. The average price declined 1.09%.
Brazil accounted for 50.79% of Vietnam's total corn import volume and 50.34% of total import value during the four-month period.
Argentina ranked second
Argentina remained the second-largest supplier of corn to Vietnam.
Imports from Argentina totaled 486,143 tonnes in April 2026, valued at $122.8 million, with an average price of $252.60 per tonne.
Compared with the previous month, import volume increased 73.8%, while import value rose 74.34%. The average price edged up 0.31%.
In the first four months of the year, Vietnam imported 1.12 million tonnes of corn from Argentina worth $281.2 million.
The volume declined 7.07% year-on-year, while import value fell 10.1%. The average price decreased 3.21%.
Argentina accounted for 25.22% of Vietnam's total corn import volume and 25.43% of total import value during the period.
Imports from India continued to rise
Corn imports from India reached 105,154 tonnes in April 2026, valued at more than $26.2 million.
The average import price stood at $249.25 per tonne.
Compared with March, import volume increased 26.32%, while import value rose 21.88%. The average price fell 3.52%.
Soybean imports remained dominated by the United States and Brazil
The United States remained Vietnam's largest soybean supplier.
In April 2026, Vietnam imported 50,769 tonnes of soybeans from the United States worth $24.35 million, at an average price of $479.63 per tonne.
Compared with March, import volume declined 60.86%, while import value fell 60.9%. The average price slipped 0.09%.
During the first four months of 2026, soybean imports from the United States totaled 595,158 tonnes worth $282.4 million, with an average price of $474.55 per tonne.
The United States accounted for 59.42% of Vietnam's total soybean import volume and 52.14% of total import value during the period.
Brazil ranked as the second-largest soybean supplier.
In April 2026, Vietnam imported 160,947 tonnes of soybeans from Brazil worth $77.3 million, at an average price of $480.33 per tonne.
Brazil accounted for 38.63% of Vietnam's total soybean import volume and 38.9% of total soybean import value during the month.
In addition to the United States and Brazil, Vietnam also imported soybeans from Argentina, Canada and Cambodia.
Overall, Vietnam's feed grain market remained well supplied in May, supported by strong corn imports and stable domestic production. While import volumes continued to rise sharply compared with last year, domestic corn prices showed limited movement, reflecting balanced market fundamentals and moderate demand growth from the livestock sector.
Source: VITIC/ Vietnam Customs Department