Vietnam is growing as a market for U.S. agricultural products, including ethanol, according to a new report from USDA’s Foreign Agriculture Service.

The United States was the largest supplier of ethanol to Vietnam last year at $4.3 million, with a market share of 58 percent. This year, the International Energy Agency forecasts Vietnam to consume around 2.9 billion gallons of ethanol and expects consumption to continue growing throughout the decade.

Vietnam has expanded its ethanol blending rate to 10 percent, increasing demand for ethanol for on-road fuel use. Previously, Vietnam had a 5 percent ethanol blend rate mandated for only one grade of gasoline. On June 1, 2026, Vietnam successfully began implementing a national requirement that all 95-octane unleaded gasoline must contain 10 percent ethanol (E10). This development will most likely further boost ethanol demand. In advance of the E10 ethanol mandate, Vietnam announced the unilateral reduction of most-favored-nation (MFN) tariffs on ethanol from 10 to 5 percent.

In addition, Vietnam is a growing market for the ethanol co-product distillers dried grains with solubles (DDGS). U.S. exports of DDGS in 2025 were $272 million, up four percent from 2024. That is expected to increase this year as Vietnamese feed companies and U.S. private companies signed two memoranda of understanding in June 2025, committing to purchase 900,000 metric tons of U.S. corn and 250,000 metric tons of U.S. DDGS.