Sugarcane faces plummeting prices Business

Sugarcane faces plummeting prices

The sugarcane sector is facing record-low prices despite an increase of 500,000 tonnes of output over last year, leading to high inventory levels, according to the Vietnam Sugar and Sugarcane Association.
Reforms needed for sugar industry Business

Reforms needed for sugar industry

The sugar industry needs to restructure to compete with rivals in other countries such as Thailand, according to the Vietnam Sugar and Sugarcane Association.
Sugar association looks to Prime Minister for help Business

Sugar association looks to Prime Minister for help

The Vietnam Sugar and Sugarcane Association proposed to the PM not to allow an extension for temporary sugar imports for re-export as the sweet industry was struggling with high stockpiles and slumping prices due to illegally imported sugar.
Tax on imported sugar to remain at 5 percent Business

Tax on imported sugar to remain at 5 percent

The tax on imported sugar, as stipulated by the ASEAN Trade in Goods Agreement (ATIGA), will be maintained at 5 percent from the beginning of this year, instead of zero percent as previously rumoured.
Vinamilk enters domestic sugar industry Business

Vinamilk enters domestic sugar industry

Vietnam’s dairy giant, Vinamilk, marked its presence in the local sugar industry by debuting the Vietnam Sugar Joint Stock Company (Vietsugar) on November 28 in the central province of Khanh Hoa’s Cam Lam district.
Local firms sour on sugar imports Business

Local firms sour on sugar imports

The additional import of 100,000 tonnes of sugar approved by the Ministry of Industry and Trade (MoIT) has raised concerns for local sugar producers.
Pilot bidding set for sugar imports Business

Pilot bidding set for sugar imports

The Ministry of Industry and Trade will establish a council to conduct pilot bidding on the import of 85,000 tonnes of sugar under a tariff rate quota (TRQ) this year.
Sugar imports to pressure prices Business

Sugar imports to pressure prices

An import quota of 86,000 tonnes of sugar during 2016 in line with the World Trade Organisation (WTO) rules, coupled with possible imports from Laos, will continue to burden local producers.
Business

Action needed to tackle sugar stockpiles

The Ministry of Industry and Trade late last week required businesses to cease importing sugar for re-export via sub-border gates in the northern province of Lao Cai.