The domestic sugarcane and sugar industry expects to continue output growth with the 2022-23 crop thanks to the positive production performance and the tariff policy's efficiency for importing sugar.
Seven enterprises were assigned tariff quotas with a total volume of 109,000 tonnes at a recent sugar import auction organised by the Ministry of Industry and Trade (MoIT).
The Ministry of Industry and Trade (MoIT) has issued a decision on the application of measures to prevent evasion of trade remedies against some cane sugar products imported from Cambodia, Indonesia, Laos, Malaysia and Myanmar.
The making of young rice crackers in Tan Thanh ward in the southernmost province of Ca Mau began nearly half of a century ago. The Tan Thanh brand has affirmed its position in the market amid competition from new types of snacks with appealing packaging.
Weak demand for domestic sugar and the penetration of smuggled sugar have been dragging down sugar prices in Vietnam, driving many producers into unprofitability.
The Vietnamese Ministry of Industry and Trade has decided to extend its investigation and application of measures against trade remedy circumvention on certain cane sugar products from some Southeast Asian countries.
Dubai-based Al Khaleej Sugar Co. (AKS) plans to invest 2 billion USD to develop a sugar factory and supporting facilities in Indonesia, which could help fill the country’s supply gap.
Vietnam remains the biggest sugar importer, third largest trading partner and the third biggest foreign investor of Laos, after Thailand and China, Vientiane Times reported on October 11.
The Ministry of Industry and Trade (MoIT) on September 21 issued a decision to investigate the evasion of trade remedies for cane sugar products originating from Thailand after considering requests from domestic sugar producers.
The Ministry of Industry and Trade (MoIT) has decided to impose official anti-dumping and anti-subsidy duty of 47.64 percent on a number of cane sugar products originated from Thailand for five years from June 15, according to the Trade Remedies Authority.
Thailand’s Cabinet on May 11 approved a subsidy worth 6 billion baht (192 million USD) for sugarcane farmers who cut fresh cane for sugar factories instead of burning them, in a bid to reduce air pollution caused by the burning of plantations.
The prospects for the domestic sugar industry look brighter this year due to efforts to control smuggling and the imposition of duties on sugar imported from Thailand.
The sugar industry is facing many challenges and unfair competition from imported and smuggled goods, experts told a conference held in Hanoi on December 1.
While many people believe that sugarcane farmers will face difficulties after Vietnam implements the ASEAN Trade In Goods Agreement (ATIGA), there are also some who say it could offer bright prospects for Vietnamese sugarcane to maximise its economic value if there is coordination between the State, scientists, entrepreneurs and especially farmers.
Tariffs cut to zero under the ASEAN Trade in Goods Agreement (ATIGA) from January 1 this year and the COVID-19 pandemic have made for a tough year for the sugar industry, heard an online seminar held by Nhan Dan (People) e-newspaper on September 16.
Minister of Industry and Trade Tran Tuan Anh has asked agencies to implement measures on trade remedies, import and export management and strengthen market management for sugar products.
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