Vietnam to auction sugar import quotas for 94,000 tonnes
The Ministry of Industry and Trade (MoIT) will hold bids for the right to import 94,000 tonnes of sugar this year.
Farmers harvest sugar canes (Source: VNA) Hanoi (VNA) - The Ministry of Industry and Trade (MoIT) will hold bids for the right to import 94,000 tonnes of sugar this year.
Per a ministry circular on managing import tariff quotas for sugar, bidders can include traders who supply sugar for food manufacturing and traders supplying raw sugar for the production of refined sugar. The ministry will set up a council for the auction.
This is the third time that the MoIT will hold such a sugar import bidding, following the Vietnam Sugarcane Association’s repeated proposals over the years to open tenders.
An auction was held for the first time in September 2016 for duty quota to import 85,000 tonnes of raw and refined sugar. Eleven businesses won the tender.
Last year, the auction council permitted businesses to import 44,000 tonnes of raw sugar and 45,500 tonnes of refined sugar.-VNA
Per a ministry circular on managing import tariff quotas for sugar, bidders can include traders who supply sugar for food manufacturing and traders supplying raw sugar for the production of refined sugar. The ministry will set up a council for the auction.
This is the third time that the MoIT will hold such a sugar import bidding, following the Vietnam Sugarcane Association’s repeated proposals over the years to open tenders.
An auction was held for the first time in September 2016 for duty quota to import 85,000 tonnes of raw and refined sugar. Eleven businesses won the tender.
Last year, the auction council permitted businesses to import 44,000 tonnes of raw sugar and 45,500 tonnes of refined sugar.-VNA
You should also see
China’s fishing ban in East Sea violates Vietnam’s sovereignty: spokesperson
Foreign Ministry spokesperson Pham Thu Hang on April 25 said Vietnam’s consistent stance on China’s fishing ban in the East Sea, which has been affirmed clearly over the past years.
See more
Business
Dong Nai calls for Korean investment into green growth
The southern province Dong Nai introduced its investment projects and incentives to the Republic of Korea (RoK)’s firms at a workshop in Seoul on April 25.
Business
Vietnam ranks fifth among aquatic product suppliers for Singapore
Vietnam jumped one place to become the fifth largest exporter of aquatic products to Singapore for the first time in the first quarter of this year, according to its Trade Office in the city state.
Business
Forum seeks ways to boost exports amid external challenges
Experts gathered at a forum in Ho Chi Minh City on April 25 to seek ways to untangle knots in terms of capital and market for exporters in the context that the ongoing conflicts in many regions are disrupting international trade.
Business
Enterprises want clearer regulations on seafood production
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Business
World economy’s recovery drives Vietnam’s exports
With the recovery of the world market and increasing orders, Vietnam's import and export activities in the first quarter of 2024 prospered and achieved positive results.
