The domestic sugar industry should restructure all stages of its production process towards diversifying products to improve competitiveness, according to the Ministry of Agriculture and Rural Development.
Low consumption, high inventory and continuously plunging prices mean tough times for domestic sugar mills, said chairman of the Viet Nam Sugarcane and Sugar Association (VSSA) Pham Quoc Doanh.
The Viet Nam Sugarcane and Sugar Association has voiced concerns against the Ministry of Finance’s proposal of imposing special consumption tax of 10 per cent on sweet drinks.
Viet Nam Sugarcane and Sugar Association (VSSA) has submitted a plan to relevant agencies for the establishment of a fund for sugar industry development.
The Government has agreed with the Ministry of Industry and Trade to put
sugar import within quota out for tender in 2016 instead of allocating
it in order to ensure transparency.
Tenders might be invited for determining the sugar import quota this
year, instead of it being allocated as in the previous years, to ensure
transparency.