The inadequate supply has left the Ministry of Industry and Trade (MOIT) with no choice but to call for bidders for the additional import quotas of 200,000 tonnes.
After the Vietnamese imposition of anti-dumping and anti-subsidy duties, the volume of Thai sugar imported to Viet Nam hit a four-year low in Q1 of 2022, speeding up the recovery of domestic sugar.
Viet Nam Sugar cane and Sugar Association (VSSA) has proposed that the
Prime Minister allows importing raw sugar instead of refined sugar to
save foreign currency for the 2016-17 crop.
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.
The Ministry of Agriculture and Rural Development (MARD) has proposed
to the Ministry of Industry and Trade that while allocating sugar import
quotas, priority should be accorded to factories which imported raw
sugar for refining amid an anticipated excess supply.
The Government has agreed in principle to allow the Hoang Anh Gia Lai
Group (HAGL) to import 50,000 tonnes of sugar from Laos at a tax rate of
2.5 per cent.
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.