The Vietnam Sugar and Sugarcane Association (VSSA) has reported that the volume of sugar exported to Viet Nam from Laos has increased sixty-fold since the country imposed an anti-dumping tax on Thai sugar last year.
Viet Nam has lost over 120,000 hectares of sugarcane 2016-21, a staggering 45 per cent decrease. Meanwhile, productivity has gone down from 64.8 to 61.5 tonnes per hectare during the same period, according to the Vietnam Sugar and Sugarcane Association (VASA).
Reducing smuggling of sugar into Viet Nam requires strengthening of preventive measures and co-ordination among relevant agencies, further lowering of sugar production costs and requiring sugar to have clear origin details among other things.
Viet Nam’s sugar industry is expected to face a great deal of difficulties as the country will tariffs on imported sugar from ASEAN under the ASEAN Trade in Goods Agreement (ATIGA) in 2020.
The Cao Bang Sugar JSC (CBS) is set to have its shares listed on Ha Noi Stock Exchange’s (HNX) Unlisted Public Company Market (UPCoM) on June 20, 2017 with 2.52 million common stocks under the stock code CBS at VND10,000...
Sugar output in the 2015-16 crop was 1.23 million tonnes, a year-on-year of 12.7 percent, said Pham Quoc Doanh, Chairman of the Vietnam Sugarcane and Sugar Association, at a seminar in HCM City last week of sugar producers, distributors and...
Sugar producers, distributors and consumers discussed production and consumption in 2015-16 and forecasts for the next season at a seminar in HCM City yesterday (Thursday).
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 shares of sugar company Bourbon Tay Ninh (SBT)
would be listed on a foreign stock exchange after it merges with the Gia
Lai Sugarcane Thermoelectricity (SEC) firm.
Revamping the process from plantation to production to consumption were
critical for the sugar industry to overcome the prices that had fallen
in three consecutive seasons.
The Viet Nam Sugar and Sugarcane Association (VSSA) announced concern
over sugar stocks following the Ministry of Industry and Trade''s
(MoIT''s) order to temporarily cease refined extra (RE) sugar exports.