sugar

Update news sugar

The Ministry of Industry and Trade has issued Decision No.1514 on applying measures to prevent evasion of safeguard duties for some cane sugar products imported from Cambodia, Indonesia, Laos, Malaysia, and Myanmar.

Smuggled sugar imports are seriously damaging domestic sugar industry

The Vietnam Sugarcane and Sugar Association (VSSA) has asked for help as smuggling is killing the domestic sugar industry and causing Vietnamese sugar companies to go bankrupt.

Domestic sugar on the line

Weak demand for domestic sugar and the penetration of smuggled sugar have been dragging down sugar prices in Vietnam, driving many producers into unprofitability.

Trade remedies to Thai sugar boost domestic recovery

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.

Ministry extends probe into Thai sugar’s evasion of trade remedies by two months

The Ministry of Industry and Trade has decided to extend the investigation into the evasion of trade remedies for sugar products originating from Thailand by two months. 

PM tells sugar firms it's time to sink or swim

The sugar industry will have greater development opportunities if it can re-organise itself more effectively, Prime Minister Nguyen Xuan Phuc said at a meeting on Tuesday.

Local sugar firms concerned by reduced import tariffs under ATIGA

Domestic sugar companies are worried about losses in the local market as the ASEAN Trade in Goods Agreement (ATIGA) will lower the tax rates for sugar imports from ASEAN markets to only 0%-5% on January 1 next year.

 

Sugar industry experiencing tough days

Comprehensive measures are needed to save the sugar industry.

Sugar industry has two more years to prepare for ATIGA

The ATIGA (ASEAN Trade in Goods Agreement) implementation will be delayed by two years, which means Vietnam will not remove the sugar quota scheme and tariffs until 2020. 

ATIGA postponement to give push to sugar industry

VietNamNet Bridge - The delay of the implementation of ATIGA (ASEAN Trade in Goods Agreement) for two years will bring more opportunities to Vietnam’s sugar industry, giving Vietnamese enterprises time to improve competitiveness. 

Farm sector set for wave of mergers, acquisitions

Thanh Thanh Cong Tay Ninh Joint Stock Company (TTCS) will fully acquire Bien Hoa Sugar Joint Stock Company (JSC), becoming in the process the biggest sugar producer in Viet Nam.

SBT and BHS merge to compete with Thai sugar

VietNamNet Bridge - Thanh Thanh Cong Tay Ninh (SBT) and Bien Hoa (BHS) have decided to merge to protect Vietnam’s sugar position in the home market.

Manufacturers warn sugar industry faces challenges in 2017

VietNamnet Bridge -  Though the sugar industry enjoys benefits from protectionism, manufacturers are still complaining that business is tough because of smuggling.

Large M&A deal could change Vietnam’s sugar industry

HAGL has finally confirmed that it is negotiating with Thanh Thanh Cong (TTC) on the transfer of its sugar mill in Laos to TTC. 

Sugar millers attempt to manipulate prices, pocket millions

Sugar consumption in Vietnam has for decades far outpaced domestic production with the nation relying on imports to bridge the deficit between supply and demand, said the Vietnam Sugar Association as a recent business forum.

MOF asked to take measures to protect Vietnam’s rice & sugar

VietNamNet Bridge - The Ministry of Finance (MOF) will make put into force commitments in the ASEAN Trade in Goods Agreement (ATIGA) signed by 10 ASEAN countries to protect two ‘particularly sensitive’ products – sugar and rice.

Sugar import quota up for debate

 VietNamNet Bridge – 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.

'Sugar worse than salt' row erupts

Scientists have clashed over claims that sugar may be worse for blood pressure and heart health than salt.

Sugar intake must be slashed further, say scientists

 The target to reduce sugar consumption should be much more ambitious, health experts say.

Ministries argue on temporary import for re-export later

Ignoring suggestions by relevant ministries and domestic sugar manufacturers, the Ministry of Industry and Trade sticks to its opinion that it is necessary to maintain the activities of temporary import for re-export.