Từ khóa: #imported sugar

Vietnam imposes safeguard duties on sugar products from five more countries

Vietnam imposes safeguard duties on sugar products from five more countries

The Office of the Ministry of Industry and Trade on the morning of August 2 informed that the ministry had 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.
VSSA requests investigation on trade remedies evasion into Thai cane sugar

VSSA requests investigation on trade remedies evasion into Thai cane sugar

Although Vietnam has had a decision to impose an anti-dumping tax on imported Thai sugar, there are signs that cane sugar from this country enter the Vietnamese market through a third country. The Ministry of Industry and Trade (MoIT) has received the petition of the Vietnam Sugarcane and Sugar Association (VSSA) for further investigation and prevention.
Vietnam’s sugar industry needs protection from trade defense tax

Vietnam’s sugar industry needs protection from trade defense tax

After Vietnam joined the ASEAN Trade in Goods Agreement (ATIGA), officially abolishing the import tariff rate quota and reducing import tax to 5 percent for countries in the ASEAN for a year, the domestic sugar industry has a significant backward step.
Why imported sugar cheaper than domestically-produced one?

Why imported sugar cheaper than domestically-produced one?

From 2020, Vietnam implements the ASEAN Trade in Goods Agreement (ATIGA) to reduce import tariffs on sugar. Domestic sugar refineries were happy that when the official import of sugar increases, they can compete and restrict smuggled sugar. However, the joy did not last long, imported sugar is cheaper than domestically-produced one, making many sugar refineries continue to suffer losses, and farmers stop growing sugarcane.
Farmers grow sugarcane in Hau Giang Province. (Photo: SGGP)

Imported sugar hurts its domestic counterpart

The Vietnam Sugarcane and Sugar Association (VSSA) informed that there is enough evidence of dumping of imported sugar in the Vietnamese market, causing dozens of sugar refineries to close or halt operation. In the coming time, there will be more sugar refineries to suffer the same situation.