Duy Vuot News Today : Breaking News, Live Updates & Top Stories | Vimarsana

More than 10 sugar mills shut down because of big losses
Chia sẻ |
FaceBookTwitter
Email
Copy Link
Copy link bài viết thành công
 01/04/2021
  
09:00
GMT+7
Many sugar mills have had to shut down because they cannot compete with imports.
After ATIGA (ASEAN Trade in Goods Agreement) took effect, the tariff on sugar imports to Vietnam was slashed from 85 percent to 5 percent. As a result, while domestic output was in excess, Vietnam still had a trade deficit of 884,285 tons of sugar a year.
In the 2019-2020 crop, the sugarcane growing area decreased by another 15-20 percent, which raised concern about material shortages for sugar mills. ....

Republic Of , Dinh Duy Vuot , Le Van Tam , Nguyen Van Loc , Sugar Cane Association , Ministry Of Industry , National Assembly Deputy , Department Of Customs , World Trade Organization , Goods Agreement , Cam Trang , Import Export Department , General Department , Van Tam , Lam Son Sugar , Vietcombank Securities , Vietnam Sugar , Duy Vuot , Gia Lai , Sugar Industry , Vietnam Economy , Vietnam Business News , Business News , Vietnamnet Bridge , English News , Vietnam News ,