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More than 10 sugar mills shut down because of big losses


More than 10 sugar mills shut down because of big losses
Chia sẻ |
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 01/04/2021
  
09:00
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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. ....

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Vietnam imposes anti-dumping tax on Thai sugar


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Refined sugar is packaged at KCP Vietnam Industries in the Vietnamese coastal province of Phu Yen. VIETNAM NEWS AGENCY/VIET NAM NEWS
Vietnam imposes anti-dumping tax on Thai sugar
Tue, 23 February 2021
Vietnam s Ministry of Trade and Industry has decided to levy a temporary anti-dumping tax of 44.88 per cent on unrefined sugar and 33.88 per cent on refined sugar imported from Thailand.
The taxation on sugar cane imported from Thailand is an opportunity to revive the domestic sugar industry. This is also considered an important decision to help the sugar industry overcome a very difficult period.
This tax rate will be regularly reviewed to ensure a fair, competitive environment if there is a strong shift from importing refined and white sugar to importing raw sugar in order to avoid anti-dumping tax and anti-subsidy at a higher level. ....

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