Vietnam will export the second batch of 18 tonnes of fresh sugarcane to the US market in the coming time.
In the last five years, Vietnam has been heavily relying on foreign sugar supply. But the state’s efforts and international performance are bringing a golden opportunity to Vietnam to regain its home market.
The first batch of 20 tonnes of fresh sugarcane from Hoa Binh bound for the US was announced at a ceremony held in the northern mountainous province on March 19.
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.
The Vietnamese Ministry of Industry and Trade has decided to extend its investigation and application of measures against trade remedy circumvention on certain cane sugar products from some Southeast Asian countries.
VOV.VN - The Ministry of Trade and Industry has moved to levy an anti-dumping duty of 42.99% along with an anti-subsidy tax of 4.65% on some sugar products originating from Thailand.
The prospects for the domestic sugar industry look brighter this year due to efforts to control smuggling and the imposition of duties on sugar imported from Thailand.
The sugar industry is facing many challenges and unfair competition from imported and smuggled goods, experts told a conference held in Hanoi on December 1.
VOV.VN - Domestic enterprises face numerous difficulties in terms of sugar consumption due to fierce competition caused by cheap imported sugar from Thailand, according to figures compiled by the Vietnam Sugarcane and Sugar Association (VSSA).
VOV.VN - The Ministry of Industry and Trade (MoIT) has initiated anti-dumping and anti-subsidy investigations into a number of different types of sugar imported from Thailand.