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.

VOV.VN - Vietnam’s sugar production was estimated to be roughly 750,000 tonnes during the 2021 - 2022 crop, an increase of 8.3% compared to the previous crop, although this rise has yet to sufficiently meet domestic market demand.

The Ministry of Industry and Trade (MOIT) will auction an additional import tariff quota for 200,000 tons of sugar for the crop year 2021-2022.

Seven enterprises were assigned tariff quotas with a total volume of 109,000 tonnes at a recent sugar import auction organised by the Ministry of Industry and Trade (MoIT).

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.

VOV.VN - The Ministry of Industry and Trade on August 1 officially slapped an anti-dumping tax of 42.99% and countervailing duties of 4.65% on cane sugar products from Cambodia, Indonesia, Malaysia, Laos, and Myanmar, all of which use materials originating from Thailand.

VOV.VN - Cold Foods Festival - a traditional festival of people in some Asian countries, including Vietnam - is celebrated on the third day of the third lunar month to pay respect to ancestors.

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.

Vietnam remains the biggest sugar importer, third largest trading partner and the third biggest foreign investor of Laos, after Thailand and China, Vientiane Times reported on October 11.