Sugar prices are likely to increase due to the shortage of 2.5 million tonnes of sugar during the 2019 – 2020 crop, experts forecast at the fourth conference of the ASEAN Sugar Alliance (ASA) underway in Ho Chi Minh City on June 17-18.
The sugar industry is experiencing stormy days as prices have dropped dramatically. However, some companies are thriving and plan to ‘swallow’ their rivals.
Grilled shrimp paste on sugar cane was originally created by the ingenious cooks for the imperial kitchen in Hue.
The Ministry of Industry and Trade will establish a council to conduct pilot bidding on the import of 85,000 tonnes of sugar under a tariff rate quota (TRQ) this year.
Vietnam needed to improve the competitiveness of its sugar industry's competitiveness so it did not lose out in the regional market, especially when the tax rate is cut to zero by 2018 as part of commitments to the ASEAN Economic Community.
Rice crops will be reduced by about 4,000ha in central and Central Highlands regions due to drought risks during the summer-autumn rice crop, under an order from the Ministry of Agriculture and Rural Development Ministry (MARD).
The Bank for Investment and Development of Vietnam (BIDV) plans to implement a key project in Myanmar, says its Chairman of Board of Directors, Nguyen Bac Ha.