Seven enterprises assigned to import over 100,000 tonnes of sugar
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 Ministry of Industry and Trade held a session to allocate sugar import tariff quotas for businesses by auction. (Photo: vneconomy.vn)
Hanoi (VNS/VNA) - Seven enterprises were assignedtariff quotas with a total volume of 109,000 tonnes at a recent sugar importauction organised by the Ministry of Industry and Trade (MoIT).
Of which, five enterprises were assigned to import raw sugar and the others refinedsugar.
The auction took place on September 23, with the participation of eightenterprises, including six registering to import raw sugarand two refined sugar.
Deputy Minister of Industry and Trade Tran Quoc Khanh said that to ensure afair competitive environment between domestically produced sugar and importedsugar, the MoIT issued Decision No 1569/QĐ-BCT dated August 5 this year on theestablishment of the Council for the allocation of tariff quotas for sugarimports through the auction method.
According to the plan announced in Decision 1649/QĐ-BCT dated August 22 by theministry, the amount of imported sugar allocated by auction method is 113,000tonnes this year, including 79,000 tonnes of raw sugar and 34,000 tonnes ofrefined sugar.
The Deputy Minister also said sugar importers will be subject to traderemedy tax of the Ministry of Industry and Trade if they import sugar fromcountries on the list of taxable countries.
Previously, the MoIT signed and promulgated Decision No 1578/QĐ-BCT applyinganti-dumping tax and official anti-subsidy tax on a number of cane sugarproducts from Thailand on June 15 last year.
The ministry continued to issue Decision No 1514/QĐ-BCT applying measures toprevent evasion of trade remedies for a number of cane sugar products importedfrom Cambodia, Laos, Malaysia, Indonesia, Myanmar on August 1./.
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.
Weak demand for domestic sugar and the penetration of smuggled sugar have been dragging down sugar prices in Vietnam, driving many producers into unprofitability.
The Ministry of Industry and Trade (MoIT) has issued a decision on the application of measures to prevent evasion of trade remedies against some cane sugar products imported from Cambodia, Indonesia, Laos, Malaysia and Myanmar.
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The Ministry of Industry and Trade held a session to allocate sugar import tariff quotas for businesses by auction. (Photo: vneconomy.vn) 
