Vietnam: Importing additional sugar, but the supply is still in short supply compared to the demand

Published 2022년 12월 28일

Tridge summary

The article outlines the allocation of sugar import quotas to the HNTQ by the Assignment Council, with a total of 113,000 tons assigned on September 23, 2022. This includes 79,000 tons of raw sugar and 34,000 tons of refined sugar, distributed among seven traders. Despite domestic sugar production increasing by 8.3% compared to the previous year, the Ministry of Industry and Trade signed Decision No. 2449 to import an additional 200,000 tons of sugar for the 2021-2022 crop year, aimed at addressing the sugar shortage in the country.

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Original content

At the handing session, Deputy Minister of Industry and Trade Tran Quoc Khanh - Chairman of the Assignment Council said that on September 23, implementing the above directive, the Council held a session to allocate sugar imports to the HNTQ with a total volume is 113,000 tons; in which, there are 79,000 tons of raw sugar and 34,000 tons of refined sugar. As a result, there were 7 traders assigned to HNTQ to import 109,000 tons of sugar in 2022; in which, 5 enterprises are assigned to import raw sugar from HNTQ including Vietnam Sugar JSC 20,000 tons, Thanh Thanh Cong Joint Stock Company - Bien Hoa (TTC) 20,000 tons, Bien Consumer Goods JSC 20,000 tons, Bien Hoa Sugar One Member Company Limited - Ninh Hoa 14,167 tons, Quang Ngai Sugar Joint Stock Company (QNS) 4,833 tons; and 2 enterprises assigned to HNTQ refined sugar, including 20,000 tons Suntory Pepsico Vietnam Beverage Co., Ltd., 10,000 tons Coca-Cola Vietnam Beverage Co., Ltd. According to Deputy Minister Tran Quoc Khanh, in ...

Source: Vietstock