MoIT to auction duty quota for sugar import

The bidding of sugar importation will take place at 9am in the ministry’s meeting room on 23 Ngô Quyền Street, Hoàn Kiếm District, Hà Nội on August 23. — Photo ndh.vn

Viet Nam News

HÀ NỘI — The Ministry of Industry and Trade (MoIT) will hold bids on the right to use duty quota to import 89,500 tonnes of sugar this year.

The bidding will take place at 9am in the ministry’s meeting room on 23 Ngô Quyền Street, Hoàn Kiếm District, Hà Nội on August 23.

The volume includes 44,000 tonnes of raw sugar and 45,500 tonnes of refined sugar.

As per a ministry circular on managing import tariff quota for sugar this year, bidders can include traders who supply sugar for food manufacturing and traders supplying raw sugar for the production of refined sugar.

The reference price for raw and refined sugar is the same, at VNĐ1.4 million (US$61.5) per tonne.

The ministry started accepting bidding registrations on Tuesday and will do so till August 16.

This is the second time that the MoIT will auction the use of duty quota to import sugar, and follows the Vietnam Sugarcane Association’s repeated proposal over the years to open tender instead of assigning it.

An auction was held for the first time in September 2016 for duty quota to import 85,000 tonnes of raw and refined sugar. Eleven businesses had won the tender. — VNS

Tags vietnam sugar import

AEON Vietnam boosts recruitment and expansion in 2025

Economy

7th Việt Nam-Japan Joint Committee meeting on industry, trade, energy cooperation held in Tokyo

Economy

Industrial parks to go green, adopt sustainable models: forum

Economy

Seafood exports expected to exceed $10 billion in 2025: expert

Economy

Innovative banking drives CASA recovery to 20 per cent threshold

Economy

Another mobile operator, Vinaphone, rolls out Việt Nam's fastest 5G service

More on this story

Economy

VN’s first energy-efficient glass factory becomes operational

The Việt Nam Glass and Ceramics for Construction Corporation (Viglacera) opened a factory that will produce the first made-in-Việt Nam energy-efficient glass in the southern Bình Dương Province yesterday.

Economy

New factory to manufacture soles in Bình Dương

Taiwan’s Chin Li Plastic Industrial Co Ltd yesterday launched the construction of a factory to make shoe soles in the southern Bình Dương Province.

Economy

Exports: rice down, pepper up

The agroforestry-fisheries export turnover in July was estimated at US$2.64 billion, lifting the sector’s export value in the first seven months to reach $17.8 billion, up 5.1 per cent year-on-year.

Economy

Footwear makers told to invest

The Ministry of Trade and Industry is urging local footwear makers to further invest in support industries instead of depending excessively on imported raw materials and losing out on profits and competitiveness.

Economy

Ministry earns $89m from divestments

The Ministry of Transport divested from several companies following Government directives, gaining more than VNĐ2 trillion (US$88.9 million) during the first half of this year, said an official from the ministry.

Economy

Foreign direct investment in HCMC drops 65%

Foreign direct investment (FDI) registered in HCM City has decreased by 65 per cent year-on-year, according to the municipal Statistics Office.

Economy

VietinbankSC issues nearly 6.7 million bonus shares

Vietinbank Securities Corp (VietinbankSC) has issued nearly 6.7 million shares to more than 3,700 shareholders as dividends for the company’s performance last year, the company said in a statement yesterday.

Economy

VN stocks down for fifth day

Vietnamese shares ended down slightly yesterday, falling for a fifth day on both local exchanges as investors remained cautious towards the current market slowdown.

Economy

City ornamental fish exports rise

HCM City has exported 8.6 million ornamental fishes in the first seven months of the year, an 18.2 per cent increase year-on-year, according to its Department of Agriculture and Rural Development.