Sugar firms have asked authorities to properly analyse the implications of the implementation of the ASEAN Trade in Goods Agreement (ATIGA) on farmers, workers and enterprises.
Việt Nam recorded a year-on-year rise of 2.71 per cent in consumer price index (CPI) in the first four months of this year, the General Statistics Office (GSO) announced on April 29, marking the lowest rate of increase seen in three years.
The HCM Stock Exchange has announced the first update of the year to the blue-chip VN30 Index, a basket of 30 stocks with the largest market capitalisation and highest liquidity.
The sugarcane sector is facing record-low prices despite an increase of 500,000 tonnes of output over last year, leading to high inventory levels, according to the Việt Nam Sugar and Sugarcane Association (VSSA).
The sugar industry needs to restructure to compete with rivals in other countries such as Thailand, according to the Việt Nam Sugar and Sugarcane Association.
Domestic sugar producer Thành Thành Công-Biên Hòa Joint Stock Company has announced it will buy back more than 83.5 million shares as treasury stocks.
Sugar company shares have underperformed in the last three months, contrasting with the general uptrend of the stock market and other sectors, thanks to large stockpiles and falling sugar prices.
Sugar prices in domestic market have fallen so sharply that sugar mills and sugarcane farmers in the Cửu Long (Mekong) Delta are facing difficulties.