Indonesia strives to restore its position as a major sugar exporter

By Vietnam News Agency
Fri, November 14, 2025 | 9:10 pm GMT+7

Indonesia aims to achieve self-sufficiency in white sugar by 2026 as part of a national drive to strengthen food security and revive the country’s once-thriving sugar industry, said Agriculture Minister Andi Amran Sulaiman.

Indonesian Minister of Agriculture (Mentan) Andi Amran Sulaiman (second right) at a press conference in Jakarta. Photo courtesy of Antara.

Indonesian Minister of Agriculture (Mentan) Andi Amran Sulaiman (second right) at a press conference in Jakarta. Photo courtesy of Antara.

The Indonesian government targets full self-sufficiency in consumer sugar within three to four years by increasing sugarcane productivity and modernising mills.

Sulaiman was quoted by the country’s national news agency Antara as saying that the initiative marks a key step in strengthening the plantation sector and promoting economic independence amid global challenges.

He said the government aims to restore Indonesia’s sugar industry to its “glory days” of the 1930s, when the country was the world’s second-largest sugar exporter and producer after Cuba.

The plan will be supported by downstream investment worth IDR371 trillion ($22.2 billion) in plantations, livestock, and horticulture, including cocoa, cashews, coconuts, and sugarcane.

The Agriculture Ministry has drafted a National Sugar Self-Sufficiency Roadmap that targets consumer sugar independence by 2028 and total self-sufficiency, including industrial and bioethanol needs, by 2030. Indonesian President Prabowo Subianto has urged the ministry to accelerate that timeline.

The nation’s sugar output in 2025 is expected to reach about 2.75 million tons, the highest in five years, from roughly 538,000 hectares of plantations. To achieve self-sufficiency, the government plans to intensify production by clearing 275,000 hectares of ratoons by 2027, introducing improved seeds, upgrading irrigation systems, and expanding sugarcane plantations by 500,000 hectares.

Ten sugar factories will also be built or reactivated in Java and other regions.

Comments (0)
  • Read More
Trung Nam Group's solar power arm suffers $37 mln loss amid rising debt pressure

Trung Nam Group's solar power arm suffers $37 mln loss amid rising debt pressure

Trung Nam Thuan Nam Solar Power Company Limited, a subsidiary of the multi-sector Trung Nam Group, incurred a net loss of VND969 billion ($36.83 million) in 2025, reversing a profit of VND138.2 billion ($5.35 million) a year earlier, according to its 2025 earnings statement.

Companies - Sat, May 9, 2026 | 3:01 pm GMT+7

French firms eye Vietnam’s North-South high-speed railway project

French firms eye Vietnam’s North-South high-speed railway project

A delegation of 15 major French companies and industrial groups has expressed interest in participating in Vietnam’s planned North-South high-speed railway project.

Infrastructure - Sat, May 9, 2026 | 2:38 pm GMT+7

Grocery chain Bach Hoa Xanh opens 1st store in Hanoi, takes cautious northern Vietnam expansion approach

Grocery chain Bach Hoa Xanh opens 1st store in Hanoi, takes cautious northern Vietnam expansion approach

Bach Hoa Xanh, a grocery chain operated by Vietnam’s leading retailer Mobile World Investment Corporation (HoSE: MWG), has opened its first store in Hanoi, marking entry into one of the country’s most competitive consumer markets.

Companies - Sat, May 9, 2026 | 8:17 am GMT+7

Intel to continue expanding investment in Vietnam: exec

Intel to continue expanding investment in Vietnam: exec

U.S. chipmaker Intel will continue expanding investment, supporting workforce training, and helping develop Vietnam’s semiconductor ecosystem as the country refines investment support mechanisms to retain large-scale high-tech projects, said its executives.

Industries - Fri, May 8, 2026 | 7:48 pm GMT+7

Vietnam stocks extend rally to fresh record high

Vietnam stocks extend rally to fresh record high

Vietnam’s benchmark VN-Index extended gains for a fourth straight session on Thursday, closing at a new all-time high of 1,915.37 points as large-cap banking and property stocks supported the market despite continued foreign selling.

Finance - Fri, May 8, 2026 | 5:49 pm GMT+7

Vingroup’s VinMetal partners with Primetals for green steel complex in central Vietnam

Vingroup’s VinMetal partners with Primetals for green steel complex in central Vietnam

Vingroup’s subsidiary VinMetal has signed a strategic cooperation agreement with global steel giant Primetals Technologies to develop a large-scale integrated steel complex in central Vietnam.

Industries - Fri, May 8, 2026 | 4:25 pm GMT+7

Hanoi pushes Sumitomo, BRG to accelerate $4.2 bln smart city project

Hanoi pushes Sumitomo, BRG to accelerate $4.2 bln smart city project

Hanoi authorities have asked Japan’s Sumitomo and local conglomerate BRG Group to quicken the progress of the North Hanoi Smart City project as soon as legal procedures are finalized.

Real Estate - Fri, May 8, 2026 | 3:31 pm GMT+7

Moody's Ratings upgrades MBBank's deposit ratings to Ba2 from Ba3, outlook stable

Moody's Ratings upgrades MBBank's deposit ratings to Ba2 from Ba3, outlook stable

Moody’s Ratings (Moody’s) has announced an upgrade of the local currency and foreign currency long-term deposit and issuer ratings for Military Commercial Joint Stock Bank (MB, HoSE: MBB) from Ba3 to Ba2, aligning with Vietnam’s sovereign rating (Ba2 positive). The outlook remains "Stable."

Banking - Fri, May 8, 2026 | 3:00 pm GMT+7

Vietnam welcomes leading Indian groups to expand energy, infrastructure cooperation: top leader

Vietnam welcomes leading Indian groups to expand energy, infrastructure cooperation: top leader

Vietnam is ready to create favorable conditions for capable Indian corporations and businesses to expand investment and operations in the country in line with its laws, while ensuring transparency and balanced interests among stakeholders, said Vietnam’s Party chief and President To Lam.

Economy - Fri, May 8, 2026 | 1:59 pm GMT+7

Vietnam airport operator ACV records slows disbursement for Long Thanh mega-airport project

Vietnam airport operator ACV records slows disbursement for Long Thanh mega-airport project

Airports Corporation of Vietnam's (ACV) slow disbursement for the Long Thanh International Airport project, located in the southern province of Dong Nai, highlights implementation bottlenecks despite the company's strong profitability in Q1/2026 and substantial cash reserves for the country's largest aviation infrastructure project.

Companies - Fri, May 8, 2026 | 1:41 pm GMT+7

Vietnam property developers shift to asset-holding strategy for stable cash flow

Vietnam property developers shift to asset-holding strategy for stable cash flow

Vietnamese property developers are increasingly shifting away from the traditional build-to-sell model and focusing instead on accumulating long-term assets capable of generating stable recurring income, as the industry adapts to lessons learned from the market downturn of 2022-2023.

Real Estate - Fri, May 8, 2026 | 12:07 pm GMT+7

Vietnamese, Indian firms exchange 27 agreements on aviation, tourism, logistics, technology

Vietnamese, Indian firms exchange 27 agreements on aviation, tourism, logistics, technology

Vietnamese and Indian firms on Thursday exchanged 27 cooperation agreements aimed at boosting trade, investment, tourism and training between the two countries, thereby making bilateral partnership deeper, more practical and effective.

Economy - Fri, May 8, 2026 | 11:13 am GMT+7

MBBank ranks among Vietnam's leading lenders for SME working capital in key industries

MBBank ranks among Vietnam's leading lenders for SME working capital in key industries

Military Bank (MB) has emerged as one of Vietnam’s leading providers of working capital financing for small and medium-sized enterprises (SMEs) operating in key economic sectors, according to National Credit Information Center (CIC) data.

Banking - Fri, May 8, 2026 | 8:56 am GMT+7

Hanoi eyes massive replanning of Red River corridor, relocation of riverside communities

Hanoi eyes massive replanning of Red River corridor, relocation of riverside communities

Hanoi plans to gradually relocate and reorganize all residential areas outside the Red River dike system as part of an ambitious urban redevelopment strategy aimed at transforming both banks of the river into a new economic and cultural corridor for the capital.

Economy - Thu, May 7, 2026 | 5:04 pm GMT+7

Thaco, VinFast, TC Group urge Vietnam gov't to keep auto sector under conditional business rules

Thaco, VinFast, TC Group urge Vietnam gov't to keep auto sector under conditional business rules

Vietnam’s three major domestic automotive corporations - Thaco, VinFast and TC Group - have urged the government to maintain automobile manufacturing, assembly and import activities within the list of “conditional business sectors,” warning that deregulation could weaken the country’s long-term industrial strategy and expose local producers to unfair competition.

Economy - Thu, May 7, 2026 | 4:09 pm GMT+7

Prudential Vietnam remits $194 mln in retained earnings to parent company

Prudential Vietnam remits $194 mln in retained earnings to parent company

Prudential Vietnam transferred over VND5.1 trillion ($194 million) in retained earnings to its parent company, Prudential Corporation Holdings, earlier this year, according to disclosures in its 2025 financial statements.

Finance - Thu, May 7, 2026 | 3:33 pm GMT+7