Pakistani, Indian sugar bans won't affect Vietnam market: association

Pakistani, Indian sugar bans won't affect Vietnam market: association

An export ban on sugar imposed by major exporters Pakistan and India will have no impact on Vietnam's supply or prices, according to the Vietnam Sugarcane and Sugar Association (VSSA).

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam sugar industry posts bitter-sweet Q2 results

Vietnam sugar industry posts bitter-sweet Q2 results

A sharp divide has been in the sugar industry’s Q2 results with some major firms reporting big declines and others enjoying soaring profits.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam slaps anti-dumping tax on sugar imports from some Thai firms

Vietnam slaps anti-dumping tax on sugar imports from some Thai firms

Vietnam has decided to impose an anti-dumping levy from 25.73% to 32.75% on cane sugar imported from some major Thai producers until 2026.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

WB arm joins with Japanese lender to invest $60 mln in Vietnamese firms

WB arm joins with Japanese lender to invest $60 mln in Vietnamese firms

The World Bank’s IFC is making two new investments in Vietnam’s retail and agribusiness sectors to help strengthen the value chain and support food security in the country.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

China's Mixue leads store count for popular milk tea beverage in Vietnam

China's Mixue leads store count for popular milk tea beverage in Vietnam

Chinese affordable ice cream and tea franchise Mixue recently opened its 1,000th store in Vietnam after arriving in the country in 2018, becoming the biggest beverage brand in Vietnam in terms of stores.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Sugar stocks soar on sharp material price hike

Sugar stocks soar on sharp material price hike

Sugar stocks like SLS of Son La Sugar JSC, QNS of Quang Ngai Sugar JSC, and LSS of Lam Son Sugar JSC have increased by tens of percent since the beginning of April thanks to soaring sugar prices.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Special consumption tax on sugary drinks not suitable: business associations

Special consumption tax on sugary drinks not suitable: business associations

Applying a special consumption tax (SCT) on sugary drinks is not suitable, EuroCham, AmCham, and the Vietnam Beer-Alcohol-Beverage Association (VBA) have said in response to a draft amended law.

Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7

Finance ministry proposes special consumption tax on sugary drinks

Finance ministry proposes special consumption tax on sugary drinks

Vietnam’s Ministry of Finance has again proposed levying special consumption tax on sugary drinks after similar suggestions in 2014 and 2017 were rejected, according to a draft amended Excise Tax Law.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese consumers seek out low-sugar products

Vietnamese consumers seek out low-sugar products

Vietnamese people are paying greater attention to low-sugar products, with 1.55 million discussions on social media in 2020-2022, according to a report by Kompa, a local social listening firm.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

IFC considers pouring $20 mln into Vietnam’s biggest sugar maker

IFC considers pouring $20 mln into Vietnam’s biggest sugar maker

The World Bank’s investment arm IFC has proposed a $20-million investment in Vietnam’s largest sugar producer TTC Sugar in one year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

TTC Sugar fiscal year profit up 26% as price hits 5-year record high

TTC Sugar fiscal year profit up 26% as price hits 5-year record high

Vietnam’s leading sugar company, Thanh Thanh Cong-Bien Hoa JSC (TTC Sugar), reported an after-tax profit of VND817.8 billion ($35 million) in the 2021/22 fiscal year that ended in June 30, up 25.7% year-on-year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Thai-origin sugar evades tariffs, attracts anti-circumvention duty

Thai-origin sugar evades tariffs, attracts anti-circumvention duty

Vietnam's Ministry of Industry and Trade said sugar imported from Cambodia, Indonesia, Laos, Malaysia, and Myanmar using Thai sugar materials will be subjected to the same anti-dumping and anti-subsidy tariffs applied to Thai sugar from August 9.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7