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.
In its final draft conclusion on the results of a duty evasion probe, the ministry confirmed that Thai-origin sugar was evading import tariffs and entering the Vietnamese market through re-exports via the above-mentioned five regional countries.
A 47.64% tariff on imported cane sugar originating from Thailand has been in effect since June 2021. Accordingly, sugar materials imported from the five countries will be subjected to a total tariff of 47.64%, which comprises an anti-dumping tax of 42.99% and an anti-subsidy tax of 4.65%. This tax will be applied from August 9, 2022 to June 15, 2026.
However, anti-circumvention taxes will not apply if exporters from Cambodia, Indonesia, Laos, Malaysia, and Myanmar can prove that their products are made from locally harvested sugarcane.

Harvesting sugarcane in central Vietnam. Photo courtesy of Vietnam News Agency.
S&P Global, which provides economic intelligence, quoted an unnamed sugar trader as saying: "Local producers in these five ASEAN countries who can produce a wholly obtained certificate, which is a note in the certificate of origin that states 100% of the product is from sugarcane harvested in their local origin, will be allowed to export to Vietnam at the 5% tax rate."
To date, six companies are exempted from the anti-circumvention tax - three from Laos, two from Myanmar and one from Indonesia. The companies are: Mitr Lao Sugar, Savannakhet Sugar, and TTC Attapeu Sugar Cane in Laos; Ngwe Yi Pale Sugar, Than Daung Oo from Myanmar; and Perusahaan PT Kebun Tebu Mas from Indonesia.
S&P Global quoted an unidentified Singapore-based trade analyst as saying: "I do not think there will be a big change in trade flows following this decision. The local producers exempted from this tariff are the ones mainly doing this re-export flow to Vietnam. About 65% of the Indonesian sugar flowing to Vietnam is from KTM, the exempted Indonesian company."
According to Platts Analytics's latest estimates, annual domestic sugar production in Myanmar and Indonesia is around 400,000 tons and 2.2 million tons, respectively, and this could still sustain outflows to Vietnam. Myanmar and Indonesia are deficit in sugar but if the arbitrage economics in exporting domestically produced sugar to Vietnam and subsequent imports to fulfill domestic needs proves positive, it would be a viable flow.
However, in the short term, Indonesian producers that have imported raw sugar under re-export licenses expect difficulties in shipping to Vietnam. The anti-circumvention tax will thus put a cap on total imports under such licenses and moderate the outlook for Indonesia's total raw import demand for 2022 and 2023, the S&P Global report said.
Sugar imports into Vietnam jumped five times year-on-year to 527,200 tons in the period between October 2020 and June 2021, according to the Ministry of Industry and Trade. However, imports from Thailand in the period decreased by 38%. This was the period that Vietnam trade officials investigated Thai sugar for dumping and subsidizing. Then, the ministry’s July 14 final draft conclusion confirmed that Thai-origin sugar was evading import tariffs and entering the local market through five other countries in the region.
- Read More
Vietnam officially grants visa-free entry to high-profile foreigners
The Vietnamese Government has introduced a limited-term visa waiver scheme for foreign nationals who are "prioritized for the sake of the country’s socio-economic development".
Politics - Sat, August 9, 2025 | 11:32 am GMT+7
VinEnergo launches rooftop solar, battery storage projects in central Vietnam
VinEnergo Energy Joint Stock Company has signed MoUs to install rooftop solar power systems integrated with battery energy storage systems (BESS) with the VinFast automobile plant and two battery factories in the central province of Ha Tinh.
Companies - Sat, August 9, 2025 | 10:21 am GMT+7
Indonesia doubles lithium imports to boost EV battery production
Indonesia is accelerating plans to increase lithium imports, particularly from Australia, in a bid to fill gaps in the electric vehicle (EV) battery supply chain and realize its ambition of becoming a global EV manufacturing hub.
Southeast Asia - Sat, August 9, 2025 | 10:18 am GMT+7
Optimism rises for Thailand’s economy after US tariff cut
Thailand’s private sector has lifted its 2025 GDP growth forecast to 1.8-2.2%, up from the previous 1.5-2%, following the U.S. decision to reduce import tariffs on Thai goods from 36% to 19%.
Southeast Asia - Sat, August 9, 2025 | 10:16 am GMT+7
Foreign investors make up 4.27% of Vietnamese G-bonds trading value in July
Foreign investors accounted for 4.27% of the total trading value of Vietnamese government bonds (G-bonds) in July, with net buying at VND298 billion (nearly 11.4 million).
Finance - Sat, August 9, 2025 | 10:08 am GMT+7
Vietnam developer Taseco Land plans private share placement following HCMC bourse debut
Shortly after its listing on the Ho Chi Minh Stock Exchange (HoSE) as TAL, Taseco Land, a subsidiary of Vietnam’s conglomerate Taseco Group, is seeking shareholder approval for a private share placement targeted at professional investors.
Companies - Sat, August 9, 2025 | 8:00 am GMT+7
Vietnam aims to finalize negotiations for Ninh Thuan 1 nuclear power plant by August
The Vietnamese government targets completing negotiations for Ninh Thuan 1 nuclear power plant in former Ninh Thuan province (now Khanh Hoa) by August 2025, and for Ninh Thuan 2 by May 2026 at the latest.
Energy - Fri, August 8, 2025 | 4:18 pm GMT+7
Software giant SAP invests $175 ml in R&D center in Vietnam
German software heavyweight SAP has officially launched a research & development center in Vietnam, with plans to invest more than €150 million ($175 million) over the next five years.
Industries - Fri, August 8, 2025 | 3:43 pm GMT+7
Carlsberg’s Phu Bai Brewery expansion in central Vietnam set to start brewing late this month
The expansion of Carlsberg’s brewery in Hue city, central Vietnam, with an investment of nearly $90 million, has entered trial runs and is scheduled to be inaugurated and begin full-scale production in late August.
Industries - Fri, August 8, 2025 | 2:43 pm GMT+7
Indonesia promotes nickel-based EV battery production
Indonesia is advocating regulations to encourage electric vehicle (EV) manufacturers to switch from the commonly used lithium-based batteries to nickel-based ones.
Southeast Asia - Fri, August 8, 2025 | 1:54 pm GMT+7
BRICS countries account for over 35% of Malaysia’s total foreign trade turnover
Malaysia’s trade with BRICS nations climbed to RM818 billion ($193.47 billion) in 2024, making up 35.2% of the country’s total global trade, according to the Ministry of Investment, Trade and Industry (MITI).
Southeast Asia - Fri, August 8, 2025 | 1:52 pm GMT+7
Vietnam consumer finance major F88’s stock hits ceiling price on UPCoM debut
The stock of F88 Investment JSC (F88), a leading consumer finance company in Vietnam, hit its ceiling price of VND888,800 ($34) on Friday, the first day of trading on the Unlisted Public Companies Market (UPCoM).
Companies - Fri, August 8, 2025 | 1:32 pm GMT+7
US tariff unlikely to dent Vietnam’s long-term FDI appeal: broker
The U.S. tariff gap between Vietnamese goods and those from four other Southeast Asian countries would not erode Vietnam’s competitive edge in manufacturing and investment, said Hanoi-based Vietcombank Securities (VCBS).
Economy - Fri, August 8, 2025 | 12:24 pm GMT+7
Land clearance for Vietnam's North-South high-speed railway project to start on December 19
Prime Minister Pham Minh Chinh has requested localities to start land clearance en masse for the gigantic North-South high-speed railway project on December 19.
Economy - Fri, August 8, 2025 | 11:52 am GMT+7
Vietnam might launch pilot digital asset exchange in August
A digital asset exchange might be launched in August on a pilot basis, Deputy Minister of Finance Nguyen Duc Chi told a government press meeting on Thursday.
Finance - Fri, August 8, 2025 | 11:25 am GMT+7
Vietnam’s steel giant Hoa Sen spends $34 mln on land near Long Thanh airport for urban development
Hoa Sen Group (HoSE: HSG), Vietnam’s top producer of coated steel products, has spent VND900 billion ($34.3 million) acquiring land for a major urban development project in the southern province of Dong Nai.
Real Estate - Fri, August 8, 2025 | 8:22 am GMT+7