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
What makes NobleGo - Vietnam’s first home-bidding livestream platform - so notable?
NobleGo – Vietnam’s pioneering AI-powered livestream real estate bidding platform developed by Sunshine Group – has completed its first 20 livestream sessions.
Real Estate - Tue, September 16, 2025 | 4:53 pm GMT+7
Japanese retailer Aeon to debut another northern Vietnam shopping mall by end-2026
Japanese-backed Aeonmall Vietnam is ramping up construction on its Aeon Mall Ha Long project in Quang Ninh province, home to Ha Long Bay, with an aim to open it to the public by end-2026.
Industries - Tue, September 16, 2025 | 3:54 pm GMT+7
Hanoi terminates Vinaxuki auto plant project, repurposes land for commercial complex
A long-stalled automotive manufacturing project by Xuan Kien Auto JSC (Vinaxuki) has been officially terminated by Hanoi authorities, and the reclaimed land in Phuc Thinh commune will be repurposed for a new commercial and service complex.
Industries - Tue, September 16, 2025 | 2:44 pm GMT+7
Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout
Authorities in the central province of Quang Tri are evaluating a proposal from Power Generation JSC 1 (EVNGENCO 1), a subsidiary of state utility Vietnam Electricity (EVN), to take over the Quang Tri thermal power plant project, following the withdrawal of Thai investor EGATi.
Energy - Tue, September 16, 2025 | 1:44 pm GMT+7
Amata to sell stakes worth $46 mln in Vietnam units to Novaland-tied buyers
Amata VN, the Vietnam arm of Thailand’s leading industrial park developer Amata, has approved a plan for its subsidiary Amata City Long Thanh Urban JSC (ACLT) to sell its remaining 51% stakes in two entities to local developer Novaland-linked buyers.
Real Estate - Tue, September 16, 2025 | 12:19 pm GMT+7
Vietnam already meets FTSE's criteria for stock market status upgrade: Finance Minister
Vietnam has fulfilled the criteria for a stock market status upgrade by FTSE Russell through reforms aimed at facilitating foreign investment inflows into its market, said Minister of Finance Nguyen Van Thang.
Economy - Tue, September 16, 2025 | 9:36 am GMT+7
Banks should be allowed to distribute, invest in mutual fund certificates: Vietnam's finance ministry
The Ministry of Finance is proposing a key reform that would allow commercial banks to invest in and distribute mutual fund certificates, as part of a broader plan to restructure the investor base and foster the development of Vietnam’s fund management industry.
Finance - Tue, September 16, 2025 | 8:00 am GMT+7
E-commerce boom a major driver of Vietnam's packaging paper industry growth
Vietnam's paper packaging industry is entering a period of strong growth, with an average annual growth rate forecasted at 10% until 2030.
Companies - Mon, September 15, 2025 | 10:20 pm GMT+7
Vietnam needs support from UK in developing international financial center: Deputy PM
Permanent Deputy Prime Minister Nguyen Hoa Binh has called on the UK and the City of London to continue supporting and accompanying Vietnam in promoting and introducing its international financial center (IFC).
Finance - Mon, September 15, 2025 | 10:12 pm GMT+7
Vietnam enforces 8% capital adequacy ratio for banks from Sept 15
Commercial banks and foreign bank branches in Vietnam must maintain a minimum capital adequacy ratio (CAR) of 8%, including at least 4.5% in Tier 1 core capital and 6% in Tier 1 capital, starting from September 15.
Banking - Mon, September 15, 2025 | 10:04 pm GMT+7
Tool for wood traceability management debuts in Vietnam
The Vn-WoodID application has been officially launched in Vietnam, becoming a key tool contributing to wood traceability.
Companies - Mon, September 15, 2025 | 10:00 pm GMT+7
Sun Group, US Embassy foster aviation-hospitality cooperation
Sun Group, in collaboration with the US Embassy in Vietnam, hosted the US – Vietnam Aviation Partnership Roundtable on September 12, bringing together 15 leading American corporations in aviation, technology, and financial services, opening up opportunities to position Phu Quoc as a new aviation and tourism hub in the region.
Companies - Mon, September 15, 2025 | 9:54 pm GMT+7
Vietnam tops Thai giant SCG’s overseas markets with 9% revenue contribution in H1
Vietnam remained the largest overseas market for Thailand’s Siam Cement Group (SCG) in the first half of 2025, contributing 9% of consolidated sales.
Companies - Mon, September 15, 2025 | 8:10 pm GMT+7
Central Vietnam to have new airport Mang Den
Procedures to adjust Vietnam's airport system planning, including the addition of Mang Den Airport in central Vietnam, are being proceeded, according to the Ministry of Construction.
Infrastructure - Mon, September 15, 2025 | 5:16 pm GMT+7
Vietnam's government seeks to position country as 'regulated hub for digital assets in Asia': Dragon Capital
The Vietnamese Government has advanced the regulation of digital assets, with a resolution launching a five-year pilot framework for issuance and trading. This framework signals the Government’s intent to position the country as a regulated hub for digital assets in Asia, which could attract new capital inflows, write Dragon Capital analysts.
Economy - Mon, September 15, 2025 | 2:20 pm GMT+7
Agribank introduces sizable $4.17 bln preferential credit package
Right from the beginning of 2025, Agribank launched a substantial preferential credit package worth VND110 trillion ($4.17 billion) to support individual customers.
Companies - Mon, September 15, 2025 | 1:32 pm GMT+7