Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Vietnam  News  >>   Trade  >>   Vietnam ups sugar import quotas
NEWS UPDATES Asean Affairs       16  February 2011

Vietnam ups sugar import quotas

Related Stories

February 8, 2011
Vietnamese electronic sales boom

February 7, 2011
Free trade challenges Vietnam

November 24, 2010
Vietnam's export earnings surge

November 23, 2010
Vietnam is in top 10 of seafood exporters

November 15, 2010
Vietnam joins Trans-Pacific Partnership 

The Ministry of Industry and Trade has given permission to 24 enterprises to import sugar up to July this year for the domestic market, said the Ha Huu Phai, general secretary of the Viet Nam Sugar Association.

The Vietnam Dairy Corporation received the largest import quota and has been given permission to buy 65,000 tonnes of sugar. Vietnam Dairy was followed by Friesland Campina Company, which is permitted to import 15,000 tonnes. Meanwhile, Sanofi Synthelabo Vietnam has been given permission to import just 322 tonnes of sugar, the smallest quota.

The total volume of imports this year is 250,000 tonnes, 50,000 tonnes lower than last year. The ministry said the imports would help stabilise the domestic sugar prices this year. Experts said last year, import quotas had been given to domestic enterprises that had failed to buy in sugar when the world price has fallen. As result, at the end of last year, they had to import sugar when the price was relatively high to meet the growing demand on the domestic market.

The current retail price of sugar is still at a high level, averaging VND25,800 per kilo, VND2,000 higher than the price at the end of 2010.

The decision by the government to devalue the dong by 9.3 per cent to VND20,693 will put further pressure on the import price of goods.

Nguyen Thi Van, a confectionery producer, said the increased exchange rate and resultant rise in the sugar price would push up the cost of cakes, sweets and chocolate.

Tran Hong Thanh, general director of Hai Ha Confectionery Joint Stock Company, said the price of imported sugar was US$900 per tonne, against $500 per tonne in early 2010.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below
Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code


Today's  Stories    16  February 2011 Subsribe Now !
• Rising food prices brings poverty
Subcribe: Asean Affairs Global Magazine
• Indonesia imports Vietnamese rice Asean Affairs Premium
• Bourse mergers buzz in Asia
• KL transport expansion to raise real estate prices
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry


• New deal proposed for exchange merger
• People want an environmental role
• Vietnam ups sugar import quotas
• Support needed to develop Vietnam green power
Asean Analysis    16   February 2011 Advertise Your Brand
• Alternative energy in developing countries Sponsor Our Events
Asean Stock Watch    15  February 2011
• ASEAN Markets to Continue Rally
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?

AseanAffairs  
04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com