Viet Nam imposes anti-dumping tax on Thai sugar products

The anti-dumping tax of 32.75 per cent will be applied to Mitr Phol Sugar, Thailand’s and Asia’s biggest sugar and bio-energy producer, and four associated companies.

An anti-dumping tax of 25.73 per cent and an anti-subsidy tax of 4.65 per cent would be applied to Thai Roong Ruang Industry and its five affiliates.

In June 2021, the ministry decided to officially impose an anti-dumping tax of 42.99 per cent and an anti-subsidy tax of 4.65 per cent on sugar products originating from Thailand in a period of five years starting from June 16, 2021.

The Viet Nam Sugarcane and Sugar Association reported that sugar imported from Thailand to Viet Nam made 3,300 people to lose their jobs and 93,225 farming households to be affected due to difficulties of the domestic sugar industry.

On August 1, 2022, the ministry issued Decision No 1514/QD-BCT on the application of measures to prevent evasion of trade remedies for some sugar products imported from Cambodia, Indonesia, Laos, Malaysia and Myanmar.

The decision was issued based on the investigation, which found that the use of sugar originating from Thailand to produce and export to Viet Nam by enterprises from these five countries was an act of evading anti-dumping and anti-subsidy measures being applied to sugar products originating from Thailand.

In the last five years, Viet Nam has been heavily relying on foreign sugar supply. But the state’s efforts and international performance are bringing a golden opportunity to Viet Nam to regain its home market.

Sugar output of the 2022/23 crop was estimated at 870,930 tons, up 16.6 percent over the previous crop and 7 percent over the 2021/22 crop. This is the crop with the second highest output in the latest five crops./.