HOMEPAGE
Hot Properties
ADB: Vietnam’s 2009 GDP growth to be highest in South East Asia
MGM Grand Ho Tram: Vietnam’s First ‘Las Vegas Style’ Integrated Resort
Nha Trang’s Twin Towers project licenced
Foreign investors still have good opportunities in Vietnam
Sierra Wireless gets a foot in Vietnam’s ICT market
INDOCHINA INTERNATIONAL CONSULTING CO., LTD
HO Add: 62L/36 Nguyên Hồng, Ward 11, Bình Thạnh District, HCMC - Vietnam
Biz Office Add: #48 Road No 11, Quarter 6, Hiệp Binh Chánh Ward, Thủ Đức, HCMC - Vietnam
®Source: http://viipip.com should be clearly quoted for any use of information extracted from our website.
Publication permit No: 60/GP-TTĐT , April 05, 2010.
Vietnams sugar firms deep in hardships
Date: 8/3/2016 10:29:49 PM
The Ministry of Industry and Trade’s recent proposal on sugar import has put local sugar firms on the tenterhooks, and there is a demand for urgent support from the government to help firms get out of the woods.
Chairman of Vietnam Sugarcane and Sugar Association Pham Quoc Doanh said that the sugarcane production output in 2015 to 2016 season was nearly 13 million tonnes, down more than one million tonnes compared to the previous season.
Sugar production output surpassed one million tonnes, down nearly 200,000 tonnes compared to the previous season.
According to Hanoi-based Sugar Corporation I general director Vu Thi Huyen Duc, low output, high production cost, and the failure in developing large-scale fields are the major challenges that the sugar industry has been facing.
“Businesses like us have scaled up efforts through applying multiple measures to synchronise production process. Our largest challenge currently is mechanising production as the material growing areas are mostly located in high mountainous areas,” Duc said.
A source from Can Tho Sugar Company revealed that a bustling scene is still occurring in the Mekong Delta sugarcane market.
Some sugar firms have applied specific policies on output and material sources to control production.
But they have found it was hard to collect sufficient input materials for production due to unhealthy competition from traders.
The Ministry of Agriculture and Rural Development’s Department for Agro-Forestry-Fisheries Processing and Salt Industry recently delivered a warning that the sugar industry may still experience tension relevant to input material shortages in the upcoming 2016 to 2017 season.
“Sugar companies must quickly introduce measures to support farmers if they want stable material sources in place,” the department stated.
MoIT’s recent proposal to import 200,000 tonnes of sugar to feed local market demands have made sugar firms unhappy.
The firms are concerned that cheaper import materials could hamper locally-made sugar sales.
Relative to how to help the sugar industry get out of the woods, Deputy Minister of Agriculture and Rural Development Tran Thanh Nam said the ministry (MARD) will work with the Vietnam Sugarcane and Sugar Association and related management agencies to find remedies.
One of the measures that are still in need of farmers’ further consideration is jointly planting sugarcane and rubber to boost efficiency.
Nam trusts the Association to pen the sugar industry’s restructuring plan to scale up productivity, lower production cost, and enhance competitiveness.
(Source:Vietnamnet news)
Other news- Vietnam will become a destination for Chinese investors in the future (11/6/2023 1:03:19 PM)
- Thua Thien - Hue: Calling for investment (11/6/2023 1:00:42 PM)
- Hai Phong Planning to establish a series of industrial parks and economic zones (11/6/2023 12:58:13 PM)
- The Fastest Growing Economies In 2024 (11/6/2023 12:56:34 PM)
- Hai Phong reached the target of attracting FDI capital (10/17/2023 5:18:21 PM)
- Long An has 1,215 FDI projects with capital of 10,519 million USD (10/17/2023 8:40:41 AM)
- What do FDI enterprises recommend to the Vietnamese Government? (10/17/2023 8:38:33 AM)
- Vietnams 3 commitments to foreign businesses and investors (10/17/2023 8:35:45 AM)
- Up to now (2023), how much money have Asian tigers invested in Vietnam? (10/17/2023 8:31:59 AM)
- Another semiconductor manufacturer expands in Vietnam (10/17/2023 8:30:44 AM)
- Billions of dollars poured into Vietnamese semiconductor projects (10/17/2023 8:26:09 AM)
- Revealing the reason why Central region continuously invested by giants Foxconn, Goertek... (10/17/2023 8:24:49 AM)
- VIFTA: Vietnam-Israel Boulevard opened (8/28/2023 9:29:44 AM)
- Wistron announced to pour another 24.5 million USD into Vietnam to build a new factory. (8/28/2023 9:28:33 AM)
- Formulate policies to develop the logistics industry (8/28/2023 8:50:54 AM)
NEWS CATALOGUE
- Vietnam will become a destination for Chinese investors in the future
- What do FDI enterprises recommend to the Vietnamese Government?
- Up to now (2023), how much money have Asian tigers invested in Vietnam?
- Another semiconductor manufacturer expands in Vietnam
- Billions of dollars poured into Vietnamese semiconductor projects
