Saturday, March 15, 2025 2:18:09 PM - Markets open
VN-INDEX 1,326.15 -0.12/-0.01%
HNX-INDEX 242.73 +1.42/+0.59%
UPCOM-INDEX 99.38 +0.36/+0.36%
Sugar products from Indonesian company subject to anti-circumvention measures
vietnamnews - 3/15/2025 9:59:36 AM
 (0 ratings. You must sign in to rate.)
Investigation by the Ministry of Industry and Trade shows that PT. Kebun Tebu Mas has circumvented Vietnam’s trade defence measures for certain sugar products.
 
 
Cane sugar is a type of sugar made from sugar cane. — Photo congthuong.vn
 
 The Ministry of Industry and Trade (MoIT) has issued the results of its investigation on the alleged circumvention of trade defence measures of certain cane sugar products imported into Việt Nam from Cambodia, Indonesia, Laos and Myanmar.
 
The results were released on Wednesday through Decision 662.
 
According to the decision, anti-circumvention measures will be applied to sugar products with the Harmonisation System (HS) codes 1701.13.00, 1701.14.00, 1701.91.00, 1701.99.10, 1701.99.90 and 1702.90.91, which were produced by the PT. Kebun Tebu Mas company from Indonesia.
 
In the decision, the ministry’s investigation agency concluded: "PT. Kebun Tebu Mas has engaged in circumvention of Việt Nam’s anti-dumping and anti-subsidy measures on sugar products from Thailand."
 
The sugar products will be subject to an anti-dumping duty of 42.99 per cent and an anti-subsidy duty of 4.65 per cent, which are the duties applied to all sugar manufacturers and exporters from Indonesia.
 
Decision 662 will come into effect 15 days after its issuance, which is March 27.
 
The duties applicable to the Indonesia company will be in effect from March 27 until June 15, 2026, unless amended otherwise by the MoIT, according to Decision 662.
 
The investigation started in September 2024 following a request submitted by the Vietnam Sugar Association in November 2023.
 
It was conducted based on relevant provisions of the Law on Foreign Trade Management, as well as related decrees and decisions on trade defence measures and anti-circumvention measures on sugar products imported from the aforementioned four countries. — VNS
 
Read original article here
Older News
09:32 Vietnam Innovation Challenge 2025 launched to advance AI with Vietnamese open data
09:30 Vietnam’s oil venture in Algeria advances to second phase with promising results
09:28 Vietnam urges Airbus to expand collaboration in high-tech industries, human resource training
09:26 Vietnamese and US businesses sign major trade deals
14/03 Canada's trade policy changes expected to boost for Vietnamese exports
14/03 Vietnam to unlock opportunities in AI and semiconductors: experts
14/03 Top leader promotes Vietnam as a global hub for innovation, financial power
14/03 HCM City to develop international financial centre on 9.2-ha site in Thu Thiem
13/03 Investors show strong interest in Bình Thuận Province
13/03 World Bank raises Vietnam’s growth forecast to 6.8 per cent
 
Newsletter Signup
Top Stories
Market cautious as liquidity drops significantly
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Market Update
Last updated at 3:10:02 PM
VN-INDEX 1,326.15 -0.12/-0.01%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.