Some Thai sugar companies are subject to anti-dumping tax by Vietnam.

The Ministry of Industry and Trade imposes anti-dumping and anti-subsidy taxes on cane sugar products of a number of Thai companies from August 18, 2023 to June 15, 2026.

The tax is imposed on Mitr Phol Sugar Group (Thailand and Asia's largest sugar and bioenergy producer) and four affiliates and Czamikow Group Limited; Thai Roong Ruang Industry Group (the second largest sugar producer) and five affiliates.

This decision was made by the Ministry of Industry and Trade based on the results of the first review of the application of anti-dumping and anti-subsidy measures on some cane sugar products originating from Thailand. The decision takes effect from August 18, 2023 to June 15, 2026.

The lowest anti-dumping tax rate imposed was 25.73% and the highest was 32.75%, while the highest anti-subsidy tax rate was 4.65%.

The Ministry of Industry and Trade said that anti-dumping tax and anti-subsidy tax are additional import taxes applied to imported sugarcane originating from Thailand, including imports under tariff quotas.

In June 2021, Vietnam officially imposed anti-dumping and subsidy taxes on cane sugar imported from Thailand after a period of temporary tax imposition. The tax rate at that time was 47.64%. In August 2022, the Ministry of Industry and Trade decided to maintain this tax rate.

Previous investigations have shown that subsidized sugar from Thailand has flooded into Vietnam, causing great damage to the domestic sugar industry. According to the authorities, 3,300 people have lost their jobs and 93,225 farming households have been affected by the difficulties of the domestic sugar industry.

Duc Minh

Source link: https://vnexpress.net/mot-so-cong-ty-duong-mia-thai-lan-bi-viet-nam-ap-thue-chong-pha-gia-4639394.html