5 businesses won the auction for import quota of 100,000 tons of sugar

On the morning of October 20, the Council for the allocation of import tariff quotas for sugar in 2025 held a working meeting in accordance with Decision No. 2259/QD-BCT and 2260/QD-BCT of the Minister of Industry and Trade on the establishment of the Council and regulations on the method of auctioning quota allocation. The meeting was chaired by Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan, Chairman of the Council.

In his opening speech, Deputy Minister Nguyen Sinh Nhat Tan emphasized: The allocation of sugar import tariff quotas is an annual activity of the Ministry of Industry and Trade, implementing international integration commitments and ensuring the balance of supply and demand in the domestic market.

“The Council has fully implemented the prescribed procedures, from notification, receiving business records, reviewing participation conditions, to organizing today’s auction. The goal is to ensure publicity, transparency, objectivity and compliance with the law, creating a healthy and effective competitive environment for businesses,” the Deputy Minister affirmed.

Also according to Deputy Minister Nguyen Sinh Nhat Tan, the 2025 allocation results will be compiled and reported to the Minister of Industry and Trade for consideration and approval according to authority, as a basis for import management in the coming year, contributing to stabilizing the domestic sugar market, ensuring harmonious interests between the State, businesses and consumers.

On behalf of the Council, Mr. Tran Thanh Hai - Deputy Director of the Import-Export Department (Ministry of Industry and Trade), Vice Chairman of the Council said: Up to now, all documents of traders registering to participate in sugar quota allocation have been received and reviewed in accordance with regulations. The implementation steps have been carried out seriously, on schedule and ensuring transparency.

The Import-Export Department and functional units of the Ministry of Industry and Trade will closely coordinate with relevant agencies, including the Customs Department and industry associations, to complete the report and submit it to the Ministry's leaders for early approval, ensuring that businesses can be proactive in their import plans.

According to the Council's Working Group, all registration documents for participation in the auction for the allocation of import tariff quotas for sugar in 2025 have been reviewed, checked and sealed in accordance with regulations. Association and business representatives were invited to directly check the seals and confirm the validity of the 5 sets of participating documents, ensuring the principles of publicity, transparency and fair competition.

After reviewing the list of valid documents, the Council opened the ballots, compiled the results and announced them publicly at the session. As a result, 5 traders won the auction for a total of 100,000 tons of sugar with a total value of 225 billion VND.

Specifically: Vietnam Sugar Joint Stock Company: 20,000 tons, worth 45 billion VND; Vietnam Sugarcane Joint Stock Company: 20,000 tons, worth 45 billion VND; Thanh Thanh Cong - Bien Hoa Joint Stock Company: 20,000 tons, worth 45 billion VND; Agris Tay Ninh Joint Stock Company: 20,000 tons, worth 45 billion VND; Agris Ninh Hoa Import-Export Joint Stock Company: 20,000 tons, worth 45 billion VND.

All bids and detailed records of each enterprise are kept with the minutes of the allocation session, serving post-audit and official announcement according to the regulations of the Ministry of Industry and Trade. Organizing the allocation session of sugar import tariff quotas by auction is one of the important annual activities of the Ministry of Industry and Trade to comply with the provisions of Circular No. 11/2022/TT-BCT, contributing to ensuring fairness and transparency in the allocation of import quotas, while improving the effectiveness of state management in the field of conditional goods trade.

This year's allocation session is assessed to be carried out seriously and in accordance with procedures, reflecting the efforts of the Ministry of Industry and Trade in reforming procedures, promoting transparent auction mechanisms and marketization, while contributing to supporting businesses to be more proactive in import plans and stabilizing the domestic sugar market.

Source: https://vtv.vn/5-doanh-nghiep-trung-dau-gia-han-ngach-nhap-khau-100000-tan-duong-10025102107404827.htm