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Vietnam is a small-scale sugar producer which is no longer self-sufficient. It therefore imports sugar to meet its needs.
Consumption has been growing steadily in Vietnam due to increasing urbanisation of the population and strong GDP growth.
However, Vietnam’s cane area has decreased through the years as farmers have planted better-paying crops, notably pineapple, instead.
The Vietnamese sugar industry has traditionally been protected by the Government because sugar is deemed a sensitive commodity.
However, in 2020, Vietnam allowed unlimited sugar imports from other ASEAN origins at 5% import duty.
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This Czapp Explainer was Published on the 15th April 2021.
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