HAGL group gets approval to import sugar from Laos

HAGL group gets approval to import sugar from LaosHA NOI (VNS) — The Government has made a nonspecific agreement allowing the Hoang Anh Gia Lai Group (HAGL) to import 50,000 tonnes of sugar from Laos at a tax rate of 2.5 per cent.

The group has invested heavily in sugar production in Laos.

The Ministry of Agriculture and Rural Development and the Ministry of Industry and Trade agreed to the quota and submitted a proposal to PM Nguyen Tan Dung for approval.

Earlier, the HAGL Group filed a petition to allow it to import crude sugar from Laos to then process in Viet Nam and finally export to China.

According to commitments made to the WTO, Viet Nam must allow 81,000 tonnes of sugar to be imported as raw material this year. The import quota rises by five per cent a year. The quota started at 50,000 tonnes in 2007 when the country joined the WTO. 

Source: vietnamnews.vn
Collected by Nhu-Vu SAPUWA