Vietnam’s waiver of sugar import quotas could sweeten Laos’ market share

📆 2020-01-03 17:12:00
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VIENTIANE: Vietnam’s abolition of sugar import quotas for Asean members is seen as a major opportunity for Laos businesses to more easily access the neighbouring country’s market.

It provides the potential for Laos businesses to gain a foothold in a large market with many consumers, according to a sugar processor in Savannakhet province.

Sugar is a commodity whose import the Vietnamese government has to regulate in order to protect domestic producers. But in compliance with the obligations of Asean, the Vietnamese government signed and agreement on Oct17,2018. Quotas for sugar imports originating from Asean members will be terminated and there will be no limits on the quantity of sugar imported to Vietnam.

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Vietnam is spearheading all sectors of their economy unfortunately Malaysia is behind them! It's regrettable.

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