Business

MoIT to auction sugar import quotas for 94,000 tons

As per the Ministry of Industry and Trade’s Circular No. 22/2018 on auctioning the 2018 sugar import quota for 94,000 tons, traders who supply sugar for food manufacturing, traders supplying raw sugar for the production of refined sugar and individuals, organizations that involved in importing sugar by national quotas in 2018 are eligible for the bidding.

The Ministry of Industry and Trade (MoIT) will hold bids of 94,000 tons of sugar this year.
The Ministry will set up an auction council for the bidding.
The ministry will provide legal document to grant permission to the bid winners after receiving the result of the auction from the council.
The winner must provide the Ministry’s permission to the Vietnam Customs to complete customs formalities in addition to carrying out present requirements.

By VAN PHUC – Translated by UYEN PHUONG

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