Vietnam not to build more sugarcane plant

Vietnam not to build more sugarcane plant

The Ministry of Agriculture and Rural Development approved the sugarcane plan by signing a decision No. 1369/QD-BNN-CBTTNS to re-structure the sugarcane sector by 2020 with the vision to 2030 yesterday, affirming Vietnam will not build more new sugarcane plants.
A view of ethanol production plant of Tung Lam JSC in Dong Nai. (Source: laodongdongnai.vn)

Ministry moots ethanol import tax cut

The Ministry of Finance has proposed to lower import tax on bio-fuel ethanol from 20 to 17 percent so as to make E5 petrol cheaper.