VIETNAM SUGAR INDUSTRY

According to USDA forecast, the world sugar volume in the crop 2018/2019 will decrease by 4 million tons compared to the previous forecast; however, it will be still at high level, rising by 4% compared to the crop 2017/2018. The world sugar consumption has been increasing for years. The average sugar consumption per person has increased continuously from 22,6kg/person in 2012 to 23,46 kg/person in 2018 with a CAGR of 0,75% in the whole period.

Compared to the world sugar industry, Vietnam stands the 14th position in sugar growing area and volume. The sugar production volume fluctuated quite closely to the fluctuation of the sugar cane production. When the sugar cane volume increases, the sugar supply tends to increase because after being harvested, sugar cane must be put into production of finished products and be warehoused or it will be damaged and can not last long. According to Vietnam sugar cane association, in the end of season 2018/2019, the sugar volume in Vietnam is forecasted to decrease by 11,6% compared to the crop 2017/2018.

The sugar consumption volume in crop 2017/2018 increased by 13% compared to the previous crop.Although it has risen pretty dramatically, the sugar consumption of Vietnamese people is still low compared to other countries in the region and the world average level.

Vietnam’s sugar price correlates quite closely with the world sugar price because Vietnam often has to import sugar, but the sugar price is different among domestic regions. In the first 3 months of 2019 in the crop 2018/2019, Vietnam sugar price went on a downward tendency and still maintained low level due to the effects of the price tendency of the world market.

Abbreviations
Summary
1. Business Environment
1.1. Macroeconomic Context
1.2. Legal Framework
2. Global sugar industry overview
2.1. Sugar industry overview
2.1.1. Overview of sweetener market
2.3. Production Situation
2.4. Consumption
3. Vietnam sugar industry
3.1 History of Vietnam sugar industry
3.2 Producing procedures and technology
3.3 Production
3.4 Consumption
3.5 Export-import
3.6 Price
4. Vietnam sugar industry planning
5. Outlook
6. Enterprise Analysis
6.1 Introduction of enterprise
6.2 Financial Analysis
Appendix

Thanh Thanh Cong Bien Hoa JSC
Quang Ngai Sugar JSC
Vietnam Sugar JSC
Lam Son Sugar and Sugarcane JSC
Can Tho sugar and sugarcane JSC
Nghe An Sugar Co.,ltd 
Son Duong sugar and sugarcane JSC
Son La sugar and sugar cane JSC
Sugar Corporation II – Joint Stock Company
La Nga Sugar and Sugarcane JSC

List of figures
Figure 1: GDP growth rate by quarter, 2016 – 2019
Figure 2: Value of agricultural, forestry and fishery production in the first quarter (at constant prices in 2010), 2016 – 2019
Figure 3: Consumer confidence index, Q1 / 2014 – Q4 / 2018
Figure 4: Retail sales of goods, 2010 – Q1 / 2019
Figure 5: Average consumption of sugar per capita in Vietnam, 2010-2018
Figure 6: Total population and population structure in working age, 2010 – 2018
Figure 7: Market structure of sugar and sweeteners in the world by revenue, 2016
Figure 8: Revenue of sweeteners in the world in 2016
Figure 9: Consumption output of Sweeteners, 2000-2018
Figure 10: HFCS output structure by country, 2018
Figure 11: Market share of artificial sweeteners on the world market, 2017
Figure 12: World production of sugar by type, year 2005 / 2006-2018 / 2019f (*)
Figure 13: World sugar production structure by type, 2017 / 2018e season
Figure 14: World sugar production structure by country, year 2017/2018
Figure 15: Sugar production volume of major regions in the world, 2016/2017 – 2017 / 2018e
Figure 16: Type of sugar in countries and territories
Figure 17: Production costs of sugar and average monthly wages at  some countries, 2017
Figure 18: Labor cost ratio on total sugar production cost, 2017
Figure 19: Consumption output of world sugar by type, year 2008/2009 -2017/2018e
Figure 20: Average sugar consumption per capita in the world , 2012-2018e
Figure 21: Sugar consumption structure in the world , 2018
Figure 22: Consumption of sugar on a per capita basis by region 2000-2018
Figure 23: Top 10 largest sugar consuming countries in the world, year 2017/2018
Figure 24: Per capita sugar consumption in some major consuming countries,
crop year 2010/2011 and 2017/2018
Figure 25: Number of enterprises producing sugar, 2010 – 2018
Figure 26: Distribution of enterprise quantity by region, 2018
Figure 27: Number of workers in Sugar manufacturing industry, 2010 – 2017
Figure 28: Revenue and profit of sugar industry, 2010 – 2017
Figure 29: Sugar production of Vietnam, 2009/2010 – 2018/2019
Figure 30: Structure of sugar production plants by region, 2018 / 2019f
Figure 31: Vietnam molasses, output 2010 – 2018
Figure 32: Sugar consumption output of Vietnam,  2010/2011 – 2017/2018
Figure 33: Per capita consumption of Vietnam, 2010 – 2018
Figure 34: Vietnam’s import value of sugar through months, 2016 – 2019
Figure 35: Sugar import structure by type, 3T / 2019
Figure 36: Vietnam Sugar Inventory Output, 2009/2010 – 2017/2018
Figure 37: Structure of Vietnam’s sugar import market, 3T / 2019
Figure 38: Sugar export value of Vietnam, 2016 – 2018
Figure 39: Retail price and wholesale price of domestic sugar, 1/2016 – 3/2019
Figure 40: World sugar price, 1/2016 – 3/2019
Figure 41: Net revenue, 2016/2017 – 2017/2018 and 2017 – 2018
Figure 42: Gross profit margin 2016/2017 – 2017/2018 and 2017 – 2018
Figure 43: Selling expenses, 2016/2017 – 2017/2018 and 2017 – 2018
Figure 44: Administrative expenses, 2016/2017 – 2017/2018 and 2017 – 2018
Figure 45: Financial expenses, 2016/2017 – 2017/2018 and 2017 – 2018
Figure 46: Debt ratio, 2016/2017 – 2017/2018 and 2017 – 2018
Figure 47: Liquidity ratio, 2016/2017 – 2017/2018 and 2017 – 2018
Figure 48: Fixed asset turnover, 2017/2018 and 2018
Figure 49: Profit Margin, 2018 and 2017/2018

List of tables
Table 1: Comparison of methods of collecting sugarcane juice
Table 2: Comparison of sedimentation and filtration methods
Table 3: Situation of sugar factory in Vietnam
Table 4: Top sugar companies