The quota has been decided by the Ministry of Agriculture Rural Development and the Ministry of Industry and Trade after studying the yield of the 2011-12 crop and current inventory volumes, said Nguyen Bai Duong, an agriculture ministry official.
Duong said the quota confirmed the ministry's prediction at the beginning of the year that the country is not facing a sugar shortage.
The general secretary of the Vietnam Sugar and Sugarcane Association, Nguyen Hai, echoed Duong, saying domestic sugar plants can "absolutely meet the demand from companies".
The country produced nearly 1.4 million tonnes of sugar in the 2011-12 crop and the inventory volume as of July 31 was 230,000 tonnes.
Meanwhile, consumption this year is estimated at between 1.3 million and 1.4 million tonnes, Hai said.
Furthermore, he added, the new crop will start from the beginning of this September, reducing the chance of any sugar shortage.
Hai also revealed that domestic sugar consumption in current months has slowed down to about 60,000 tonnes each month compared to the normal 110,000 tonnes. He attributed the fall to illegal imports. Meanwhile, domestically-produced sugar is less competitive because of high prices.
To solve the problem, the association has called on the Government to scrap its system of setting individual sugar import quotas for companies.
Once the Government decides the export quota, they should invite bids from companies, Hai said.
Doan Nguyen Duc, chairman of Hoang Anh Gia Lai Corporation, has rejected all accusations made against his company of deforesting and appropriating land in Laos and Cambodia by the NGO Global Witness, calling them "groundless."
The Viet Nam Coal and Mineral Group (Vinacomin) claims that bauxite mining plants Tan Rai and Nhan Co in the Central Highlands are socio-economically efficient and environmentally safe.