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vietnam's beverage industry
Update news vietnam's beverage industry
Proposed 100% beer tax sparks economic concerns
The proposed hike in Vietnam’s Special Consumption Tax on beer to 100% by 2030 has raised concerns about its potential impact on the economy, labor market, and foreign investment.
Special consumption tax on alcoholic beverages requires careful study
Economists and industry experts said a balanced approach is required in implementing the changes to Vietnam's special consumption tax law, which will see tax double for alcoholic beverages from 2026 to 2030.
Excise tax on sugary beverages sparks debate between industry and experts
The proposal to apply a 10% excise tax on sugary beverages faces opposition from the beverage industry, which argues that the tax unfairly targets their products.
Domestic brewers struggle to recover amidst ongoing challenges
Beverage companies are currently operating at less than 80 per cent of their pre-pandemic capacity.
Special consumption tax can hurt beverage industry
Vice chairman of the Vietnam Association of Financial Investors (VAFI) Nguyen Hoang Hai said that paying additional tax will erode Vietnamese beverage makers’ competitive advantages.
