Taxes on alcohol and soft drinks should not be hiked again in the next few years since successive hikes in special consumption tax have had a strong impact on the market, a round table organised by the Viet Nam Beer,...
The Ministry of Finance has proposed to increase special consumption tax
on imported goods to ensure fair competition between locally
manufactured products and imported ones.
There will be stiff competition between domestic and foreign beverage
firms as Viet Nam integrates further into the world beverage market,
with tremendous potential for development, said experts.
The Viet Nam Beer, Alcohol and Beverage Association (VBA) recently
proposed that the State administration impose a special consumption tax
of 10 per cent on carbonated beverages.