Brewery companies have lowered profit targets due to a severe in sales consumption caused by COVID-19 and newly-applied strict penalties for inebriated drivers.
The high consumption of beer in Viet Nam has previously attracted brewers to cash in. But now, the Viet Nam Beer Alcohol Beverage Association (VBA) is asking the Government for help.
Beverage companies seek to delay until the beginning of 2017 the
application of amended regulations on calculating their special
consumption tax, claiming they need more time to adjust their production
plans.
Domestic beverage companies were urged to improve their distribution
system to protect their domestic market shares amid anticipated rising
competition pressure associated with intensive international
integration.