soft drinks sales hit 46 billion litres in 2023

Soft drinks sales hit 4.6 billion litres in 2023

The sales volume of soft drinks in Vietnam reached 4.658 billion litres in 2023, an increase of 4.8 per cent on-year, according to a report by Research and Markets.
carlsberg quaffs british soft drinks maker britvic for 33 bn

Carlsberg quaffs British soft drinks maker Britvic for £3.3 bn

Danish brewer Carlsberg on Monday said that it had reached a deal to buy British soft drinks manufacturer Britvic for £3.3 billion ($4.2 billion).
sugar tax plans see detailed additions

Sugar tax plans see detailed additions

Vietnam is closer to adding a tax on soft drinks based on sugar content to encourage businesses to produce and import low-sugar soft drinks.
mof proposes a 10 per cent special consumption tax on sugary drinks

MoF proposes a 10 per cent special consumption tax on sugary drinks

The Ministry of Finance (MoF) has maintained its view that sugary drinks should be subject to a special consumption tax (SCT) of 10 per cent in a message sent to the government regarding the draft revised SCT Law.
aspartame sweeteners possibly carcinogenic says who

Aspartame sweeteners 'possibly carcinogenic', says WHO

The WHO said Friday it was now classifying aspartame, an artificial sweetener commonly used in soft drinks, as "possibly carcinogenic to humans" -- though the acceptable daily intake level remains unchanged.
alcohol tobacco and soft drinks face increase in excise tax

Alcohol, tobacco and soft drinks face increase in excise tax

Alcohol, tobacco and soft drinks will be subject to an increased excise tax aiming to improve community health and tackle the national budget deficit as part of a comprehensive tax reform strategy for 2030.
soft drinks see hard competition

Soft drinks see hard competition

A series of international brands have been pouring more money into Vietnam’s high-potential soft drink segment, toughening up competition against fledgling domestic producers. Phuong Thu reports.
ministries protest special consumption tax on soft drinks

Ministries protest special consumption tax on soft drinks

Numerous ministries and associations protested against the Ministry of Finance (MoF)’s proposal to apply a special consumption tax (SCT) of 10-20 per cent on soft drinks.
no more alcohol tax hikes forum pleads

No more alcohol tax hikes, forum pleads

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, Alcohol and Beverage Association heard in HCM City on Wednesday.
vba petitions against soft drinks tax

VBA petitions against soft drinks tax

The Vietnam Beer Alcohol Beverage Association (VBA) has requested the Ministry of Finance (MoF) to withdraw its proposal to apply a special consumption tax (SCT) of 10 or 20 per cent on soft drinks due to a lack of practical considerations and negative impacts on soft drinks manufactures as well as the state budget.
coca cola suggests broader approach to sct

Coca-Cola suggests broader approach to SCT

While agreeing with the spirit of taxation and carrying a spotless record of tax payments, Coca-Cola Vietnam claims the Ministry of Financial's proposal to isolate non-alcoholic beverages and soft drinks for taxation goes against international best practices.
mof pulls u turn on fizzy beverage tax position

MoF pulls u-turn on fizzy beverage tax position

The Ministry of Finance has decided not to include carbonated soft drinks in its list of items subject to special consumption tax – a radical shift from the policymaker’s previous view.
coca cola reportedly pulls ads from sanctions linked russian tv

Coca-Cola reportedly pulls ads from sanctions-linked Russian TV

US soft drinks giant Coca-Cola has pulled its ads from four Russian TV stations connected with companies hit by Western sanctions, the daily Vedomosti reported Wednesday (Aug 6).
soft drink dodges consumption tax

Soft drink dodges consumption tax

Hanoi - The Government has agreed with the Ministry of Finance's final draft law and not included carbonated soft drinks to the list of items subject to special consumption tax.
ministry mulls over sin tax on soft drinks

Ministry mulls over sin tax on soft drinks

The Ministry of Finance is considering a special consumption tax on soft drinks for their potential health risks.