Key financial laws aim to drive institutional reform and growth
July 15, 2025 | 16:09
Key financial laws passed by the National Assembly underscore a strategic vision to complete a comprehensive financial institutional framework.
Excise tax scope aspires to mitigate economic impacts
June 14, 2025 | 10:00
Key proposals have been made to expand the scope of the revised Law on Special Consumption Tax, maintaining sugar-sweetened beverages and petrol in the excise tax bracket, while narrowing its application to certain categories of air conditioners.
Special consumption taxes must be designed to suit Vietnam’s specific needs
December 03, 2024 | 14:00
The draft amended Law on Special Consumption Tax has more clearly defined the subjects of tax, not subject, and taxpayers. The draft has also expanded the subjects and increased the tax rate for some beverage products that are considered harmful to health.
Tax changes require more scientific basis
August 19, 2024 | 16:00
The Ministry of Finance is set to put more special consumption taxes on several types of drink. Nguyen Van Phung, former director of the Department of Tax Administration for Large Enterprises, spoke to VIR’s Huong Uyen about issues related to the draft law on this type of levy.
Consumer beverage trends must be taken into account
August 19, 2024 | 14:00
The alcoholic beverage market in Vietnam is undergoing a significant transformation due to new consumer trends and particularly the enforcement of stricter concentration policies. Le Minh Trang, associate director of the Retail Measurement Service at NielsenIQ (NIQ) Vietnam, talked to VIR’s Hoang Oanh.
Building a reasonable roadmap for increasing SCT
August 19, 2024 | 12:00
After 16 years of implementation, the current Law on Special Consumption Tax (SCT) has achieved significant results, but the amendment of the law is necessary with a specific roadmap to enhance comprehensive alcohol management measures.
SCT law options being calculated carefully
August 19, 2024 | 08:00
Businesses and insiders calling for changes in taxes, particularly in terms of products like beer, need to quantify the impacts on society and industry as a whole.
Legitimate businesses must not be disadvantaged with alcohol tax
August 12, 2024 | 11:00
The draft Law on Special Consumption Tax, including a high raise in the tax for alcohol, will have great and direct impacts on not only enterprises in the production and trading of alcohol and soft drinks, but also product chains, labour, and social security.
Practical solutions appropriate regarding sugary drinks
August 12, 2024 | 11:00
International organisations like the World Health Organization, World Bank, UNICEF, and Johns Hopkins University have put across their opinions on proposals in Vietnam on taxing sugary beverages, the Ministry of Finance has said.
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