special consumption tax

Continued VAT cuts aim to boost economic growth

June 18, 2025 | 12:07

The National Assembly has ratified continued VAT cuts through 2026 to stimulate economic recovery, ease business burdens, and maintain momentum.

Lawmakers make case for consumption tax additions

December 03, 2024 | 10:46

The Ministry of Finance’s plan to inflict a special consumption tax on air conditioners and sugary drinks has received mixed responses from many lawmakers and experts.

Options narrow for tax on beer products

December 03, 2024 | 10:25

Research experts have quantified options for increasing special consumption tax on beer, which are expected to help policymakers come up with a solution that harmonises benefits.

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.

VIR conference hears beer profits have declined due to controls

August 17, 2024 | 12:25

Beer industry revenues have fallen by 6 per cent across the country and by 11 per cent in six major cities in the last 12 months due to stricter alcohol concentration regulations as well as consumer preferences.

Amended special consumption tax should be applied over next two or three years

August 16, 2024 | 11:40

An amended special consumption tax (SCT) on alcohol should have a reasonable route so that manufacturers have time to adapt to the changes.

Balancing interests for fair hike to special consumption tax

August 16, 2024 | 09:12

The roadmap laid out to increase the special consumption tax should be scrutinised to balance the interests of the government, manufacturers, and consumers.

Sudden increase in special consumption tax fails to change consumer behaviour

August 15, 2024 | 12:14

Abrupt tax increases do not alter consumer behaviour, suggesting a need to combine tax measures with administrative approaches.

Phased tax hikes crucial for sustaining business operations

August 15, 2024 | 12:13

Proposed tax increases on some beverages have raised concerns, particularly given the ongoing challenges faced by the beverage industry in particular.