Balancing interests for fair hike to special consumption tax

Balancing interests for fair hike to special consumption tax

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

Sudden increase in special consumption tax fails to change consumer behaviour

Abrupt tax increases do not alter consumer behaviour, suggesting a need to combine tax measures with administrative approaches.
Tax increases must be effective to support beverage groups

Tax increases must be effective to support beverage groups

The beverage manufacturing and trading sector has been making an important contribution to Vietnam’s socioeconomic development and meeting domestic and export consumption needs, ensuring market stability.