Vietnam plans raising special consumption tax on alcoholic drinks to 100% by 2030

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HANOI: Vietnam's Finance Ministry has proposed to hike a special consumption tax on alcoholic drinks to 100% by 2030, the ministry said, a move that may further hurt the country's beverage industry.

Shares in Sabeco fell by 3.66% on Friday morning after the ministry's proposal.

Sabeco, accounting for 34.4% of the market, also posted a 12.6% fall in consumption.

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Article Details

Category: EconomyBusiness

Markets: ThailandVietnam

Topics: Beer Beverage Proposal Alcoholic Industry Special Drinks Finance Consumption Sabeco Ministry

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-14 @ 15:07:00 (6 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 344 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 21252321

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Official Website: bangkokpost.com

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