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Any changes to the special consumption tax (SCT) on alcohol and beer should only be made after 2025 when the Vietnamese economy and businesses bounce back, said Phan Dang Tuat, president of the Vietnam Association for Supporting Industries (VASI) and former chairman of top Vietnamese brewer Sabeco.
The alcohol sector is lobbying against potential tax hikes in Vietnam, while the government's ear is being bent. But at what cost to public health?
Special consumption tax in Vietnam applies to the production or importation of specific goods and the provision of certain services.
The Ministry of Finance said it does not support removing current special consumption taxes on petroleum in response to recent calls to drop taxes from the Vietnam Chamber of Commerce and Industry (VCCI).
Vietnam’s ambitions for its automobile supporting industry are facing upheaval with the country’s localisation ratio about to be scrapped.