Tax increase for alcohol, beer, tobacco should go with combat against smuggling and tax evasion

Tax increase for alcohol, beer, tobacco should go with combat against smuggling and tax evasion

VCN - The Government suggests that it is necessary to develop regulations on special consumption tax that adhere to the principle of promoting production and business, economic development and meet the requirements of protecting the environment and people
Alcohol and beer are subject to special consumption tax

Alcohol and beer are subject to special consumption tax

VCN - According to the provisions of the Law on Special Consumption Tax, alcohol and beer are subject to special consumption tax.
Excise tax policy on alcoholic products changed 12 times

Excise tax policy on alcoholic products changed 12 times

VCN - At the conference on the current status of tax policy on alcoholic beverages and reform trends jointly organized by the Central Institute for Economic Management (CIEM) and the Vietnam Tax Consultants' Association on January 18, many important infor
Right time to review the draft Law on Excise Tax

Right time to review the draft Law on Excise Tax

VCN - Contributing to the seminar "discussion to develop the revised Law on Excise Tax” taking place on July 4, many agreed that the amendment to the Law on Excise Tax is necessary and this is the right time to evaluate and review the Bill.
Beer and alcohol enterprises: Find a way to avoid "double impact"

Beer and alcohol enterprises: Find a way to avoid "double impact"

VCN- In the separate financial statements as of the end of the third quarter of 2020, Sabeco recorded nearly VND20,100 billion of revenue, down 28.7% over the same period last year.
Imported petrol, wine and beer in Hai Phong decrease significantly

Imported petrol, wine and beer in Hai Phong decrease significantly

In June 2019, two imported commodity groups bringing large revenues to Hai Phong Customs have decreased, compared to the same period in 2018.
Vietnam’s beer market is promising land for global brands

Vietnam’s beer market is promising land for global brands

Vietnam ranked top in the Southeast Asia and third in Asia in terms of beer volume consumed in 2017, only behind Japan and China, proving to be a promising land for both local and foreign brewers, Zing News reported.
Quang Tri: Smuggled sugar and beer are “in season”

Quang Tri: Smuggled sugar and beer are “in season”

The hot weather is also the time of smuggling and illegal transportation of sugar and beer… in the Lao Bao International border gate area (Huong Hoa, Quang Tri) “the season" starts.
Demand for beef up in Vietnam

Demand for beef up in Vietnam

Vietnam paid US$410 million for imported beef last year due to increasing demand, according to the Ministry of Agriculture and Rural Development.
The regulation on personal effects as alcohol and cigars amended

The regulation on personal effects as alcohol and cigars amended

The General Department of Vietnam Customs is gathering comments from people about the draft Circular amending Circular 120/2015/TT-BTC of the Ministry of Finance regulating on forms, printing, issuing, and management and use of Customs declarations for pe
Booze exports to be reduced

Booze exports to be reduced

Vietnam expects to earn US$900 million from exporting beverage products by 2035, according to the industry’s planning.
Foreign investors may flatten Vietnam beer market

Foreign investors may flatten Vietnam beer market

Foreign investors will take over Vietnam beer market due to the acquisition by foreign investors of domestic beer brands
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