Vietnam to tax sugary drinks, gasoline under new law
T revised Excise Tax Law which amends 11 articles, will take effect on January 1, 2026.
Covid-19 still affecting beverage industry
Revenue in Vietnam’s beverage industry plummeted 17 per cent in 2020 compared to 2019. Although the industry is likely to recover over the course of this year thanks to the reopening of tourism and dining, gross profits seem certain to fall because the cost of all input materials are at high levels.