Tag: Vietnam Chamber of Commerce and Industry (VCCI)

When the State expands development space through superior institutional frameworks, it is the business community that directly translates those opportunities into capital investments, industrial output, jobs, and tangible social value.

The “pressing” problem of tax rates and the roadmap for increasing excise taxes on cigarettes was again discussed at a recent seminar jointly organized by the Vietnam Tax Consultants’ Association (VTCA) and the Vietnam Chamber of Commerce and Industry (VCCI). Analysts noted that any sudden tax increases would encourage smuggling and result in tax revenue losses, so it is necessary to introduce an appropriate roadmap.