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Proposed Tax Hike Threatens Vietnam’s Beer Market

Proposed Tax Hike Threatens Vietnam’s Beer Market

by Teuvo Tuomi | Jun 17, 2024 | Vietnam, Food & Drinks, Health, Lifestyle, News, Society, Taxation

Vietnam’s Finance Ministry is proposing a hike in special consumption tax on alcoholic drinks to 100% by 2030. Under the draft, the tax on beer and strong liquor will first be raised to 70-80% by 2026 from the current 65%. “Alcoholic drinks and beer prices...
ThaiBev Aims for Expansion

ThaiBev Aims for Expansion

by VF | Sep 28, 2022 | Linkss, ASEAN, Business, Food & Drinks, News, Southeast Asia

Thailand’s Singapore-listed conglomerate, ThaiBev, plans to spend 5-8 billion baht next year to expand its businesses. Out of this, 1.1. billion baht would be allocated for the food business, 600-800 million for spirits, and 300-400 for non-alcoholic drinks. For...

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