Vietnam approves 90 percent tax rate on beer, strong alcohol by 2031

Vietnam's lawmakers approved raising the tax on beer and strong alcoholic beverages on Saturday to 90 percent by 2031 from the current 65 percent, state media said. Lawmakers also approved a new levy of eight percent on beverages containing more than five grams of sugar per 100 millilitres, taking effect in 2027 and increasing to 10 percent in 2028.

Most Recent