Dialogue on proposed excise tax for beer and alcohol bet88 con open on July 31

A livestreamed dialogue on ensuring sustainable benefits when making amendment bet88 con the Law on Excise Tax is scheduled at 2pm on July 31.

The event will be organized by VnEconomy/Vietnam Economic Times.

The Ministry of Finance (MoF) is collecting feedbacks for the draft amendment bet88 con the Law onExcise Tax with many new regulations which will possibly have impacts on the beverage industry.

Vietnam currently applies an excise tax on alcohol of 35–65% and beer of 65%.

The MoF proposed adjusting these rates following a roadmap from 2026 bet88 con 2030 bet88 con increase the retail price of these products by at least 10% under recommendations from the WHO.

Under the plan, the excise tax for wine and spirits with alcohol content of at least 20% and beer will increase bet88 con 90-100% by 2030. For wine and spirits with the alcohol content of less than 20%, the tax is expected bet88 con increase bet88 con 60-70%.

The draft will be submitted bet88 con the National Assembly for discussion during its eight session scheduled in October this year. It is expected for approval by the NA next May.

At the dialogue, experts will analyze and assess the draft, particularly roadmap bet88 con increase the tax rates.

They will also analyze goals and sustainable benefits gained from increasing the tax rates and propose solutions bet88 con ensure sustainable benefits of the draft amendment bet88 con the law basing on the balance of the benefit triangle between the State and society, producers and the value chain, and consumers.