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Day: July 20, 2024

Vietnam’s footwear exports recovering on back of lower tariffs

the-shiv July 20, 2024

The surge in exports has been largely driven by the elimination of import duties through various free trade agreements. When the EVFTA came into effect in 2020, for example, tariff lines on Vietnamese footwear exported to the EU reduced by 37 percent, with any remaining tariffs to be eliminated progressively by 2027…

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Vietnamese to consume additional 2.56 million litres of soft drink by 2033

the-shiv July 20, 2024

Of note, Vietnam is currently debating adding soft drinks to the list of items subject to the Special Consumption Tax. In the most recent version of a revised SCT, the Ministry of Finance has included a ten percent tax on drinks with 5 grams or more of sugar per 100 millilitres. This legislation, however, is still in its draft stage…

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