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Tag: alcohol

Vietnam Wine Industry: Overview 2024

Vietnam’s wine industry has steadily grown, driven by an expanding middle class and a rising interest in wine culture. While traditionally dominated by beer and spirits, wine is becoming increasingly popular, particularly in urban areas. The domestic wine industry is centred around the Central Highlands, with Dalat being the hub of local production. Brands like Ladora Winery and Vang Dalat are well-known, offering affordable and accessible options to Vietnamese consumers…

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Liquor Licences in Vietnam 2024

In Vietnam, liquor licences are mandatory for businesses involved in the production, distribution, retail, or import/export of alcoholic beverages. The licensing process is regulated by the Ministry of Industry and Trade (MOIT) and other relevant authorities depending on the type and scale of the business. Vietnam has specific regulations for different types of alcoholic products, such as beer, wine, and spirits. Obtaining a liquor licence is essential for legal compliance and ensures that businesses adhere to safety, taxation, and distribution laws.

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World Bank recommends Vietnam raise alcohol excise tax to 155 percent

The World Bank reportedly does not believe the current tax increase slated for beer and wine in Vietnam are sufficient–The Ministry of Finance has a plan on the table to increase the SCT to 90 percent for beer and between 60 to 100 percent for wine and liquor. This would be an increase from 65 percent on beer and between 35 and 65 percent for wine and hard liquor depending on the alcohol content…

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Vietnam ministry proposes 100 percent special consumption tax on alcohol

Of note, major beer makers in Vietnam, including the makers of the popular Beer Saigon and Beer Hanoi brands reported falling profits in 2023. A crackdown on drink-driving has partially been blamed alongside the pending increase in taxes on alcoholic beverages–though nothing has been confirmed and its not clear how a future tax increase might have influenced last years sales.

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