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Vietnam beer makers report fall in profits on DUI crackdown, alcohol tax

Major beer makers in Vietnam including the makers of the popular Beer Saigon and Beer Hanoi brands have reported falling profits in 2023, The Investor is reporting. The publication goes on to say this is due to a crackdown on drink-driving and a ‘pending alcohol tax’. On the latter, it’s not clear what tax the article is referring to–Vietnam has a special consumption tax already in place that applies to alcohol–for beer it’s about 65 percent.

See also: Vietnam Beer: What You Need To Know in 2024 

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Vietnam high-profile stock market manipulation trial to kick-off in July

Prior to Quyet’s arrest, FLC had been a major real estate developer in Vietnam. The company had properties all over Vietnam as well as an airline–Bamboo Airways–with Quyet at one point reportedly a US dollar billionaire. Well known in Vietnam–idolised by some for his business savvy–his arrest drew a lot of media coverage and his trial will likely too…

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Vietnam records 8.8 million tourist arrivals to June [data set]

Vietnam’s tourism arrivals reached 8.8 million between January and June of this year an increase of 58.4 percent over the same period in 2023. That said, month on month June saw a decline in tourist numbers of about 9 percent.  This is notable in that June is the peak summer travel period for the northern hemisphere…

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Vietnam Airports: Foreign Investors Guide 2024

Vietnam’s airports have been a critical component in Vietnam’s economic development. They are the main entry point for most foreign investors, they facilitate millions of dollars of trade via air freight every day, and they have commanded huge amounts of public investment spurring the country’s economic growth. But Vietnam’s key airports are near, if not over capacity, and expansions are sorely needed. This, however, will take huge amounts of money as well as expertise and support. With this in mind, this guide runs through Vietnam airports, including their needs and development plans…

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Vietnam Seaports: Foreign Investors Guide 2024

Vietnam’s seaports, like Vietnam’s airports, have been a critical component to logistics in Vietnam and subsequently in Vietnam’s economic development. They are the main entry point for most foreign imports and the main exit point for most manufactured goods made in Vietnam. As such they facilitate millions of dollars of…

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Vietnam Industrial Production Index gains 10.9 points in June

Vietnam’s Industrial Production Index recorded a gain of 10.9 points in the twelve months to June of 2024. This is the fourth consecutive month that an increase has been recorded. The biggest gains were in: services related to printing, rubber and plastic goods manufacturing, and plastic goods manufacturing. Conversely the biggest falls were in: production of batteries and accumulators, natural gas exploitation, and production of toys and games…

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