The Central Institute for Economic Management has projected that GDP in 2026 could take a hit of 0.03 percent as a result of an increase in Vietnam’s special consumption tax on beer, which could rise to between 70 and 80 percent, VN Express has reported.
The article goes on to canvas the opinions of a range of industry groups but there does not appear to have be any analysis of the cost savings from a reduction in alcohol related illnesses and road deaths and property damage caused by drunk drivers nor how the funds collected might be redistributed.
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