The World Bank has recommended Vietnam increase its excise tax, officially known as the Special Consumption Tax, to 155 percent on alcohol, Doanh Nhan Saigon is reporting.
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.
There has been some pushback from the beverage industry which has struggled in recent years. Beer in particular.
See: What’s Happened to Vietnam’s Beer Market? Unpacked 2024