Want to be in the loop?
subscribe to
our notification
Business News
MINISTRIES PROTEST SPECIAL CONSUMPTION TAX ON SOFT DRINKS
Numerous ministries and associations protested against the Ministry of Finance (MoF)’s proposal to apply a special consumption tax (SCT) of 10-20 per cent on soft drinks.
According to newswire Vnexpress, in a document sent to MoF to contribute an opinion related the adjustment and addition of the SCT, the Ministry of Industry and Trade (MoIT) stated that citing soft drinks’ impact on health is not convincing enough to apply the SCT.
Besides, mentioning tea and coffee products that contain no added sugar in the soft-drink group makes MoF’s definition inconsistent. Thus, MoIT asked MoF to clarify the reasons for the application of SCT on soft drinks as well as the reason for issuing a quota on these products.
The Ministry of Agriculture and Rural Development (MARD) also disagreed with MoF’s proposal. The ministry stated that there has yet to be an official study showing that sugar drinks, including instant tea and coffee, causs obesity and diabetes in Vietnam, especially among children.
As Vietnam is stimulating the development of the agricultural product processing industry, MARD also asked MoF to clarify the definition of soft drinks, and simultaneously proposed to remove instant tea and coffee from the subjects to the SCT.
The Ministry of Planning and Investment proposed MoF to study the impact of this policy on the beverage sector, the state budget, and other factors, including jobs and production facilities.
According to the Association of Tea of Vietnam, mentioning instant tea on the list will impact the operation of tea manufacturing firms as well as tea growing households.
Associate Prof. and PhD Ngo Tri Long proposed that the calculation of the SCT needs to be based on the percentage of sugar content in each soft drink product.
Responding to the above opinions, MoF quoted a report from WHO, which shows that consuming too many drinks containing added sugar will have a negative impact on health.
WHO also stated that 40 countries currently apply SCT on soft drinks. Besides, three countries in the ASEAN, namely Myanmar, the Philippines, and Indonesia, are also considering applying SCT on soft drinks.
According to the calculations of MoF, applying the SCT of 10 per cent on soft drinks from 2019 will contribute over VND5 trillion ($220.2 million) to the state budget per year.
This is not the first time that MoF’s proposal has received objections. In February 2014, government agencies and beverage companies, and most notably, foreign beverage producers in Vietnam showed pronounced opposition to MoF’s proposal from the moment it made headlines.
Finally, in August 2014, MoF decided to withdraw its proposal.
Source: VIR
Related News
GARMENT, TEXTILE INDUSTRY LOOKS TO AI, ROBOTS TO BOOST COMPETITIVENESS
The textile and garment industry is seeking to accelerate the adoption of artificial intelligence (AI), robotics and automation to improve productivity, meet increasingly stringent international standards and move towards higher value-added production. Đỗ Nam Bình, deputy director of the Industry Agency under the Ministry of Industry and Trade, said textiles and garments remained a strategic sector of the Vietnamese economy with significant contribution to export earnings, job creation and the country’s integration into global supply chains.
INFOGRAPHIC SOCIAL-ECONOMIC PERFORMANCE IN OCTOBER OF 2026
The monthly statistical data presents current economic and social statistics on a variety of subjects illustrating crucial economic trends and developments, including production of agriculture, forestry and fishery, business registration situation, investment, government revenues and expenditures, trade, prices, transport and tourism and so on.
INVITATION | GLOBAL KNOWLEDGE - VIETNAMESE STORIES
The Organizing Committee is pleased to cordially invite you to attend the program “Global Knowledge – Vietnam Stories”, hosted by Thu Dau Mot University, in partnership with Global Vovinam Academy and Vietnam Leadership Institute. The program will feature a Partnership Announcement Ceremony and a Leadership Dialogue under the theme “Forging Vietnam's Next Leaders: Brighter Hearts. Stronger Wills. Deeper Minds."
FLY TO HONG KONG WITH A USD40 OFFER FROM CATHAY PACIFIC
From familiar sights like the iconic ding ding trams to the breathtaking Victoria Harbour, think you’ve seen it all? Venture beyond the usual to uncover local neighbourhoods, an ever-evolving culinary scene, and vibrant festivals that define this Asia's World City. This November, experience the energy of one of the world’s most unique destinations with Cathay Pacific with promo code FLYTOHK40 for USD40 off on flights to Hong Kong.
VIETNAM MANUFACTURING GROWTH EASES IN OCTOBER AS EXPORT ORDERS FALL
The S&P Global Vietnam Manufacturing Purchasing Managers' Index ticked up to 52.3 points in October from 51.9 points in September, pointing to a further modest monthly strengthening in the health of the sector at the start of the fourth quarter. Business conditions have now improved in 16 consecutive months. The overall improvement in operating conditions was limited by slower rises in output and new orders.
HUNG YEN BOOSTS INFRASTRUCTURE TO TAP COASTAL GROWTH POTENTIAL
Hung Yen is shaping its development space to connect the northern industrial and urban areas with the coastal economic zone. Under the provincial master plan for the 2021–2030 period, with a vision to 2050, as adjusted under Decision No.579/QD-UBND, the province has established a structure comprising three regions, two corridors, three longitudinal axes, and four horizontal axes.






















