Big Alcohol Is Lobbying to Delay Alcohol Tax Increase in Vietnam

The alcohol industry is lobbying to delay the proposed alcohol tax increase in Vietnam. Earlier in the year, the Vietnamese government approved the Strategy for Tax System Reform till 2030. Accordingly, Vietnam will adopt a road map to increase excise taxes on tobacco and alcohol products.
Despite the multiple benefits for people and society from alcohol and tobacco tax increases, Big Alcohol is claiming that the industry needs more time to recover from the COVID-19 pandemic and opposes the alcohol tax rise. However, a look at the 2022 revenue and profit increases for one of the largest alcohol companies in Vietnam shows Big Alcohol expects windfall profits this year, too.