Beverage industry expects to delay the roadmap to amend the Law on Special Consumption Tax

Tạp chí Doanh NghiệpTạp chí Doanh Nghiệp15/03/2024


DNVN - Mr. Nguyen Duy Hung - Vice President of the Vietnam Beer - Alcohol - Beverage Association expressed his wish that the National Assembly, the Government and ministries consider postponing the roadmap for amending the Law on Special Consumption Tax, at least from 2025 onwards. Thereby, creating conditions to help businesses recover, stabilize and gradually develop again.

In recent years, the beer, wine and beverage industry has faced many difficulties due to COVID-19 and conflicts around the world. Policies regulating alcohol concentration, tightening management and controlling alcohol concentration have also caused a sharp decrease in consumption, especially in the restaurant and food stall channel.

The Vietnam Beer - Alcohol - Beverage Association (VBA) always supports the State's correct regulations and policies in preventing the use of alcohol when participating in traffic. However, the current absolute ban on alcohol concentration has been affecting the production and business of enterprises. Many restaurants and tourist areas are deserted, leading to a decrease in labor, revenue, profit, and budget.

The beer, wine and beverage industry is facing many difficulties.

Businesses in the industry have tried to find ways to overcome difficulties with many solutions to increase resilience, stabilize production, and create jobs for workers. However, businesses will find it difficult to find opportunities to recover and grow again without breakthrough support policies and solutions from the National Assembly and the Government.

Sharing at the conference “Meeting with VBA member enterprises in Hanoi”, on the afternoon of March 15, Mr. Nguyen Duy Hung - Vice President of VBA, expressed his wish that the authorities pay attention, consider, weigh and evaluate policies in a harmonious manner, suitable to actual conditions. The issued policies need to be accompanied by synchronous and practical solutions so that legal policies can be put into practice.

Mr. Hung expressed his hope that the National Assembly, the Government, and ministries would consider postponing the revision of the Law on Special Consumption Tax, at least from 2025 onwards. Only then can conditions be created to help businesses recover, stabilize, and gradually develop again.

“The beverage industry and businesses are always committed to actively contributing to socio-economic development; contributing to the budget, protecting the environment, stabilizing social security, and creating jobs for workers,” said Mr. Hung.

Experts recommend continuing to have policies to reduce taxes and fees to support beer, alcohol and beverage businesses.

At the conference, experts also acknowledged that in the context of the market still facing many challenges, decreasing orders, and difficulties for businesses, the solution now is to "relax businesses". The National Assembly and the Government need to continue policies to reduce taxes, fees, and payables.

At the same time, experts recommend that policies expected to be revised in the coming time also need to be carefully considered and evaluated in the current difficult context.

Ha Anh



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