Despite concerns about the potential "shock" to the industry, companies in the sector have shown resilience, maintaining financial stability and achieving notable business results.
A swift increase in special consumption tax over coming years is expected to exacerbate challenges for alcohol producers, potentially complicating their ability to devise viable business strategies.
Vietnam's Ministry of Finance is proposing a 100 per cent special consumption tax on beer and high-alcohol beverages by 2030 as part of efforts to curb excessive drinking and raise state revenues.
The UK’s Diageo wanted to enter Vietnam alcohol market through a well-know domestic company but a lot of things have not gone as its plan.
Vietnam Beverage, ThaiBev’s domestic unit has spent US$4.9 billion to turn Saigon Beer - Alcohol - Beverage JSC (Sabeco) into its subsidiary.
The Ministry of Industry and Trade (MoIT) has announced the offer price of Saigon Beer - Alcohol - Beverage Corporation (Sabeco)’s shares at VND320,000 (US$14.1) each for the auction on December 18, which was Sabeco’s closing price on November 28, 217.
