The Vietnam Chamber of Commerce and Industry (VCCI) recommends delaying the special consumption tax (SCT) increase until 2028 and implementing a gradual 5% increase every two years, citing concerns about the negative impact of steep tax hikes on businesses, supply chains, and overall economic stability, while also suggesting stricter measures against smuggling and counterfeit products. VCCI advocates for a balanced approach, combining tax increases with public awareness campaigns and tailored taxation based on scientific evidence, to effectively address public health objectives without undermining the formal economy or encouraging illicit trade.
Source: english.thesaigontimes.vn
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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