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Vietnam hikes beer, liquor tax by 5pc yearly, set to hit 90pc by 2031
Vietnam hikes beer, liquor tax by 5pc yearly, set to hit 90pc by 2031

Malay Mail

time15-06-2025

  • Business
  • Malay Mail

Vietnam hikes beer, liquor tax by 5pc yearly, set to hit 90pc by 2031

HANOI, June 15 — Vietnam's lawmakers approved raising the tax on beer and strong alcoholic beverages yesterday to 90 per cent by 2031 from the current 65 per cent, state media said. The tax rate on liquor with more than 20 per cent alcohol content and all beers will rise five percentage points yearly from 2027 before reaching 90 per cent in 2031 under the National Assembly's new legislation. Levies will also increase by five percentage points annually for other drinks with alcohol content below 20 per cent, which are currently subject to a 35 per cent tax, reaching 60 per cent by 2031. 'The gradual annual tax increase is not intended to change behaviour but rather to help consumers adapt more easily,' Hoang Van Cuong, a member of parliament, told the assembly in March. Lawmakers also approved a new levy of eight per cent on beverages containing more than five grams of sugar per 100 millilitres, taking effect in 2027 and increasing to 10 per cent in 2028. Beer sales in Vietnam took a hit following the introduction of a strict zero-alcohol rule for drivers in 2019. However, Dan Martin, an International Business Advisor at Dezan Shira & Associates, said Vietnam's drinking culture has roots 'that run far too deep to be uprooted by policy alone'. 'Rather than spelling doom for the beer market, these measures represent more of a speed bump than a roadblock,' he told AFP. Martin said that behavioural shifts were already underway, with more Vietnamese people consuming alcohol at home rather than at traditional venues such as bars. The trend 'isn't just consumers reacting to new rules', he said. Vietnam ranked seventh globally in beer consumption in 2022, according to a report by Kirin Holdings, a Japanese beer company. Nearly 41,000 Vietnamese people die each year due to alcohol consumption, according to the health ministry. — AFP

Vietnam approves 90% tax on beer, strong alcohol by 2031
Vietnam approves 90% tax on beer, strong alcohol by 2031

Free Malaysia Today

time14-06-2025

  • Business
  • Free Malaysia Today

Vietnam approves 90% tax on beer, strong alcohol by 2031

Nearly 41,000 Vietnamese people die each year due to alcohol consumption. (EPA Images pic) HANOI : Vietnam's lawmakers approved raising the tax on beer and strong alcoholic beverages today to 90% by 2031 from the current 65%, state media said. The tax rate on liquor with more than 20% alcohol content and all beers will rise five percentage points yearly from 2027 before reaching 90% in 2031 under the National Assembly's new legislation. Levies will also increase by five percentage points annually for other drinks with alcohol content below 20%, which are currently subject to a 35% tax, reaching 60% by 2031. 'The gradual annual tax increase is not intended to change behaviour but rather to help consumers adapt more easily,' Hoang Van Cuong, a member of parliament, told the assembly in March. Lawmakers also approved a new levy of 8% on beverages containing more than 5g of sugar per 100ml, taking effect in 2027 and increasing to 10% in 2028. Beer sales in Vietnam took a hit following the introduction of a strict zero-alcohol rule for drivers in 2019. However, Dan Martin, an international business advisor at Dezan Shira & Associates, said Vietnam's drinking culture has roots 'that run far too deep to be uprooted by policy alone'. 'Rather than spelling doom for the beer market, these measures represent more of a speed bump than a roadblock,' he told AFP. Martin said that behavioural shifts were already underway, with more Vietnamese people consuming alcohol at home rather than at traditional venues such as bars. The trend 'isn't just consumers reacting to new rules', he said. Vietnam ranked seventh globally in beer consumption in 2022, according to a report by Kirin Holdings, a Japanese beer company. Nearly 41,000 Vietnamese people die each year due to alcohol consumption, according to the health ministry.

Vietnam approves 90 percent tax rate on beer, strong alcohol by 2031
Vietnam approves 90 percent tax rate on beer, strong alcohol by 2031

Time of India

time14-06-2025

  • Business
  • Time of India

Vietnam approves 90 percent tax rate on beer, strong alcohol by 2031

File photo HANOI: Vietnam's lawmakers approved raising the tax on beer and strong alcoholic beverages on Saturday to 90 percent by 2031 from the current 65 percent, state media said. The tax rate on liquor with more than 20 percent alcohol content and all beers will rise five percentage points yearly from 2027 before reaching 90 percent in 2031 under the National Assembly's new legislation. Levies will also increase by five percentage points annually for other drinks with alcohol content below 20 percent, which are currently subject to a 35 percent tax, reaching 60 percent by 2031. "The gradual annual tax increase is not intended to change behaviour but rather to help consumers adapt more easily," Hoang Van Cuong, a member of parliament, told the assembly in March. Lawmakers also approved a new levy of eight percent on beverages containing more than five grams of sugar per 100 millilitres, taking effect in 2027 and increasing to 10 percent in 2028. Beer sales in Vietnam took a hit following the introduction of a strict zero-alcohol rule for drivers in 2019. However, Dan Martin, an International Business Advisor at Dezan Shira & Associates, said Vietnam's drinking culture has roots "that run far too deep to be uprooted by policy alone". "Rather than spelling doom for the beer market, these measures represent more of a speed bump than a roadblock," he told AFP. Martin said that behavioural shifts were already underway, with more Vietnamese people consuming alcohol at home rather than at traditional venues such as bars. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Exclusive Pre-Launch Offers – SPR Gurgaon Signature Global Book Now Undo The trend "isn't just consumers reacting to new rules", he said. Vietnam ranked seventh globally in beer consumption in 2022, according to a report by Kirin Holdings, a Japanese beer company. Nearly 41,000 Vietnamese people die each year due to alcohol consumption, according to the health ministry.

British-Japanese chef provides at-home cooking services
British-Japanese chef provides at-home cooking services

Japan Today

time11-06-2025

  • Business
  • Japan Today

British-Japanese chef provides at-home cooking services

By Kathryn Wortley With 41% of expats experiencing digestive health issues, such as weight change, in their new country of residence according to a 2024 survey by financial services company Allianz, nutritionist and personal chef Dan Martin is on a mission to support the health and well-being of the international community in Tokyo, Chiba and Kanagawa. Through his company Sankaku Nutrition, the British-Japanese entrepreneur provides in-home meal preparation services and consultations to busy professionals, drawing on his degree in nutrition from the University of Nottingham, and his time as a chef in England, Austria and Japan. Now Martin is embarking on a new aspect to his business: the creation of an online community united by an interest in nutrition. What inspired you to establish Sankaku Nutrition? I met my wife in Hakuba, Nagano Prefecture. I was working as a chef but I knew there was more to me and wanted to provide my family with something more. I decided Tokyo would be a good place to grow a business and that international residents would be a good target market. Lots of expats find it challenging to eat healthily in their new home, largely due to unfamiliarity with local ingredients and lack of knowledge about how to cook with them, or perhaps due to specific dietary needs. My purpose is to help them and I love what I do. Image: Dan Martin How does your service work? After an inquiry, I start with a discovery call, where the client explains their situation and I'll see if I can meet their needs. If they are happy with the prices, I'll suggest going to visit their home to see if they have the space and equipment I would need for cooking. If they become a customer, on each visit, I prepare about five meals, typically a main and two sides, totaling 20 portions. I do meal planning beforehand — and often grocery shopping — and then cook for about six hours in their home and clean up at the end. What sort of clients do you have? Most are vegetarian. I think it became that way because it's hard to be a vegetarian in Japan. As a child, when I visited my grandmother in rural Gifu Prefecture, that wasn't my experience but in the big cities, I see a lot of emphasis on meat now. Even dishes that would normally be vegetarian tend to have a bit of ground meat or bacon in them. Dashi or consume stock is also often used and it contains fish or chicken. What's the most enjoyable part of your work? Working so closely with people; I become almost a member of the family and I see people thrive. Creating those personal relationships makes the world seem positive. And, unlike in my previous roles as a chef, I get to make and create new recipes and menus every day. I've developed as a recipe creator more than I would have were I working in a restaurant. Image: Dan Martin And the most challenging? It's hard work. If my day includes grocery shopping for customers, I typically walk 7–8 km, and I carry up to 20 kg of supplies and equipment to and from the client's home. But it's not a bad challenge and it keeps me really fit. The most difficult thing is probably balancing everything: my day-to-day work, keeping the business healthy and spending time with my family. Thankfully, I often finish early so I can see my kids. Why is your next step to go online? I'm proud of what I do with my clients and I know it has an impact on them and their children. There is also a butterfly effect — if I help someone in healthcare to work better, they can help more people. But I want to have a bigger reach so I plan to go completely digital within five years. There's also a financial factor; if I can't be physically present at work, I can't make any money, which is a risk as I'm the sole provider to my family. I'd like to create something that doesn't require me to be present all the time. What will you offer? I'm starting a YouTube channel first. The idea is to share simple ways to make healthy meals and explain nutrition in a way that makes sense. When we get a good group or audience going I hope to bring people together into an online communication app or platform, perhaps on Discord. That way, we can figure out together what people really need, whether it's full courses, apps, special programs, or even just recipe books. I'm open to whatever works best to help people out the most. What are your thoughts as you embark on this project? I've already outlined the first few videos and I am working to get everything sorted; there's a lot that goes behind the scenes of making YouTube content that I didn't realize before. As an entrepreneur, you can have an idea of what you want to do but it's not necessarily the best thing. I've got to start moving forward and build on people's reactions. It'll be a big learning curve but social media encourages you to continue improving. Image: Dan Martin © Japan Today

Over 1000 bikers participate in Reason to Ride in Plainfield
Over 1000 bikers participate in Reason to Ride in Plainfield

Yahoo

time09-06-2025

  • Automotive
  • Yahoo

Over 1000 bikers participate in Reason to Ride in Plainfield

PLAINFIELD, Conn. (WTNH) — Over 1000 bikers gathered in Plainfield for the 27th annual Reason to Ride. Bikers came from all over the state to participate in the ride which raised money to support veterans. All the funds raised go towards helping veterans with housing costs, medical bills or any other financial hardships they might need help with. Strength in Numbers Fashion Show Fundraiser to benefit the Feeding Families Foundation 'They've done so much for our country its only fair we give back to them,' said Paige Haymond of Haymond Law Firm, a sponsor of the event. Organizers believe that community helps events like these happen. 'The motorcycle community is one of the most generous communities there is, whether its for veterans, cancer, they really get around their communities and help out any way they can,' said Reason To Ride Chairman Dan Martin. The organization is hoping to raise $45,000 this year. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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