Vietnam Wants to Raise Tobacco Taxes

Vietnam's finance ministry is proposing to increase cigarette excise duties to combat high smoking rates, with over 42% of adults smoking. The current excise tax is 75% of the factory price but only 38.8% of retail. Proposed solutions include maintaining the 75% tax while adding a fixed fee per pack that would rise yearly, ultimately reaching VND10,000 ($0.43) by 2030. This initiative aims to align Vietnam's tobacco taxes with those of neighboring countries like Singapore and Thailand, enhancing public health measures. For more details, consider exploring the linked article. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: Tobacco Reporter