Consumption tax to be studied carefully

Tasty drinks: A man protects himself from the sun as he transports goods on his motorbike in Hanoi. The Finance Ministry’s proposed tax on sugary drinks is causing quite a stir across the nation. — AFP

HANOI: The impact of the imposition or increases in the special consumption tax on several products must be studied carefully to ensure sustained state revenue and the development of production and business, experts say.

Dau Anh Tuan, deputy general-secretary of the Vietnam Chamber of Commerce and Industry (VCCI) said that the Finance Ministry has requested the government amend the law on special consumption tax.