A series of international brands have been pouring more money into Vietnam’s high-potential soft drink segment, toughening up competition against fledgling domestic producers.
Vietnam has been put on high alert over its consumption of sugary drinks, which has skyrocketed over the last 15 years, experts said at a recent conference.
Vietnam’s Finance Ministry has proposed a special consumption tax on some soft drinks that it claims contain an unhealthy amount of sugar, but its argument has been dismissed by other ministries.
Prime Minister Nguyen Xuan Phuc has decided to impose a ban on the sale of all types of soft drinks at schools across the country.
The Vietnam Beer Alcohol Beverage Association (VBA) has requested the Ministry of Finance (MoF) to withdraw its proposal to apply a special consumption tax (SCT) of 10% or 20% on soft drinks due to a lack of practical considerations and the state budget.
Growth in beverage sales in Ho Chi Minh City in the first half of the year slowed down to 2%, according to the Department of Industry and Trade.
VOV.VN - 7‑Eleven, Inc, the globe’s largest convenience retailer with some 56,400 stores worldwide, has announced its first store in Vietnam will open this June in Ho Chi Minh City.
Vietnam's Ministry of Health has decided to impose a fine of VND25 million (US$1,100) on PepsiCo’s Vietnamese branch for failing to carry out periodic checks on packets of its soft drinks.