Tobacco taxes proposed to increase in Vietnam

TN News

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A bill aimed at preventing the harmful effects of tobacco by increasing taxes on tobacco products will be submitted to the National Assembly's ongoing session, Tuoi Tre reported on October 26.

Under the proposed bill, the taxes would increase from the current 42 percent to 65 percent on retail prices, according to the Vietnam Steering Committee on Smoking and Health, which operates under the Ministry of Health.

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The draft law also proposes to increase the requirement for pictures warning against tobacco's damages to 50 percent of both the front and back of a packet, the newspaper reported.

Meanwhile, 2 percent of special consumption tax on tobaccos, or VND400 (US$0.01) per packet of cigarettes, will be submitted to the Fund for Preventing Tobacco's Damages, according to the bill.

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