Business

Beverage inventory highly increases: VBA

SGGP
Beverage inventory in 2017 has increased 62 percent over the same period last year and many businesses have reduced their output by over 10 percent, said Vietnam Beverage Association (VBA) yesterday.
 

Fruit juice production at a domestic business (Illustrative photo: SGGP)

Fruit juice production at a domestic business (Illustrative photo: SGGP)

The association was speaking at a workshop on the beverage market this year and forecasts next year, hosted by the VBA in HCMC.
Businesses in the industry have met with difficulties as special consumption tax (sct) has continuously increased from 55 percent in 2015 to 60 percent in 2017 and will be up to 65 percent in 2018. The special consumption tax rise would also reduce consumption of beer and wine products.


By HAI HA – Translated by Hai Mien

Other news