Beer prices in Vietnam are still cheap?

Published 2024년 10월 16일

Tridge summary

The article provides an overview of beer taxes in various countries, highlighting Egypt as having the world's highest beer tax rate of up to 71.55%. Despite this, beer prices in Egypt remain relatively low. Other countries with significantly high beer taxes include Norway (60%), Sweden (58.51%), Myanmar (57.24%), and Türkiye (51.39%). In contrast, the Philippines has a lower beer tax rate of up to 40.64%, resulting in cheaper beer prices. Singapore and Australia are among the world's most expensive countries for beer due to high taxes. In Vietnam, beer tax currently contributes to about 30% of the retail price, but the government is considering increasing the special consumption tax on beer from 65% to 100%.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Taxes are a factor that greatly affects Vietnamese beer prices. According to Insider Monkey, many countries currently impose very high taxes on beer to prevent alcohol abuse and protect consumers' health. Currently, the country with the highest beer tax in the world is Egypt with a tax rate of up to 71.55%. However, despite the high tax rate, Egyptian beer prices only fluctuate between 35-70 EGP per can of beer, equivalent to 18,000 - 35,000 VND. Norway is the second country in the world with a beer tax rate of up to 60%. Beer prices in Norway average 100,000 VND/can. Ranked third in the world, the beer tax rate in Sweden is 58.51%, followed by Myanmar with a tax rate of 57.24%. Ranked fifth in the world with the highest beer tax is Türkiye with 51.39%. A country in Southeast Asia, the Philippines, has a beer tax rate of up to 40.64%. The average price of beer in this country is about VND28,000/can. According to market research firm Statista (Germany), in 2023, the average retail ...

Source: 24h newspaper