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Cigarettes are subject to a new tax of 10,000 VND/pack, alcohol, beer and soft drinks from 2026 will apply a 5-year tax increase roadmap
The Law on Special Consumption Tax (amended) at the 9th Session, officially taking effect from January 1, 2026, applies a 5-year tax increase roadmap (2027-2031) for cigarettes, alcohol, cars and soft drinks.
Market
Gold price today May 7, 2025: Domestic and world gold prices increased sharply because Mr. Trump imposed new taxes
Gold price today May 7, 2025: Domestic gold price and world gold price increased sharply to the highest level in the past 2 weeks because Mr. Trump announced to impose new taxes.
Gold price on the afternoon of April 9, 2025: Domestic and world gold prices increased to a record high as the US began to impose new taxes.
Gold price this afternoon April 9, 2025: Domestic and world gold prices jumped to a record high as the US began applying reciprocal tariffs to other countries early this morning. Gold bar and ring prices jumped 2 million VND, approaching 102 million VND.
China vows to retaliate against new US taxes
Chinese experts say that imposing new tariffs emphasizes America's hegemonic mindset.
Nghe An businesses face new US tax orders
On April 2, 2025, US President Donald Trump signed a decree imposing a 46% reciprocal tax on Vietnamese goods. Currently, businesses exporting to the US market are requesting the Government and the Ministry of Industry and Trade to soon negotiate with the US side to postpone the decision to impose the tax to spend time discussing and finding a reasonable solution for both sides.
Many countries are 'boiling' because the US imposes new taxes, except Russia
The new import tariffs on the US introduced by President Donald Trump include 180 countries. However, Russia, Canada and Mexico are not among them. Many countries are "boiling" in reaction, of course Russia is not interested in this issue but is focusing on other issues, including the conflict with Ukraine.
Trump's new global tariffs could backfire on the US economy
Experts say that President Trump's imposition of new global taxes will disrupt the world economy and be counterproductive to the US economy.
President Trump announces plans to launch new tariffs
February 19, 2025 16:30
Speaking to reporters at Mar-a-Lago on February 18, President Donald Trump said he would announce tariffs on imported cars, semiconductors and pharmaceuticals as early as April 2. President Trump said the tariffs on imported cars would be "about 25%."
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