FoodNavigator’s Post

Starting a brewery in Thailand can be lucrative, given the country’s growing beer market and the recently announced tax cuts on alcohol excise duties. This blog post will outline the process for how to start a brewery in Thailand, including the necessary licence and permit requirements, legal considerations, and compliance with regulations. https://lnkd.in/e-GSgdYw #ThailandTourism #EconomicGrowth #TaxReforms #CustomsDuty #TourismDevelopment #BusinessInThailand #GovernmentInitiatives #EconomicRevitalization #ThaiBusiness #ExciseTaxes #LuxuryImports #TourismStrategy #TaxIncentives #ThaiEconomy #BusinessNews #TourismBoost #DutyExemptions #ThailandInvestment #PolicyChanges #TradeReforms

Ever curious about the journey of Japanese sake from its origin to your table? 🍶 We've delved into the intricate cost structure behind this beloved beverage. 📊🚢 From the sake brewery in Japan to the end consumer in the US, the path is layered with taxes and fees, causing the US retail price to be 3 to 4 times the Japanese retail price. 📈💼 Discover the full cost breakdown and why your sake is priced the way it is. Dive into the details here: #JapaneseSake #Sake #Nihonshu #Sakurasaketen

Vietnam plans to raise booze consumption tax from 65% to 100% by 2030. HANOI: Vietnam's Finance Ministry has proposed to hike a special consumption tax on alcoholic drinks to 100% by 2030, the ministry said, a move that may further hurt the country's beverage industry. Under the draft proposal which is pending lawmakers' approval, the special consumption tax on beer and strong liquor will be raised to 70%-80% by 2026 and gradually increase it to 90%-100% in 2030, compared with the current 65%. "Alcoholic drinks and beer prices will increase by 20% in 2026, compared with 2025," the finance ministry said in the proposal, adding that prices would continue to increase by 2%-3%, depending on inflation. "Levying high tax rates is necessary to help reduce consumption of alcoholic drinks," it added. Vietnam's beer industry, dominated by four major brands -Dutch Heineken, Danish Carlsberg and local Sabeco and Habeco - has already been hit by the country's strict drink and driving law, under which the alcohol content limit for drivers is zero since 2019. Heineken Vietnam Brewery, the country's beer market leader with a 37.6% share, recorded a 24% decline in total consumption last year, according to a May report from FPT Securities. Sabeco, accounting for 34.4% of the market, also posted a 12.6% fall in consumption. On the contrary, Carlsberg's domestic consumption rose by 8%, it added. Last year, the beer industry's revenue decreased 11% and profits decreased by 23%, according to estimations of the Beer - Alcohol - Beverage Association. Shares in Sabeco fell by 3.66% on Friday morning after the ministry's proposal. A Sabeco spokesperson declined to comment but said it would contribute the company's opinion to the Beer - Alcohol - Beverage Association as a member of the Association. Carlsberg and Heneiken did not immediately respond to Rueters' requests for comment. The finance ministry also proposed a hike in special consumption tax on soft drinks and cigarettes. https://lnkd.in/gKUGY-bD PUBLISHED : 14 JUN 2024 AT 15:07 #Vietnam #Alcohol #publichealth #government Dwight Diotte Heavy Taxing for unhealthy products seems to be logical.

If you deal with Japanese markets, chances are you've heard about a new #liquortaxrevision. As many of you might already know, such talks are hardly new in Japan and are primarily targeting third category beer-like alcoholics. The Liquor Tax Reform comprises a package of phased revisions ranging between October 2020 and 2026, with the aim to unify the taxation on different #beer types and thus restore equity in the liquor tax burden. Put simply, the goal here would be to erase discrepancies in taxation on liquors and achieve uniform taxes of 54.25 yen for beer, happoshu (low malt beer-like beverages) and new genres (no malt beer-like beverages). This new revision phase will witness a wave of tax cuts and hikes to be matched by subsequent increases and decreases in commodity prices for consumers.  Noteworthy is the case of beer, whose taxation will drop by roughly ¥6.65 compared to February 2023, thus settling at ¥63.35 from this October. Against these cuts, canned beers will also experience a considerable price reduction, whereas both bottles and kegs destined for commercial use will suffer price increases. Now, all these changes are gradually giving shape to one very promising market sector here in Japan. As a matter of fact, the country is amongst the most competitive beer producers in the world with small/medium-sized breweries. It also ranks 7th as a global beer consumer. The beer industry is densely populated also by international brands, mostly American ones, and has enjoyed rapid growth over recent years. As such, we are dealing with an industry offering great potential to anyone considering a move into the Japanese market. These regulations are continuously evolving and have a direct impact on how successfully new products will make it onto the Japanese market. On that note, how will such developments influence the overall market? And what would be the optimal strategy to introduce your product in Japan under the new regulations? If you are interested in finding out the best strategy for approaching the Japanese market, don't hesitate to get in touch! 👉 [email protected] #yoshimotoglobal #japan #foodandbeverage #b2b #businessdevelopment #import #export #market #food #lifestyle #asia #internationalmarkets #marketentry #localization #Japanese #strategy #beer #tax #revision

🍾 In July 2024, the Vietnamese Ministry of Finance proposed a phased plan to increase excise taxes on alcoholic beverages, aiming for a 100% tax rate by 2030. This move is part of the government's strategy to boost national income and improve public health by discouraging excessive alcohol consumption. 📈 Current vs. Proposed Tax Rates: Alcohol (20% ABV and above): 65% ➡️ 100% Alcohol (20% ABV and below): 35% ➡️ 70% Beers: 65% ➡️ 100% 🔍 Market Trends and Impact: 🍻: Due to cultural preferences, beer consumption is expected to remain dominant but will see a shift towards higher-quality craft options. Major brands like SABECO - Saigon Beer Alcohol Beverage Corporation and HEINEKEN Vietnam are already noticing waning demand for their mass-market offerings due to changes in consumer behaviour. 🍷: The wine market, though still developing, shows inelastic demand. More affordable New World wines such as Chilean wines have introduced more Vietnamese consumers to the beverage. Nevertheless, based on trade import data, consumers are still willing to pay more for premium wines from Italy and France, indicating a maturing market. 🥃: The spirits sector in Vietnam is a significant component of the country's beverage industry with bars offering innovative cocktails becoming more popular, particularly with the younger, urban population in urban centres such as Hanoi and Ho Chi Minh City. Domestic spirits like 'rượu đế' (a type of rice liquor) are also gaining popularity, driven by consumer nationalism and a growing interest in high-quality, locally-produced options. As these tax changes unfold, we anticipate shifts in consumption patterns, with potential growth in premium and craft segments and a continued focus on quality over quantity. #BMI #Fitch #Fitchsolutions #Vietnam #AlcoholIndustry #ExciseTax

For many years, #China was #Australia's biggest customer for #wine. Then #Beijing bolted the doors, with punitive #tariffs. Those doors have now reopened, but they will not readmit Australia's producers to the booming market they remember. #bizwine #wines #wineindustry #winebusiness #winetrade #commercial #australianwine #winecountry #winemarket #winecountry #winenews Meininger's International

Australian Wines in China - Australia’s wine industry was hit hard by the imposition of tariffs by the Chinese government in 2020-21 and now there are signs pointing towards those tariffs finally being lifted The lift does not mean that Australian wine will immediately return to the $1.2bn worth of sales in China, particularly as Australia’s absence over the last three years has seen the likes of Chile and South Africa fill the void #wine #wines #aussiewines #australianwines #winebusiness #china #asia #apac #taxes #wineindustry

Thailand's alcohol tax reform shakes up the scene: cheaper wines and spirits on the horizon, yet not without its hurdles. Will this be the dawn of luxury for all, or a regulatory quandary? A pivotal moment for the drinks industry awaits. #AlcoholTaxReform #ThailandMarket #WineAndSpirits #LuxuryForAll #RegulatoryHurdles #IndustryShift #EconomicImpact #DrinksIndustry #TaxChanges #FutureOfAlcohol

What’s Driving the Surge in Australian Wine Exports to China? Explore the Impact of Tariff Removal. #AustralianWine #ChinaMarket #WineExports #TariffRemoval #MarketGrowth #WineIndustry #GlobalTrade #IndustryTrends #WineLovers #ExportBoom

Commissioner Kim Chang-gi of the National Tax Service (NTS) announced a significant initiative to promote traditional Korean liquor exports by leveraging the distribution networks of major breweries such as Hite Jinro, OB Beer, Kooksoondang, and Lotte Chilsung Beverage. This collaboration has enabled nine companies to successfully export their products. Despite producing excellent products, small-scale traditional liquor producers have faced export challenges due to limited infrastructure. The NTS and major breweries have collaborated to support these producers. Currently, 19 traditional liquor products are being exported to the United States, China, Australia, and other countries through the major breweries' distribution networks. To ensure this export support effort is sustainable, the NTS has established a continuous export support system. An MOU was signed between the NTS and major breweries to continue promoting and collaborating on marketing traditional Korean liquors. The newly created brand "K-SUUL," selected through a public contest, will be used on export liquor labels to enhance recognition of Korean liquors abroad. Additionally, the NTS has compiled and published "Korean Liquor Export A to Z," which consolidates market information and alcohol regulations from 22 countries. This resource is available on the NTS and Liquor License Center websites under the "K-SUUL" section, making it easily accessible for exporters. On November 20, the NTS hosted a "Liquor Export Practical Training" for aspiring exporters and will further support export and manufacturing capabilities through enhanced "Liquor Manufacturing Academy Education." A "K-SUUL Hotline" between the NTS's Excise Tax Division and traditional liquor companies has also been established to provide ongoing support. Moreover, on the same day, the first "K-SUUL Policy Seminar" was held, gathering industry stakeholders, manufacturers, policy makers, and marketing experts to discuss export support achievements and future directions. A tasting event for export traditional liquors also took place to raise interest in Korean liquors. In his speech, Commissioner Kim emphasized the need to prioritize public health while strengthening the competitiveness of Korean liquors, promising continued support efforts. The NTS will continue to improve outdated regulations and push for systemic reforms to enhance the competitiveness of Korean liquors in the domestic market. Discussions with the Ministry of Economy and Finance are underway to expedite the implementation of the "Domestic Liquor Sales Ratio" system to prevent domestic market discrimination. Source: Korea Customs News