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Smuggled cigarettes cause huge tax losses

Jan 30, 2013, 10:40 PM (GMT+7)
Vietnam last year incurred tax losses amounting to VND4.32 trillion from the smuggling in of some 930 million packs of cigarettes. According to Pham Kien Nghiep, general secretary of the Vietnam Tobacco Association, the lost tax revenue was just VND3.2 trillion in 2008, which means the smuggling of cigarettes into Vietnam has been on the rise. Nghiep said that in addition to the loss of VND4.32 trillion,... 
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