State budget collection from imports, exports down nearly 19% in nine months
The General Department of Customs on October 4 reported that its state budget collection stood at 268.69 trillion VND (10.99 billion USD) between January and September, decreasing by 18.6% compared to the same period last year.
At a clothing manufacturing workshop in Binh Chanh district of HCM City. (Photo: VNA)
Hanoi (VNA) - The General Department of Customs on October 4 reported that its state budget collection stood at 268.69 trillion VND (10.99 billion USD) between January and September, decreasing by 18.6% compared to the same period last year.
The department’s statistics for the period showed that the country’s total trade value was estimated at 497.66 billion USD, down 11% year-on-year. Of the sum, the estimated export and import revenues amounted to 259.67 billion USD and 237.99 billion USD, annual drops of 8.2% and 13.8%, respectively.
This year, the department’s state budget revenue target allocated by the National Assembly was 425 trillion VND.
Meanwhile, the customs authority noticed that smuggling and trade fraud became more complex in the third quarter. There were incorrect customs declarations, the concealing of the goods origin and routes for smuggling, illegal cross-border transport of prohibited items, narcotics, wildlife, and currency, and some imports failing to meet standards.
Various regions experienced a significant number of smuggling cases, including Lao Cai, Quang Ninh, Lang Son, Hai Phong, Ho Chi Minh City, Nghe An, Quang Tri, Quang Binh, and An Giang./.
State budget collection from export-import activities in the first two months stood at 56.33 trillion VND (2.37 billion USD), or 13.3% of the estimate, down 19.4% year-on-year, reported the General Department of Vietnam Customs (Vietnam Customs).
The total revenue to the State budget between January and July exceeded 1.01 quadrillion VND (42.53 billion USD), equaling 62.7% of the yearly estimate and dropping by 7.8% from the same period last year.
The total State budget collection in the first eight months of this year was estimated at over 1,124 trillion VND (46.83 billion USD), or 69.45% of the estimate, down 8.8% year-on-year, according to the Ministry of Finance (MoF).
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At a clothing manufacturing workshop in Binh Chanh district of HCM City. (Photo: VNA) 
