State budget revenue from foreign trade tops 38% of target
More than 162.8 trillion VND (6.9 billion USD) in export and import taxes was collected for the state budget as of June 11, equivalent to 38.3% of this year’s target and down 18.1% from the same period of 2022.
The textile-garment sector is a major contributor to Vietnam's export value. (Photo: VNA)
Hanoi (VNA) – More than 162.8 trillionVND (6.9 billion USD) in export and import taxes was collected for the state budgetas of June 11, equivalent to 38.3% of this year’s target and down 18.1% fromthe same period of 2022.
The statistics was released by the GeneralDepartment of Vietnam Customs on June 13.
For 2023, Vietnam Customs was assigned by theNational Assembly to collect 425 trillion VND for the state budget.
It said that as collecting revenue for the state budget is a focal task ofthe sector, it has taken concerted and strong measures to facilitate trade,improve management efficiency, and prevent tax losses.
In the time ahead, the general department willkeep working closely with relevant ministries and sectors to implement thenational single-window mechanism, along with the ASEAN single-window and tradefacilitation mechanisms to help achieve the set target./.
The tax sector collected an estimated 462.92 trillion VND (19.71 billion USD) for the State budget in the first quarter of 2023, equivalent to 31.1% of the yearly estimate, the General Department of Taxation reported on April 3.
Almost 53.9 trillion VND (2.29 billion USD) in state capital was saved in 2022 as reported by ministries, sectors, and localities, according to the Government.
The State budget's revenues from export-import activities hit over 152.94 trillion VND (6.5 billion USD) in the first five months of this year, making up 36% of the estimate, down 18% year on year, the General Department of Vietnam Customs (GDVC) reported on June 7.
State budget collection in the January-May period was estimated at over 769.6 trillion VND (32.75 billion USD), equivalent to 47.5% of the estimates for the whole year, the Ministry of Finance reported on June 8.
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The textile-garment sector is a major contributor to Vietnam's export value. (Photo: VNA) 
