news Published on May 6, 2019

Customs sector collects 120 trillion VND for state budget


Hanoi – The customs sector’s state budget collection exceeded VND 120 trillion (USD 5.18 billion) by the end of April, up 25.44% from the same period last year.

The General Department of Vietnam Customs said the amount accounted for 37% of the estimate for the whole year.

The outcome was attributed to a surge in import-export turnover which hit USD 156.81 billion, a year-on-year increase of 8%. Of which, export earnings reached 78.76 billion USD, up 5.8 percent, while import value was estimated at USD 78.05 billion, up 10.4%.

State budget collection in most of the cities and provinces’ customs departments ranged between 30-40% of their yearly plan. The rate in Hai Phong city was 47.39%, HCM City 33.97% and Hanoi 31.78%.

Thanks to strong increase in imports of several projects, the customs departments in Binh Dinh, An Giang, Tay Ninh, Kien Giang and Khanh Hoa provinces recorded high tax collection in the four months, respectively accounting for 92.24%, 96.1%, 119.68%, 288.75% and 155.49% of the yearly target.