Budget collection from exports-imports up over 13% in eight months
State budget collection from export-import activities reached VND274.03 trillion (US$11.1 billion) in the first eight months of 2024, equivalent to 73.1% of the assigned estimate and up 13.1% year-on-year, the General Department of Vietnam Customs (GDVC) announced on September 10.
Vietnam’s total export-import turnover reached US$511.11 billion during the period, up 16.7% compared to the same period last year.
In the January – August period, Vietnam had a trade surplus of US$19.08 billion, 4.1% lower than the same period last year.
In addition, in the first eight months, the customs sector detected and handled 11,555 cases of violations of customs laws, with an estimated value of violated goods of over VND21.62 trillion. The customs agencies launched criminal proceedings against 16 cases, transferred 113 cases to other agencies for prosecution, and collected VND474.8 billion for the state budget.
For 2024, the National Assembly assigned the GDVC to collect VND375 trillion for the state coffer, with VND204 trillion coming from export-import activities.
The GDVC said that it will continue to boost customs policies and procedure reforms, ensure state management of customs, prevent and combat trade frauds; improve effectiveness and efficiency in protecting national sovereignty and economic security.
The GDVC will ensure a full legal basis for the development and implementation of digital customs and smart customs models which are expected to facilitate import-export enterprises, trade activities, and contribute to the country's economic growth.
