September 23, 2017 20:11

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8 months: Revenues from Customs reached over 190,000 billion VND

09:48 | 04/09/2017

VCN- According to statistics from Vietnam Customs, until the end of August 2017, revenue from Customs was estimated to reach 190,780 billion VND, reaching 66.1% of the estimate, an increase of 9.49% compared to the same period of 2016.

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8 months revenues from customs reached over 190000 billion vnd
Operational activity at Pho Bang Customs Branch, Ha Giang Customs Department. Photo: T.Tr

In August 2017, State revenue of Vietnam Customs was estimated to reach 24,000 billion VND. Especially, turnover of some major imported goods tends to decrease compared to the previous month including petroleum products were estimated to reach 1.1 million tons in August, a decrease of 7% and valued at 552 million VND, a decrease of 5.8%; Fabrics decreased by 0.3%; Machinery, equipment, tools, and instruments decreased by 4%.

However, turnover of some imported goods slightly increased compared to the previous month such as computers, electronic products, and components up by 0.7%; Telephones, mobile phones and parts thereof up by 8.5%; Iron and steel up by 18.6% in volume and 14.1% in value; Raw materials for textiles and garments, leather and foot-wears up by 0.7%; Other metals up by 1% in volume and 12% in value.

Turnover of some major exported goods also decreased compared to the previous month including Crude oil exports were estimated to reach 450,000 tons in August, a decrease of 22.5% and valued at US $ 170 million, down by 21.5%; Coffee exports were estimated at 95,000 tons in August, a decrease 5.8% and valued at US$ 227 million, down by 3.9%; means of transportation and accessories down by 6.8%; Fishery products down by 0.5%.

Analysis of import and export showed that in August 2017, the Vietnam’s total import and export value was estimated at US$ 36 billion, up by 2.6%. In which, the total export value was $US 18.2 billion, up by 3% and total import value was US $ 17.8 billion, up by 2.3%.

For estimate mentioned above, in the first 8 months of 2017, the Vietnam’s total import-export value was estimated to reach US$ 269.13 billion, up to 20.1% compared to the same period in 2016, in which the total export value was US$ 133.5 billion, up by 17.9% and the total import value was US$ 135.63 billion, up 22.3%.

8 months revenues from customs reached over 190000 billion vnd Revenues from import-export increase 15.8% in January 2017

VCN – According to the latest report of the Ministry of Finance, the total State revenues in ...

Vietnam's trade balance in August 2017 was estimated at a surplus of US$ 400 million, reducing Vietnam's trade deficit by the end of August 2017 to US$ 2.13 billion, equivalent to 1.6% of total export turnover.

A remarkable achievement in performance in August of Customs was the results of anti- smuggling and anti- trade fraud. From 16 June to 15 August 2017, Customs chaired, collaborated, detected and seized 1,255 violation cases with a value of 28,550 billion VND of estimates, contributed 12,177 billion VND to the State budget and prosecuted 2 cases and transferred 1 case to other agencies.

By Thu Trang/Ngoc Loan