November 20, 2017 10:56

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Customs must collect 24 trillion VND in each remaining month

10:21 | 31/10/2017

VCN – According to statistics from General Department of Vietnam Customs (GDVC), the revenue of the ten months of 2017 was estimated at 237 trillion VND, accounting for 83.15% of the estimate and 80.33% of the target (295 trillion VND). With above collection speed, to reach the estimate of 285 trillion VND, the Customs must collect 24 trillion VND in each remaining month of the year.

customs must collect 24 trillion vnd in each remaining month Customs paid 1,034.3 billion VND of Customs post-clearance audits to State budget
customs must collect 24 trillion vnd in each remaining month Customs revenues reached more than 100.8% of target
customs must collect 24 trillion vnd in each remaining month December 2016: Customs collects 1,255 billion vnd per day
customs must collect 24 trillion vnd in each remaining month

Customs officers at Mong Cai international border gate inspected imported goods. Photo: T. Trang

To reach the target of 295 trillion VND assigned by the Party Committee of the Ministry of Finance, every remaining month, the whole Customs must collect 29 trillion VND on average.

From the beginning of the year to now, the Customs revenue averaged 22 to 24 trillion VND per month. The revenue in October 2017 was estimated at 23 trillion VND with increase in imported goods: Iron and steel increased 19.1% in volume and 19% in value, equivalent to US$ 802 million VND compared to the previous month; Plastic materials 2.1% in volume and 3.1% in value over the previous month; Petroleum 1.1 million tons, equal to 21% and US$ 608 million in value, equivalent to 20.9% compared to the previous month; Other common metals 7.7% in volume and US$ 496 million in value, equal to 11.5% over the previous month; Materials for textile, garment, leather and footwear by 2.3% over the previous month; Chemicals 5.7% over the previous month; Fabrics 7.5% over the previous month.

Besides, there was a decrease in some imported goods such as: computers, electronic products, and accessories down by 3.95 compared to the previous month: Machinery, equipment, tools and spare parts down by 1.5% compared to previous month; and Mobile phones and accessories down by 2.1% compared to previous month.

In October, the key exported goods also increased: mobile phones & accessories up by 3.1% over the previous month; Computers, electronic products and components up by 0.6% over the previous month; Footwear up slightly by 0.7% over the previous month; Wood and wooden products up 1.4% over the previous month; Aquatic products up by 1.7% over the previous month; Means of transportation and spare parts up by 8% over the previous month.

Some exported goods decreased such as: Textiles and garments decreased 3.3% over the previous month; Machinery, equipment, tools and spare parts decreased 2.6% over the previous month; Coffee decreased by 1%; Crude oil fell 4.7% in volume from the previous month and was worth US$ 190 million, down 10%.

In the first 10 months of 2017, the Vietnam’s total import and export value was expected to reach US$ 346.22 billion, up 21.3% over the same period of 2016. In which, the total export value was estimated at US$ 173.72 billion, up 20.7% and total import value was estimated at US$ 172.49 billion, up 22%.

customs must collect 24 trillion vnd in each remaining month Customs revenues tends to decrease

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Vietnam's trade balance in October 2017 was estimated at a surplus of US$ 900 million. Thus, raising the surplus of Vietnam until the end of October 2017 to US$ 1.23 billion.

By Thu Trang/ Huyen Trang