VCN - At 10 p.m on 31st December 2017, at the State Treasury’s headquarters, in the presence of Deputy Minister of Finance Do Hoang Anh Tuan and representatives of units under the Ministry of Finance, representatives of the State Treasury informed that the Customs’ revenue picked up VND 297,073 billion, exceeding 9.6% of the ordinance target set in 2017, and nearly 1% of the desired target of VND 295,000 billion. On the occasion of New Year 2018, the General Director of Customs Nguyen Van Can has sent a letter to compliment the units about this achievement.
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This was only the amount closed by the State Treasury at 10 p.m on December 31st after synthesizing the documents sent from the commercial banks which coordinated with the General Department of Customs in collection. This amount will also be updated by the State Treasury.
Being present at the time of closing the state budget revenue, we might have been able to appreciate the exciting atmosphere of the moment, it was not just the moment of the New Year's Eve but also the decisive time of numbers and political task of a sector, especially for people in charge of estimation, synthesis, analysis and assessment of the Customs revenue, this moment was becoming increasingly important.
In 2017, the National Assembly and Ministry of Finance assigned an estimated target of VND 285, 000 billion to the General Department of Customs, rising 4.7% (285,000 / 272,249) compared to the state budget revenue in 2016. However, at the time of more than 3 remaining months to complete the target in 2017, the Party Committee of the Ministry of Finance assigned an additional desired target to the Customs, raising the total desired target in 2017 to VND 295,000 billion.
It could be seen that the Customs started 2017 with many challenges in the implementation of task of the state budget collection. In which, the signing of Free Trade Agreements (FTAs) and the implementation of 10 bilateral and multilateral trade facilitation agreements such as the ASEAN Trade in Goods Agreement (ATIGA), Vietnam - Korea Free Trade Agreement (VKFTA), ASEAN - Korea Free Trade Area (AKFTA), and ASEAN – China Free Trade Area (ACFTA) significantly impacted upon the state budget collection by the Customs due to deep cuts in import and export duty rates of some commodities with high turnover and high tax rates.
Striving to achieve the highest revenue, the leaders of the General Department of Customs still determined and directed its units to carry out drastic collection measures set out from the beginning of the year, that was speeding up the management of the collection and exploitation of revenue sources and the prevention of revenue loss through price ruling, evaluation and determination of tax codes and post-clearance inspection; and strengthening the mechanism of inter-sectorial coordination to prevent, check and detect acts of trade fraud through the origin of goods; and determining the key items with signs of abnormal turnover and high tax rates. In the last months of the year, the above measures needed to be implemented more drastically. Especially the General Department of Customs sent delegations to some key Customs units to review and urge the state budget collection.
Besides, the Customs continued to provide maximum advantage for import and export enterprises, shorten the clearance time by promoting the reform of Customs procedures in the simple, clear, transparent, convenient and consistent manner and in line with international Customs standards. Thereby reducing costs and time for people and enterprises in the implementation of Customs procedures.
Measures and efforts of the entire Customs sector responded with the state budget revenue, and by the end of 21st December 2017, they collected VND 285,020 billion, reaching 100.01% of the estimate (VND 285,000 billion) and 96.6% of the desired target of VND 295,000 billion. However, not stopping at this number, on the last days of 2017, including Saturdays and Sundays, Customs clearance places were still working 24/7, the entire Customs sector made its best efforts to gain the highest revenue.
On the last Sunday of 2017, it seemed that the revenue from import and export duties would not raise anymore. However, the Customs revenue has gradually increased up from VND 269,953 billion in the morning, to VND 297,060 in the afternoon. And at the end of the day, close to 12p.m on 31st December 2017, General Director of the State Treasury Nguyen Hong Ha announced, temporarily closing the Customs revenue in 2017 with VND 297, 073 billion, exceeding 9.65% of the ordinance target in 2017 and exceeding nearly 1% of the desired target of VND 295,000 billion.
Recognizing this excellent achievement, entering New Year 2018, on behalf of leaders of the General Department of Customs, General Director Nguyen Van Can has sent a letter to complement his units about their achievement. In which, the Director General praised all the staff, officers and employees in the whole sector for their determination in collecting the revenues and overcoming all difficulties to fulfil the assigned State budget target in 2017, contributing to the implementation of the political task for the whole sector.
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It was known that, with all efforts and determination to fulfil the state budget revenue target assigned in the context of the many impacts from the economic situation, and import policies, the Customs sector obtained the highest state budget revenue.
By Thu Trang/ Huyen Trang