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Customs collects over VND 254 trillion, up 6.82%

09:20 | 03/11/2018

VCN - According to data from the General Department of Customs, by the end of October 2018, the Customs revenue reached VND 254,160 billion, equal to 89.810% of the estimate, equal to 86.74% of the desired target (VND 293 trillion), up 6.82% over the same period in 2017.

customs collects over vnd 254 trillion up 682 Customs revenues reached VND 68,027 billion in the first quarter of 2018
customs collects over vnd 254 trillion up 682 Customs must collect 24 trillion VND in each remaining month
customs collects over vnd 254 trillion up 682 Customs paid 1,034.3 billion VND of Customs post-clearance audits to State budget
customs collects over vnd 254 trillion up 682
Customs officers at Da Nang port Customs Branch inspect imported and exported goods Photo: N.Linh

According to statistics from the General Department of Customs, the country’s total import-export turnover in 10 months of 2018 is estimated at US$ 394.11 billion, up 13% over the same period last year, of which the export value is estimated at US$ 200.27 billion, up by 14.2% and the import value is estimated at US$ 193.84 billion, up 11.8%.

Particularly, in October 2018, the country’s total imports and exports are estimated at US$ 41.5 billion, up by 2.1% over the previous month; in which, the exports are estimated at US$ 20.8 billion, down by 1.5% and the imports are estimated at US$ 20.7 billion, up 6.1%.

Vietnam's trade balance in October 2018 is estimated at a surplus of US$ 100 million. Thus, bringing Vietnam's surplus in the first 10 months of 2018 to US$ 6.42 billion.

In terms of exports, all kinds of mobile phones and components in October decreased compared to the previous month (estimated exports of this group in October 2018 is US$ 4 billion, a month-on-month decrease of 21.4%) However, the exports in the first 10 months of this year are estimated, at US$ 40.69 billion, an year-on-year increase of 10.6%.

Exports of textile and garment products in October 2018, are estimated at US$ 2.7 billion, unchanged from the previous month and bringing the export turnover in 10 months of 2018 to US$ 25.15 billion, up 17.1% over the same period last year.

In addition, exports of items such as computers, electronic products and components; machinery, equipment, tools, spare parts; seafood; wood and wood products; means of transport and parts thereof and coffee also increases significantly.

In terms of imports, computers, electronic products and components are estimated at US$ 3.8 billion in October 2018, up 7.4% from the previous month. By the end of October 2018, the country imported US$ 34.61 billion in computers, electronic products and components, up 13.2% year on year.

For the group of fabrics, the imports of this group in October 2018 are estimated at US$ 1.05 billion, up 4.7% over the previous month. It is estimated that by the end of October 2018, the imports of fabrics of all kinds reached US$ 10.46 billion, an increase of 12.9% against 10 months in 2017.

All kinds of iron and steel were imported in October 2018, 1.1 million tons, up 0.3% and valued at US$ 817 million, up 3.6% over the previous month. The imports of iron and steel in the first 10 months of 2018 are estimated at 11.38 million tons, down 10.5% and worth US$ 8.33 billion, a year-on-year increase of 10.6%.

Petroleum products imported in October 2015 are estimated at 700 thousand tons, unchanged from the previous month and valued at US$ 510 million, up 1.6%. In the first 10 months of 2018, the import volume is estimated at 10.03 million tons, valued at US$ 6.77 billion, down 5.1% in volume and 20% in value compared to the same period last year.

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Other common metals, estimated at 150,000 tons in October 2018, rising 19.5% and worth US$ 538 million, up 16 % from the previous month. The imports in the first ten months are estimated at 1.89 million tons, up 31.7 % and worth US$ 6.21 billion, an increase of 29.9 % over the same period last year.

By Ngoc Linh/ Huyen Trang