January 17, 2019 00:06

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Hai Phong Customs processed procedures for goods with turnover of nearly US$ 62 billion

10:24 | 08/01/2019

VCN- The import and export turnover in 2018 processed by Hai Phong Customs Department significantly increased compared to 2017, especially taxable import turnover.

hai phong customs processed procedures for goods with turnover of nearly us 62 billion Hai Phong Customs Department’s revenue exceeds nearly VND 500 billion
hai phong customs processed procedures for goods with turnover of nearly us 62 billion Hai Phong signed coordination agreements with nearly 8,000 businesses
hai phong customs processed procedures for goods with turnover of nearly us 62 billion Hai Phong Customs‘ revenue has increased in the last months of the year
hai phong customs processed procedures for goods with turnover of nearly us 62 billion
Import and export goods at Hai Phong Port. Photo: T.B

According to Hai Phong Customs Department, the import and export turnover in Hai Phong city increased higher than in 2017, especially import and export turnover of taxable goods in the last months of 2018.

Specifically, the total import and export turnover reached US$ 61.696 billion, increasing by 16.4% compared to 2017, of which the import and export turnover of taxable goods increased 5.6%.

The significant increase in import and export turnover helped Hai Phong Customs Department’s revenue to reach over VND 50 trillion.

In 2018, the Hai Phong Customs Department’s revenue was VND 54,982 billion, reaching 109.8% compared to the target assigned by the Ministry of Finance (VND 50,050 billion), reaching 108% of the desired target assigned by the General Department of Vietnam Customs (VND 50,640 billion), a year-on-year increase of 3.7%.

The revenue is positive in the context that many commodities are affected by the tariff reductions under free trade agreements, especially when considering the import duty rate for over 90% of commodities under the ATIGA Agreement reduced to 0%.

hai phong customs processed procedures for goods with turnover of nearly us 62 billion Hai Phong Customs‘ revenue has increased in the last months of the year

VCN- Until the end of October 2018, Hai Phong Customs Department’s tax revenue was still lower than ...

According to Hai Phong Customs Department, besides the reason for the increase in turnover, the increase in revenue also stems from the facts that the Department has actively reformed administrative procedures and paid attention to the role of businesses in self-compliance of the law, implemented the agreement on development of Customs-Business Partnership right from the beginning of 2018, facilitating the business development and improving the business environment of Hai Phong city in particular and the country in general.

In 2019, Hai Phong Customs Department still continues to implement the policies by further listening and facilitating import and export businesses, and implementing the directions of the Government, the Ministry of Finance and the General Department of Vietnam Customs.

By Thai Binh/Ngoc Loan