3 items have a big impact on the budget revenue of Ho Chi Minh City Customs
The decrease in imported cars has affected the state budget revenue of Ho Chi Minh City Customs Department. Photo: T.H |
Key imported goods
Up to now, the state budget revenue of Ho Chi Minh City Customs Department in the third quarter of 2024 has shown signs of a slight increase compared to the same period last year. Thus, after a long period of sharp decline, the rate of decline in state budget revenue of Ho Chi Minh City Customs Department has improved month by month.
Regarding the structure of state budget revenue, according to the analysis of Ho Chi Minh City Customs Department, 3 items alone: automobiles, gasoline, iron and steel account for a large proportion of nearly 35% of the total state budget revenue of the Department. Therefore, the fluctuation of these revenue sources will greatly affect the state budget revenue of the unit.
As of September 30, 2024, the turnover and revenue of these items compared to the same period last year have changed significantly.
Specifically, the number of imported complete automobiles of all kinds through Ho Chi Minh City port in the first 9 months was 56,536 units, with a taxable turnover of 1.02 billion USD, up 20.5% in volume, down 5.7% in value compared to the same period in 2023; leading to the tax payable reaching only 15,633.4 billion VND, down 23.10% (absolute decrease of 4,695.7 billion VND) compared to the same period in 2023.
Imported gasoline and oil of all kinds reached 3.78 million tons, with a taxable turnover of 2.99 billion USD, down 2.2% in volume, down 6.6% in value compared to the same period in 2023; leading to tax collection reaching 12,454.5 billion USD, down 7.45% (absolute decrease of 1,002.5 billion VND) compared to the same period in 2023.
In particular, imported iron and steel products of all kinds increased, reaching 2.5 million tons, taxable turnover reached 1.54 billion USD, up 23.1% in volume, up 14.3% in value compared to the same period in 2023; leading to tax collection reaching 3,867.9 billion USD, up 19.48% (absolute increase of 630.5 billion VND).
Focus on removing obstacles
With the analysis data, Ho Chi Minh City Customs Department estimates that the state budget revenue in October 2024 will reach 10,300 billion VND. The cumulative state budget revenue of the unit from the beginning of the year to October 31, 2024 is estimated at VND 102,786.7 billion, equal to 78.58% of the Ordinance target (VND 130,800 billion), an increase of 1.02% over the same period in 2023 (equivalent to an absolute increase of VND 1,036.3 billion).
The state budget collection work of Ho Chi Minh City Customs Department from now until the end of the year is very active to complete the collection target of VND 130,800 billion.
With many synchronously implemented solutions, at the recent meeting of the third quarter of 2024, Director of Ho Chi Minh City Customs Department Nguyen Hoang Tuan directed the heads of units to pay attention to drastically removing obstacles for people and businesses.
Accordingly, for problems and recommendations from people and businesses, the units in charge are required to proactively handle them, coordinate with relevant units to promptly resolve and handle them.
In cases where the response from superior agencies or other competent authorities is pending, information must be provided promptly, accurately and fully so that people and businesses can know and avoid prolonged frustration.
For problems and recommendations from customs branches, the departments and staff units are required to focus on researching to resolve and handle them according to their authority.
In cases where the content is beyond their authority, it is requested to explain the specific content of the problem; propose appropriate handling options to advise and report to competent authorities; regularly exchange and work to update progress, handling, and resolution and clearly state it so that customs branches are aware.
Related News
Urging collection of land-related revenues in the last month of the year
13:42 | 04/12/2024 Finance
Ho Chi Minh City Customs: Timely detection of many cases of false declaration in import documents
13:42 | 03/12/2024 Anti-Smuggling
Latest News
Ba Ria-Vung Tau Customs revenue surpasses target by over VND 1 Trillion
13:43 | 03/12/2024 Customs
Ho Chi Minh City Customs answered over 30 customs procedure questions for businesses
15:50 | 02/12/2024 Customs
Hai Phong Customs achieves revenue target soon
09:16 | 01/12/2024 Customs
Import and export turnover across Quang Tri Customs increases by 31.39%
11:07 | 30/11/2024 Customs
More News
Customs sector launches campaign against counterfeit goods and online fraud
11:03 | 29/11/2024 Customs
Temu not yet complete registration procedures for operation in Vietnam to implement customs process
11:03 | 29/11/2024 Customs
Significant changes ahead in the management of processing, export production, and export processing enterprises
13:47 | 28/11/2024 Customs
GDVC appoints Nguyen Hong Linh as Director of Nghe An Customs Department
13:46 | 28/11/2024 Customs
Goods trading, being seen from Lang Son border gate
13:45 | 28/11/2024 Customs
Quang Binh Customs’ revenue increases thank to attracting businesses
08:52 | 26/11/2024 Customs
Binh Duong General Port Customs: Driving efficiency and trade facilitation
09:23 | 25/11/2024 Customs
Initiative to disseminate legal policies using QR codes
09:01 | 24/11/2024 Customs
Southern Customs contributed many practical contents on customs supervision and control procedures
10:50 | 23/11/2024 Customs
Your care
Ba Ria-Vung Tau Customs revenue surpasses target by over VND 1 Trillion
13:43 | 03/12/2024 Customs
Ho Chi Minh City Customs answered over 30 customs procedure questions for businesses
15:50 | 02/12/2024 Customs
Hai Phong Customs achieves revenue target soon
09:16 | 01/12/2024 Customs
Import and export turnover across Quang Tri Customs increases by 31.39%
11:07 | 30/11/2024 Customs
Customs sector launches campaign against counterfeit goods and online fraud
11:03 | 29/11/2024 Customs