Cao Bang Customs’ revenue surges

VCN - As of the end of July 31, the total revenue collected by Customs surged by 1,337% compared with the year ago, to VND2,082.6 billion, Cao Bang Customs Department have said.
Sharp increase of imported automobiles at Cao Bang Customs Sharp increase of imported automobiles at Cao Bang Customs
Cao Bang Customs Department builds “green zone” at border gate Cao Bang Customs Department builds “green zone” at border gate
Border gates in Cao Bang temporarily suspend import and export Border gates in Cao Bang temporarily suspend import and export
Cao Bang Customs’ revenue surges
Officers of Ta Lung Customs Branch (Cao Bang Customs Department) inspect imports. Photo: T.B

Revenue hits VND2,000 billion

Director of Cao Bang Customs Department Le Viet Phong, said this is the first time that the department’s revenue hit over VND2,000 billion. The achievement not only helps the department complete its revenue target for the whole year early but also contrbutes the revenue collection of Cao Bang Province.

In 2022, Cao Bang Customs Department is assigended the revenue target of VND240 billion by the Ministry of Finance, and VND260 billion by the GDVC. While the revneue target of the whole province is VND2,018 billion.

The director of the department has assigned the revenue target to each customs branch, and made plan to follow the GDVC’s Directive on the drastic implementation of measures to facilitate trade, improve the effectiveness of state management, and prevent revenue loss in the revenue collection 2022.

The automobile is one of items that surged in tax rate and import value. The representative of Ta Lung Customs Branch said in the seven first months of the year, the revenue from CBU cars hit VND1,953 billion, while the revenue from traditional products such as coke, electrode paste, machinery and equipment only earned hit VND50 billion.

Sustainability is not guaranteed

Despite the positive results, it is not easy for the department to maintain the revenue worth trillion VND in the coming years because the revenue from the automobile accounts for the largest amount, but this item is not a traditional and stable item.

In the previous years, on the Northern border, this item was mainly carried out customs clearance at Huu Nghi Border Gate (Lang Son province). However, from the end of 2021 and the first months of 2022, the Chinese side has strengthened disease control, so the import and export activities have been restricted. Therefore, enterprises have transferred orders to carry out procedures at Ta Lung Border Gate.

However, the revenue from this item is forecast to reduce in the last months of this year and in the future because the Covid-19 pandemic is basically under control and the enterprises will implement customs procedures at Huu Nghi Border Gate. The import turnover of truck in July at Cao Bang Customs Department decreased by 87% to US$1.4 million compared with the previous month, and dump trucks declined by 75% to US$15.7 million.

The import and export activities in the area have not yet seen prosperity in recent months. Specifically, the activities mainly take place at the border gates of Ta Lung, Tra Linh, Soc Giang, and Bac Kan Customs Branch. While the import and export at the remaining sub-border gates and border crossing openings such as Po Peo, Ly Van, Bi Ha, Na Lan has not been resumed.

In order to successfully complete the tasks of the whole year, in the last months of 2022, the Department focuses on performing well the key tasks and solutions, such as; promoting administrative procedure reform, streamlining customs procedures, facilitating trade; strengthening the fight against smuggling and illegal transportation of goods across the border.

As of July 15, 264 enterprises carried out import and export procedures.

The total trade in goods soared 74% to US$465.6 million.

The major exports were vegetables, cashew kernels, coffee, pepper. Imported goods mainly were fabrics, coal, wood and wood products, transport cars, dump trucks and tractors.

By Thai Binh/Ngoc Loan

Related News

Preliminary assessment of Vietnam international merchandise trade performance in the first 9 months of 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first 9 months of 2024

Highlights 1. According to trade statistics of Vietnam Customs, in September of 2024, a 8.0% downwards in total external merchandise turnover of Vietnam was recorded as compared to the result of August 2024. Exports went down 9.8 %, to USD 34.08 billion and imports decreased 5.9%, to USD 31.76 billion in terms of month-on-month basis. As a result, there was a USD 2.32 billion surplus in Vietnam’s trade balance in this month.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of September, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the second half of September, 2024

The Vietnam Customs Statistics announced that in the second half of September, 2024 the total Vietnam’s exports of US dollars 19.71 billion and imports of nearly US dollars 16.74 billion resulted in a trade surplus of US dollars 2.97 billion.
VND 479 Billion contributed to state budget from violations handling

VND 479 Billion contributed to state budget from violations handling

VCN - From December 15, 2023, to October 14, 2024, market surveillance forces nationwide conducted inspections of 61,079 cases, uncovering and handling 41,725 violations.
Top 500 Largest Enterprises in Vietnam in 2024: Affirming the ability to overcome "headwinds"

Top 500 Largest Enterprises in Vietnam in 2024: Affirming the ability to overcome "headwinds"

VCN - On November 8, 2024, Vietnam Report in collaboration with VietNamNet Newspaper announced the VNR500 Ranking - Top 500 Largest Enterprises in Vietnam in 2024. The indicators under the VNR500 Ranking show that the business performance has been positive although there are still "headwinds".

Latest News

Appointment of new Directors for the Customs Reform and Modernization Board and Anti-Smuggling and Investigation Department

Appointment of new Directors for the Customs Reform and Modernization Board and Anti-Smuggling and Investigation Department

VCN - On November 21, 2024, at the headquarters of the General Department of Vietnam Customs, Director General Nguyen Van Tho presided over the ceremony to announce the appointment of new leaders for the Customs Reform and Modernization Committee and the Anti-Smuggling Investigation Department.
Binh Duong Seaport Customs Branch supports and facilitates enterprises

Binh Duong Seaport Customs Branch supports and facilitates enterprises

VCN – Binh Duong Seaport Customs Branch (Binh Duong Customs Department) upgrades technology and modern equipment, creating conditions for businesses to clear goods quickly and effectively.
Promoting Vietnam-Laos Customs cooperation

Promoting Vietnam-Laos Customs cooperation

VCN - On November 19, 2024, in Hanoi, Vietnam Customs held the Vietnam - Laos Customs Directors General Conference.
Ho Chi Minh City: Imported gasoline, iron and steel greatly affect state budget revenue

Ho Chi Minh City: Imported gasoline, iron and steel greatly affect state budget revenue

VCN - Carrying out customs procedures for special imported goods, such as iron and steel, gasoline, Saigon Port Customs Sub-department, Region 3 is expected to generate large revenues, but the state budget revenue from these two items has decreased sharply.

More News

Quang Tri Customs: Revenue from imported coal plunges

Quang Tri Customs: Revenue from imported coal plunges

VCN - Coal and wood of all kinds are items that contribute greatly to the state budget revenue of Quang Tri Customs Department, but are fluctuating in a downward direction.
Closely control imported products traded via e-commerce

Closely control imported products traded via e-commerce

VCN – The General Department of Vietnam Customs has directed local customs departments to strengthen control and supervision for imported goods traded via e-commerce.
Mong Cai Customs sets new record in revenue collection

Mong Cai Customs sets new record in revenue collection

VCN - The Mong Cai Border Gate Customs Branch, under the Quang Ninh Customs Department, has set a new record for the highest state revenue collected to date.
Lao Cai Customs attracts over 100 new businesses for customs procedures

Lao Cai Customs attracts over 100 new businesses for customs procedures

VCN - Compared to the same period in 2023, the number of businesses handling procedures at Lao Cai border gate customs branch (under Lao Cai Customs Department) has grown by 109 companies.
Vietnam Customs attends WCO’s flagship conference

Vietnam Customs attends WCO’s flagship conference

VCN - The 2024 World Customs Organization (WCO) Technology Conference and Exhibition with the theme “Digital Frontiers: Customs Embracing Innovation with Traditional and New Partners” hosted by Brazil’s Secretariat of the Federal Revenue, took place from November 12-14, 2024 in Rio De Janeiro, Brazil.
Da Nang Customs joins efforts to establish free trade zone proposal

Da Nang Customs joins efforts to establish free trade zone proposal

VCN - The Da Nang Customs Department is actively collaborating with local authorities and agencies to develop a proposal for the Da Nang Free Trade Zone (FTZ), aiming to drive new economic growth for both the city and the wider region.
Quang Ninh Customs sees revenue boost of nearly VND 900 Billion from new enterprises

Quang Ninh Customs sees revenue boost of nearly VND 900 Billion from new enterprises

VCN - Efforts to attract and support businesses have significantly boosted state revenue for the Quang Ninh Customs Department, thanks to a proactive approach in facilitating customs procedures.
Roadmap set for pilot program of smart border gate initiative

Roadmap set for pilot program of smart border gate initiative

VCN - The General Department of Vietnam Customs has been appointed as the lead agency to implement the tasks outlined in the Prime Minister’s Decision No. 865/QD-TTg, dated August 17, 2024, which approves the pilot program to establish smart border gates at specialized goods transport routes around markers 1119-1120 and markers 1088/2-1089 within the Huu Nghi (Vietnam) – Youyi Guan (China) international border gates.
Hanoi Customs partners with businesses to boost import-export activities

Hanoi Customs partners with businesses to boost import-export activities

VCN - After a decade of fostering customs-business partnerships, Hanoi Customs Department has developed three collaborative models: Customs-Business Partnership, Customs-Import and Export Service Provider, and Customs-Business Association.
Read More

Your care

Latest Most read
Appointment of new Directors for the Customs Reform and Modernization Board and Anti-Smuggling and Investigation Department

Appointment of new Directors for the Customs Reform and Modernization Board and Anti-Smuggling and Investigation Department

Director General Nguyen Van Tho presided over the ceremony to announce the appointment of new leaders for the Customs Reform and Modernization Committee and the Anti-Smuggling Investigation Department.
Binh Duong Seaport Customs Branch supports and facilitates enterprises

Binh Duong Seaport Customs Branch supports and facilitates enterprises

VCN - According to Binh Duong Seaport Customs Branch, the branch has processed import and export procedures for over 600 enterprises, up 41% compared to the same period of the year, with import and export turnover of US$431 million, up 12.3% year-on-year.
Promoting Vietnam-Laos Customs cooperation

Promoting Vietnam-Laos Customs cooperation

VCN - In his opening speech at the conference, on behalf of Vietnam Customs, Director General Nguyen Van Tho warmly welcomed Director General Phoukhaokham Vannavongxay, and the high-ranking delegation of Laos Customs for visiting and working with Vietnam
Ho Chi Minh City: Imported gasoline, iron and steel greatly affect state budget revenue

Ho Chi Minh City: Imported gasoline, iron and steel greatly affect state budget revenue

VCN - According to the Saigon Port Customs Sub-department, Region 3, the State budget revenue from gasoline accounts for about 80% of the Sub-department's revenue.
Quang Nam Customs facilitates trade and increases revenue

Quang Nam Customs facilitates trade and increases revenue

VCN - Ky Ha Seaport Customs Branch has processed customs clearance for dozens of import and export shipments of goods across Chu Lai port, the branch has implemented many solutions to allocate human resources to support and facilitate businesses.
Mobile Version