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
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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

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