Commodity groups help increase budget revenue by hundreds of billion VND in November

	Budget revenue reduces; urgent need is to save spending: Minister of Finance Dinh Tien Dung:
	The risk of State budget deficit 12.5% compared to estimate
	Revenue in first nine months decreases but fiscal space for whole year still large

Auto components and spare parts are one of the groups with high tax payment in November. Photo: Internet.

According to the General Department of Customs on December 3, the budget revenue of the whole sector in November reached VND30,002 billion, a month-on-month increase of 31.97% and a year-on-year increase of 17.27%.

The high increase in tax revenue was due to the good growth in turnover of major groups. Of which, total taxable export value in November was at US$10.44 billion, up 7.6% month-on-month (US$9.7 billion).

Total taxable import value reached US$10.01 billion, up 8% month-on-month. A number of main import items saw an increase in import turnover compared to the previous month such as: auto spare parts gained US$389.3 million, up 9.3%, with the tax receivable of VND2,117 billion, up VND211,6 billion.

Machinery, equipment, tools and spare parts gained US$1.66 billion, up 10.1%, with the tax receivable of VND4,350 billion, up VND412 billion.

Phones and accessories of all kinds gained at US$257.98 million, up 90.2%, with the tax receivable of VND711 billion, up VND340 billion.

Computers, electronic products and components gained US$1.26 billion, up 10.1%, with the tax receivable of VND3,093 billion, up VND1,010 billion.

Iron and steel of all kinds gained US$537.9 million, up 23.1% with the tax receivable ofVND1,271 billion, up VND145 billion.

Five export commodity groups worth“10 billion USD"

According to preliminary data, the total budget revenue of the customs sector at the end of November reached VND281,389 billion, equal to 83.3% of the estimate, 79.3% of the desired target, down 11.81% year-on-year(VND319,061 billion).