Crude oil accounts for 77.9% of revenue source of Thanh Hoa Customs

Customs officers of Nghi Son port Customs Branch perform professional tasks. Photo: P.Nhân

In the revenue structure of Thanh Hoa Customs Department, the majority was imported crude oil of Nghi Son Refining and Petrochemical Co., Ltd.

By the end of September 2021, Nghi Son Refining and Petrochemical Company Limited imported 24 shipments of crude oil; equivalent to 47.39 million barrels. The paid tax amount is more than VND7,278 billion, accounting for 77.9% of the total revenue of Thanh Hoa Customs Department.

Besides the revenue from imported crude oil, the revenue from other sources totalled VND2,067 billion. In particular, it mainly comes from importing raw materials for production, machinery and equipment of Nghi Son Iron and Steel Corporation (VND1,039 billion); Viet Nhat Advanced Steel Joint Stock Company (VND106 billion); Nghi Son Refining and Petrochemical Company Limited (VND122 billion); Nghi Son 2 Power Limited Liability Company (VND122 billion); North Continental Oils & Fats Vietnam Company Limited (VND104.8 billion); and Lam Son Sugar Joint Stock Corporation (VND 83.8 billion).

With the current collection rate, Thanh Hoa Customs Department is expected to reach nearly VND10,225 billion by the end of October 2021, achieving the target assigned by the Ministry of Finance.