Customs handles a daily trade volume of over US$2 billion

With a strong growth rate, Vietnam is now one of the 20 economies with the largest trade scale in the world. Photo: T.Bình.

At a workshop held on October 24, 2024, to introduce the requirements and business processes for developing a digital customs IT system, the Director of Customs IT and Statistics Department (General Department of Vietnam Customs), Le Duc Thanh, shared that the current IT system is handling a massive amount of data.

In recent years, the Customs IT system has been receiving and processing approximately 15 million transactions (primarily customs declarations) annually from over 80,000 enterprises. The total import-export turnover facilitated by customs averages over US$2 billion per day, with annual revenue collection reaching hundreds of billions of Vietnamese Dong.

Furthermore, the customs IT system supports the operation of the national single window portal, statistics on import-export goods for management and economic governance, and more.

Given this immense workload, without timely upgrades, the customs IT system may struggle to keep pace with the rapid growth in import-export turnover and other tasks.

As of the end of September 2024, the entire customs sector had processed over 12.1 million import-export declarations.

Of these, green channel declarations accounted for 65.95% (nearly 8 million declarations), exempt from document checking and physical goods inspections.

In the first nine months, six customs departments processed over 1 million declarations each: Ho Chi Minh City (2,508,718 declarations), Hai Phong (1,875,252 declarations), Hanoi (1,238,345), Bac Ninh (1,442,601 declarations), Binh Duong (1,423,739 declarations), and Dong Nai (1,058,629 declarations). Regarding import-export turnover, as of October 15, the total reached US$610.57 billion, a 16.4% increase compared to the same period in 2023.

This averages to over US$2.1 billion per day. In terms of revenue collection, the entire sector collected 306.312 billion Vietnamese Dong, equating to 81.7% of the annual target and representing a 13.5% increase year-on-year