Customs recover nearly 1,000 billion VND of debt in 7 months

VCN – With great effort in the work of collection and handling debt by provincial Customs Departments, it helped the Customs sector to recover and handle 934 billion VND in the first 7 months of 2018.
tin nhap 20180807083727
Professional activities at Bac Ninh Customs Branch. Photo: T.Trang

As known that the amount of debt collection in the first 7 months of 2018 was 5,177.85 billion VND. In that, the bad debt group was 3,834.36 billion VND; debt forgiveness group, exemption, reduction or extension was 116.49 billion VND; group of recoverable debt was 1,227.01 billion VND.

Thus, in comparison to 2017, the amount of debt in the first 7 months has been reduced by 135.9 billion VND (equivalent to a decrease of 2.56%) over last year.

Counting only the amount of debt recovery, in the first 7 months of 2018, the provincial Customs Departments have been very active in collecting and handling debt. The total amount of debt that has been recovered and handled in the first 7 months of 2018 was 934 billion VND (in that, the amount of debt collected before 1/1/2018 was 393 billion VND, the amount of debt collection in the first 7 months of 2018 was 541 billion VND).

In order to enhance the work of debt collection, in 2018, the General Department of Vietnam Customs requested local customs authorities to focus on reviewing and grasping the situation of tax debts at Customs Branches under the management of Customs Department and classifying the recoverable debt groups; bad debts; pending debt. Each debt group should have a detailed assessment of each debt in each declaration form and each enterprise that owes debt in accordance with the guidance in the Decision No. 1505/QD-TCHQ dated 18/5/2015, enclosed with detailed dossiers.

Besides that, the General Department of Vietnam Customs requested all the amount of debts of the above three groups must have detailed dossiers, appropriate with the data of debt tracking in the system and the amount of tax debt which is to be reported to the General Department of Vietnam Customs. In the case where the debt management dossiers are lost, incomplete or incompatible with the figures of debt management, the units should take initiative actions for searching, completing and supplementing dossiers and take full responsibility to the General Department of Vietnam Customs.

By Thu Trang/Thanh Thuy

Related News

Another six months for debt restructuring but need to manage bad debt risks

Another six months for debt restructuring but need to manage bad debt risks

VCN - The decision to continue extending the debt restructuring period, keeping the debt group unchanged for another six months, is expected to continue to contribute to solving difficulties for businesses, reduce debt repayment pressure, and add resources for production and business recovery.
Increasing bad debt, many banks cut risk provisions

Increasing bad debt, many banks cut risk provisions

VCN - The first quarter 2024 business results of banks have been revealed, the bad debt ratio continues to increase. This situation makes banks' reserve buffers to prevent risks need to be strengthened, but many banks reduce this buffer for profit purposes.
Concerns about bank credit quality as bad debt increases

Concerns about bank credit quality as bad debt increases

VCN - The credit quality of banks after 9 months of 2023 is not very positive, when many banks had a bad debt ratio on total outstanding debt of less than 1% at the beginning of the year, but now have recorded receive an increase beyond this level.
The risk of bad debt increases, the bank proposes regulations on debt collection rights

The risk of bad debt increases, the bank proposes regulations on debt collection rights

VCN - The risk of bad debt is warned to continue to increase, so banks recommend more legal corridors to effectively handle bad debts. At the same time, they promote the development of the debt trading market.

Latest News

EuroCham highly admires the reform work and working methods of the Customs authority

EuroCham highly admires the reform work and working methods of the Customs authority

VCN - That was the affirmation of Mr. Nguyen Hai Minh, Vice President of the European Chamber of Commerce in Vietnam (EuroCham) at the 2024 Customs - Business Forum with the theme: "10 years of developing the Customs - Business partnership" organized by Customs Magazine and the Customs Modernization Reform Board on September 10, 2024.
Ho Chi Minh City Customs accompanies businesses to continuously develop the country

Ho Chi Minh City Customs accompanies businesses to continuously develop the country's economic locomotive.

VCN - Sharing at the 2024 Customs - Business Forum with the theme: "10 years of developing Customs - Business partnership" organized by Customs Magazine and the Customs Modernization Reform Board on September 10, 2024, the 79th anniversary of the establishment of Vietnam Customs (September 10, 1945 - September 10, 2024), Mr. Do Thanh Quang, Deputy Director of Ho Chi Minh City Customs Department, said that Ho Chi Minh City Customs would work with businesses to foster cooperative partnerships to affirm its role as the economic locomotive of the whole country.
HCM Customs suggests businesses for implementing “5-together motto”

HCM Customs suggests businesses for implementing “5-together motto”

VCN – In order to develop Customs – Business partnership, the Customs suggests the business community for implementing “5-together motto”: “Thinking together - doing together - sharing together - developing together - building Digital Customs, Smart Customs, Green Customs together with the Customs”, said by Do Thanh Quang, Deputy Director of HCM City Customs Department on the sidelines of the 2024 Customs - Business Forum jointly organized by the Customs Magazine and the Customs Reform and Modernization Department on September 10, 2024.
Quang Ninh Customs accomplishes many key tasks in 2024 earlier

Quang Ninh Customs accomplishes many key tasks in 2024 earlier

VCN - By the end of August 2024, Quang Ninh Customs Department has accomplished and exceeded many targets compared to the schedule and plan as set.

More News

Japanense Chamber of Commerce and Industry recognizes benefits of developing Customs-Business partnership

Japanense Chamber of Commerce and Industry recognizes benefits of developing Customs-Business partnership

VCN - Sharing at the 2024 Customs-Business Annual Forum, with the theme: 10 years of developing Customs-Business partnership, Mr. Yoshihara Toru, Director of Customs, Japanense Chamber of Commerce and Industry (JCCI) said that developing Customs-Business partnership is not a case where one side wins and the other side suffers losses, but rather a mutually beneficial cooperation.
VCCI Deputy Secretary General Dau Anh Tuan: Customs-Business Partnership has dramatic changes

VCCI Deputy Secretary General Dau Anh Tuan: Customs-Business Partnership has dramatic changes

VCN - Deputy Secretary General, Director of Legal Department of Vietnam Federation of Commerce and Industry (VCCI) Dau Anh Tuan assessed that 10 years of Customs sector implementing Customs-Business Partnership has created dramatic changes.
VLA proposes close cooperation with Customs

VLA proposes close cooperation with Customs

VCN – At the 2024 Customs-Business Forum, Tran Tien Dung, Vice President of the Vietnam Logistics Service Enterprises Association (VLA) said that the cooperation between the Customs and the business community has created a strong foundation of trust, contributing to improving the Customs clearance time.
Customs sector is constantly innovating, reforming and modernizing

Customs sector is constantly innovating, reforming and modernizing

VCN - Sharing at the Annual Customs - Business Forum 2024 with the theme "10-years development of Customs - Business partnership", held on September 10, Mr. Dao Duy Tam, Deputy Director of the Customs Control and Supervision Department (General Department of Vietnam Customs) said that the Customs sector has implemented many solutions to modernize toward promoting digital transformation; reforming and simplifying administrative procedures, facilitating import and export activities of goods.
Quang Ninh Customs has many initiatives to develop partnerships

Quang Ninh Customs has many initiatives to develop partnerships

VCN - At the 2024 Customs-Business Forum, Deputy Director of Quang Ninh Customs Department Bui Ngoc Loi said that many initiatives have brought positive results in developing Customs-Business partnerships.
Deputy Director General of General Department of Customs Dinh Ngoc Thang: Building trust in Customs-Business relationship

Deputy Director General of General Department of Customs Dinh Ngoc Thang: Building trust in Customs-Business relationship

VCN - The relationship between enterprises and Customs authorities is built on trust, including objective and quality argument and comments from the business community so that Customs authorities can synthesize and build a legal basis which is appropriate with the actual situation.
Take business satisfaction as criteria to assess effectiveness of Customs performance: DG Nguyen Van Tho

Take business satisfaction as criteria to assess effectiveness of Customs performance: DG Nguyen Van Tho

VCN- The Customs industry focus on developing and perfecting legal documents on customs to streamline and facilitate administrative procedures and gradually improve the capacity of customs inspection, supervision and control.
Opening of the 2024 Customs-Business Forum: “10-year development of Customs-Business partnership”

Opening of the 2024 Customs-Business Forum: “10-year development of Customs-Business partnership”

VCN - On the occasion of the 79th anniversary of the establishment of Vietnam Customs (September 10, 1945 - September 10, 2024), on September 10, 2024, at the headquarters of the General Department of Customs, the Customs Magazine and the Customs Reform and Modernization Department jointly organized the 2024 Annual Customs-Business Forum, titled “10-year development of the Customs-Business partnership”. Director General of the General Department of Customs Nguyen Van Tho attended and delivered a speech directing the forum.
“King of luxury brands” Johnathan Hanh Nguyen proposes six contents to improve quality of Customs - Business partnership

“King of luxury brands” Johnathan Hanh Nguyen proposes six contents to improve quality of Customs - Business partnership

VCN - As a businessman with many connections to customs work, Chairman of Imex Pan Pacific Group (IPPG) highly appreciated the efforts of the Customs sector in reform and trade facilitation business community.
Read More

Your care

Latest Most read
EuroCham highly admires the reform work and working methods of the Customs authority

EuroCham highly admires the reform work and working methods of the Customs authority

That was the affirmation of Mr. Nguyen Hai Minh, Vice President of the European Chamber of Commerce in Vietnam (EuroCham) at the 2024 Customs - Business Forum
Ho Chi Minh City Customs accompanies businesses to continuously develop the country

Ho Chi Minh City Customs accompanies businesses to continuously develop the country's economic locomotive.

Ho Chi Minh City Customs would work with businesses to foster cooperative partnerships to affirm its role as the economic locomotive of the whole country.
HCM Customs suggests businesses for implementing “5-together motto”

HCM Customs suggests businesses for implementing “5-together motto”

VCN - Ho Chi Minh City Customs Department has provided many initiatives to develop the Customs - Business partnership. Notably, the Project on facilitating trade logistics at Cat Lai Terminal has attracted hundreds of enterprises.
Quang Ninh Customs accomplishes many key tasks in 2024 earlier

Quang Ninh Customs accomplishes many key tasks in 2024 earlier

By the end of August 2024, Quang Ninh Customs Department has accomplished and exceeded many targets compared to the schedule and plan as set.
Japanense Chamber of Commerce and Industry recognizes benefits of developing Customs-Business partnership

Japanense Chamber of Commerce and Industry recognizes benefits of developing Customs-Business partnership

Mr. Yoshihara Toru, Director of Customs, Japanense Chamber of Commerce and Industry (JCCI) said that developing Customs-Business partnership is not a case where one side wins and the other side suffers losses, but rather a mutually beneficial cooperation.
Mobile Version