Customs sector collects VND 123,484 billion for State revenue
Sketched by T.Bình |
In the first five months, the total revenue collection of the whole customs sector is VND 123,484 billion, 36.5% of current appropriation, 34.8% of the striving target, down by 17.18% over the same period in 2019.
Regarding export turnover, in May, the total export value of Vietnam is estimated to reach $37.9 billion, up by 5% compared to the last month.
In particular, total export value is estimated at $18.5 billion, up 5.2% and total import value is estimated at $19.4 billion, up 4.7%. Compared to the same period in 2019, Vietnam’s export value decreased by 15.5% and import value decreased by 15.9%.
With the above developments, Vietnam's trade balance in May is estimated to suffer a trade deficit of $900 million. However, in the first five months, Vietnam still saw a trade surplus of $1.88 billion.
One remarkable note was that the total import-export value of Vietnam in the first five months of the year was only estimated at $196.8 billion, down 2.8% from the same period in 2019.
Some export commodity groups are estimated to grow well in the month such as:
Crude oil is estimated at 486 thousand tonnes, up 4.1% and valued at $110 million, up 103.2% compared to April 2020.
Ores of all kinds are estimated at 250 thousand tonnes, up 13.6% and worth $16 million, up 34.1% over the previous month.
The key imported goods have had noticeable increases such as:
Petrol and oil of all kinds are estimated at 650 thousand tonnes, up 20.7% from the previous month and worth $152 million, up 7.7%.
Computers, electronic products and components are estimated at $4.2 billion, up 9.7% from the previous month.
Machinery, equipment, tools and spare parts are estimated at $3.1 billion, up 4.1% compared to the previous month.
Other noteworthy imported items are completed built unit (CBU) cars with an estimated output of 5,000 units, up 5.7% and worth $ 110 million, down 15.8% from the previous month.
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