Customs sector's budget revenue in September continues to decline

Accordingly, since August, the state budget revenue collection of the entire Customs sector has stagnated and declined sharply compared to the first 7 months of the year.

The Import-Export Duty Department (General Department of Vietnam Customs) assessed that the reason is the decrease in import turnover of some large-value items with high tax rates.

Especially in the early days of September, when super typhoon number 3 (Yagi) ravaged, causing flooding, flash floods, and landslides in most northern provinces, severely affecting the import and export turnover of goods.

According to the Import-Export Duty Department, the total import and export turnover of the whole country from September only reached US$65.8 billion, down 8% (equivalent to a decrease of US$5.7 billion) compared to August.

Of which, export turnover reached US$34.04 billion, reducing 9.9%, and import turnover reached US$31.8 billion, declining 5.9% compared to August.

Tan Thanh Customs officers inspect imported machinery. Photo: H.Nụ

At the same time, the total import and export turnover subject to tax of the whole country from September only reached US$11.9 billion, down 7.9% (equivalent to a decrease of US$1.03 billion) compared to August.

Of which, taxable imports reached US$11.4 billion, drop 8.5% compared to August.

The decline in turnover has caused the total state budget revenue of the Customs sector in September to reach only VND 31,126 billion, decreasing 12.4% compared to August.

Representatives of the Import-Export Duty Department said that the import turnover of some large-value items with high tax rates decreased, such as ores and minerals decreased by 38.9% in volume and 35.5% in value, reducing revenue by VND 253 billion; various types of coal decreased by 26.8% in volume and 34.6% in value, reducing revenue by VND 663 billion; plastic raw materials decreased by 14% in volume and 14.7% in value, reducing revenue by VND 257 billion; machinery, equipment, tools, and spare parts decreased by 11.3% in value, reducing revenue by VND 659 billion compared to August.

For the remaining 3 months of 2024, the General Department of Vietnam Customs requires customs departments of provinces and cities to strictly implement state budget revenue management; strengthen the review and grasp of revenue sources; research, propose and implement solutions to increase revenue and prevent revenue loss; proactively assess the impact of international integration commitments on state budget revenue.

In addition, focus on reviewing and grasping the situation of tax debts; classify debt groups, the status of tax debts of enterprises, and propose appropriate handling measures; resolutely handle, enforce, and recover tax debts according to the law, reduce tax arrears, and regularly publicize enterprises owing tax debt; do not allow new debts to arise, and do not allow debts at the end of December 2024 to be higher than at the end of December 2023.