HCM City Customs highly concentrated on revenue collection in the last quarter of 2019

VCN – The revenue collection of HCM City Customs Department in nine months achieved more than 80 percent, with the effort of striving to exceed the target of VND112,900 billion, the unit has been highly concentrated in the last quarter of 2019.
tin nhap 20191031135415
Professional activities at Hiep Phuoc port Customs Branch. Photo: T.H

Domestic revenue must achieve nearly VND 1,500 billion/day

According to the Department of Financeof Ho Chi Minh City, total state revenue in Ho Chi Minh City in the first nine months of 2019 achieved VND287,173 billion, 71.95 percent of the current appropariation and increasing by 7.23 percent over the same period in 2018. In particular, domestic revenue was VND 181,841 billion, 66.77 percent of the current appropariation and increasing by 4.49 percent; revenue collected from crude oil was VND 17,483 billion, achieved by 97.13 percent of the current appropariation and increasing by 0.14 percent; revenue collected from import and export activities was VND 87,800 billion, 80.70 percent of the current appropariation and increasing by 15.16 percent.

In 2019, Ho Chi Minh City was assigned to collect VND 399,125 billion, including domestic revenue of VND 272,325 billion, revenue from crude oil VND 18,000 billion and revenue collected from import and export activities was VND 108,800 billion. To complete the target of this year, in the last four months, Ho Chi Minh City needed to collect VND 112,052 billion of tax.

According to Ho Chi Minh City Tax Department, total domestic revenue in the first nine months of 2019 hit 199,324 billion VND, 68.66 percent of the current appropriation in 2019, increasing by 4.10 percent over the same period in 2018. In particular, domestic revenue (excluding from oil) in nine months was VND 181,841 billion, reached 66.77 percent of current appropariation in 2019, up 4.5 percent compared to the same period in 2018. According to the analysis of Ho Chi Minh City Tax Department, besides revenue collected from land use fees which decreased by more than 19 percent, other revenues increased over the same period, but the growth rate decreased sharply.

To achieve the 2019 estimate (VND 272,325 billion), the HCMC Tax Department has to collect VND 90,484 billion. According to calculations by Ho Chi Minh City Tax Department, on average, the unit has to collect nearly VND 1,500 billion each day to complete the plan.

At the meeting on implementing socio-economic tasks in the fourth quarter on October 22 and many previous thematic meetings, leaders of Ho Chi Minh City People's Committee requested relevant sectors and agencies, especially the Tax and Customs authorities, to focus on state revenue collection in the peak months of the year. In particular, besides facilitating, managing and nurturing souces of revenue, these two units should focus on handling tax debt. , Vice Chairman of Ho Chi Minh City People's Committee Tran Vinh Tuyen requested Ho Chi Minh City Tax Department report and propose the Ho Chi Minh City People's Committee to direct solutions for enterprises owing huge amount of tax debt to recover taxes for the State budget.

Collection from import – export exceeding the assigned target

According to HCM City Customs Department, this year, revenue collected from import – export activities in HCM City area achieved positive results. As of September 30, 2019, revenue collection of Ho Chi Minh City Customs reached VND 88,404 billion, 81.25 percent of the ordinance estimate, up by 12 percent over the same period (only VND 76,232 billion was collected in the same period).

According to leaders of Ho Chi Minh City Customs Department, following guidance of leaders of the Ministry of Finance and the General Department of Vietnam Customs, from the beginning of 2019, the HCMC Customs Department has focused on implementing the target plan of administrative reform, trade facilitation, enhancing the competitiveness of enterprises, and continued to implement solutions to complete revenue collection tasks assigned by the Ministry of Finance and the General Department of Vietnam Customs. Accordingly, Ho Chi Minh City Customs Department has issued action plans to assign tasks to each unit, setting the criteria and deadlines for completion. In addition, each unit needs to implement solutions to achieve the best revenue collection results.

Along with creating favourable conditions and nurturing revenue sources, HCM City Customs Department has paid attention to combating the loss of state revenues. According to Ho Chi Minh City Customs Department, due to synchronous implementation of measures to combat loss of revenue through price consultation and post-clearance audit, from the beginning of 2019 to October 15, the unit has increased the amount of revenues collection by more than VND 574 billion of tax. In particular, the amount of taxes increased through price consultation was VND 407 billion, up 93 percent over the same period in 2018. In term of post-clearance audit, the whole HCMC Customs Department increased the revenue by more than VND 135 billions. Revenue was mainly conducted via on-site audits by the post-clearance Audit Branch, with the revenue of more than VND 123 billion, the rest is done by the Customs Branches; increase revenue by nearly VND 40 billion from adjusting the code of import and export goods.

With synchronous solutions in the last months of the year, Ho Chi Minh City Customs Department said they would try to exceed assigned targets. According to the estimation of Ho Chi Minh City Customs Department, the state revenue in the fourth quarter of 2019 reached about VND 31,000 billion. Accumulated to the end of December 31, 2019, budget revenue would be estimated at VND 119,400 billion, reaching 109.7 percent of the ordinance estimate (VND 108,800 billion), reaching 105.7 percent of the target (VND 112,900 billion), up 10.6 percent or VND 11,380 billion over the same period in 2018.

By Lê Thu/Thanh Thuy

Related News

Minister of Finance Nguyen Van Thang: Facilitating trade, ensuring national security, and preventing budget losses

Minister of Finance Nguyen Van Thang: Facilitating trade, ensuring national security, and preventing budget losses

VCN - Vietnam's total import-export turnover for 2024 is estimated to reach US$782.33 billion, a remarkable achievement driven by the proactive and dedicated efforts of officials and staff at the General Department of Vietnam Customs.
Hai Phong Customs processes over 250,000 declarations in November

Hai Phong Customs processes over 250,000 declarations in November

VCN - In November 2024, the Hai Phong Customs Department processed 251,983 import-export declarations.
Binh Duong Customs surpasses budget revenue target by over VND16.8 Trillion

Binh Duong Customs surpasses budget revenue target by over VND16.8 Trillion

VCN - As of November 30, 2024, the total budget revenue collected by the Binh Duong Customs Department reached VND16.872 trillion, achieving 100.43% of the assigned target and 98.67% of the aspirational target, representing a 14.45% increase compared to the same period last year.
Japanese businesses express satisfaction with HCMC Customs’ Support

Japanese businesses express satisfaction with HCMC Customs’ Support

On December 9, 2024, during the roundtable meeting between the Ho Chi Minh City Government and the Japanese Business Association of Ho Chi Minh City (JCCH), representatives from Japanese businesses expressed great satisfaction with the guidance and responses provided by the Ho Chi Minh City Customs Department.

Latest News

Official implementation of the program encouraging enterprises to voluntarily comply with Customs Laws

Official implementation of the program encouraging enterprises to voluntarily comply with Customs Laws

VCN - After a two-year pilot phase, the Customs sector has officially launched the program encouraging enterprises to voluntarily comply with customs laws as of December 4, 2024, with the goal of enhancing compliance levels and ensuring consistent adherence among enterprises.
Proactive plan to meet customs management requirements at Long Thanh International Airport

Proactive plan to meet customs management requirements at Long Thanh International Airport

VCN - Director of Dong Nai Customs Department Le Van Thung requested the Ministry of Finance and the General Department of Customs to pay attention to directing so that after arranging and streamlining the apparatus, human resources can be immediately prepared to serve Customs at Long Thanh International Airport.
An Giang Customs issues many notes to help businesses improve compliance

An Giang Customs issues many notes to help businesses improve compliance

VCN - On December 17, An Giang Customs Department held a dialogue conference with over 50 import-export enterprises in the area. This is the second dialogue conference organized by An Giang Customs Department this year.
Achievements in revenue collection are a premise for breakthroughs in 2025

Achievements in revenue collection are a premise for breakthroughs in 2025

VCN – Motivated by great efforts and effective implementation of solutions, as of December 10 the total State revenue from imports and exports saw a year-on-year increase of 13.8% to VND397,861 billion, meeting 106.1% of the estimate. The revenue us estimated to reach VND420,000 billion, meeting 112 % of the estimate, up 13.9% over the same period in 2023. The achievements in 2024 are a premise for a breakthrough in revenue collection in 2025.

More News

Director General Nguyen Van Tho: Customs sector strives to excellently complete 2025 tasks

Director General Nguyen Van Tho: Customs sector strives to excellently complete 2025 tasks

VCN - Concluding the conference, Director General of Vietnam Customs Nguyen Van Tho suggested many goals and solutions for the entire sector in 2025. Customs Magazine respectfully introduces the important contents in the Director General's concluding remarks.
Customs sector deploys work in 2025

Customs sector deploys work in 2025

VCN - On December 16, the General Department of Customs held an online conference to review the results of work in 2024 and deploy tasks for 2025. Minister of Finance Nguyen Van Thang attended and directed the conference. Director General Nguyen Van Tho chaired the conference. Attending the conference were former Director General of Customs General Department Nguyen Van Can, former Deputy Director General of Customs General Department of Customs Hoang Viet Cuong and Deputy Directors General: Luu Manh Tuong, Dinh Ngoc Thang, Au Anh Tuan, Tran Duc Hung and representatives of a number of departments, bureaus and general departments under the Ministry of Finance.
Mong Cai Border Gate Customs Branch makes great effort in performing work

Mong Cai Border Gate Customs Branch makes great effort in performing work

VCN – When the night falls in a cold winter in Mong Cai city, many people have dinner with their families, officials of Mong Cai Border Gate Customs Branch (Quang Ninh Customs Department) still process customs clearance procedures at check points.
Declarations and turnover of imported and exported goods processed by Lao Bao Customs surge

Declarations and turnover of imported and exported goods processed by Lao Bao Customs surge

VCN- By the end of November 30, Lao Bao Border Gate Customs Branch (Quang Tri Customs Department) had processed procedures for 9,337 import-export declarations, up 26.6%, with the import-export turnover of US$553.48 million, up 45.9% year-on-year.
General Department of Vietnam Customs prepares for organizational restructuring

General Department of Vietnam Customs prepares for organizational restructuring

VCN - On December 10, 2024, the General Department of Vietnam Customs convened a conference to discuss the organizational restructuring of the Customs apparatus.
Revenue faces short-term difficulties but will be more sustainable when implementing FTA

Revenue faces short-term difficulties but will be more sustainable when implementing FTA

VCN – The National Scientific Conference under the theme “Tax management for imports and exports in the context of FTA implementation: Current situation and solutions” was jointly held by the General Department of Vietnam Customs (GDVC) and the Academy of Finance, on December 11.
Customs sector collects over VND384 trillion in revenue

Customs sector collects over VND384 trillion in revenue

VCN - By the end of November, the Customs revenue exceeded the estimate by 2.6% and increased by 14.8% compared to the same period in 2023, the General Department of Vietnam Customs released on December 11.
Actively listening to the voice of the business community

Actively listening to the voice of the business community

VCN - Recognizing the Customs-business relationship as a long-term partnership, the Customs authority has organized hundreds of dialogues with businesses since the beginning of the year. These efforts aim to promptly address challenges, resolve obstacles, and facilitate import-export activities. Such meetings offer an opportunity for the Customs authority and the business community to exchange, share insights, and find solutions to enhance operational quality and efficiency.
Vietnam-Cambodia: Looking back on journey of cooperation

Vietnam-Cambodia: Looking back on journey of cooperation

VCN – The bilateral meeting between the General Department of Vietnam Customs (GDVC) and the General Department of Customs and Excise of Cambodia (GDCEC) was held by the GDVC on December 9.
Read More

Your care

Latest Most read
Minister of Finance Nguyen Van Thang: Facilitating trade, ensuring national security, and preventing budget losses

Minister of Finance Nguyen Van Thang: Facilitating trade, ensuring national security, and preventing budget losses

Vietnam's total import-export turnover for 2024 is estimated to reach US$782.33 billion, a remarkable achievement driven by the proactive and dedicated efforts of Customs officials and staffs
Official implementation of the program encouraging enterprises to voluntarily comply with Customs Laws

Official implementation of the program encouraging enterprises to voluntarily comply with Customs Laws

After a two-year pilot phase, the Customs sector has officially launched the program encouraging enterprises to voluntarily comply with customs laws as of December 4, 2024
Proactive plan to meet customs management requirements at Long Thanh International Airport

Proactive plan to meet customs management requirements at Long Thanh International Airport

VCN - Regarding the task in 2025, Director Le Van Thung said that the unit was assigned a budget collection target of 21,100 billion VND the following year. Of which, Dong Nai is 20,000 billion VND and Binh Thuan is 1,100 billion VND.
An Giang Customs issues many notes to help businesses improve compliance

An Giang Customs issues many notes to help businesses improve compliance

VCN - On December 17, An Giang Customs Department held a dialogue conference with over 50 import-export enterprises in the area. This is the second dialogue conference organized by An Giang Customs Department this year.
Hai Phong Customs processes over 250,000 declarations in November

Hai Phong Customs processes over 250,000 declarations in November

In November 2024, the Hai Phong Customs Department processed 251,983 import-export declarations.
Mobile Version