HCM City Customs: Revenue collected from many imported items achieve positive results

Imported automobiles increased so it helped to increase sharply the revenue collection of HCM City. Photo: T.H

Imported cars increase three times

According to the HCM City Customs Department, the total import-export turnover in October 2019 through Ho Chi Minh City border gates reached $91,955 billion, compared to the same period in 2018, increasing by 6.4 percent.

In particular, exports reached $43,324 billion, increasing by 8.06 percent over the same period in 2018; imports reached $48,631 billion, increasing by 4.9 percent over the same period in 2018.

Except shipments of petrol imported since the beginning of 2019, most of the items imported to Ho Chi Minh City are increased compared to the same period in 2018.

In particular, the item with a high increase in turnover is cars of all kinds. The turnover reached $484.1 million, increasing by 119.6 percent over the same period in 2018, which reached only $220.4 million.

Particularly, the item of imported cars with less than 9 seats has turnover reaching $254.8 million (11,649 cars), a three times increase compared to the same period in 2018, reaching only $85.2 million (4,181 vehicles). This car items have increased revenue for the State budget with the estimation of VND 10,300 billion over the first 10 months of 2018.

Besides that, imported motorbikes also increased, with a turnover of $287.1 million (121,984 units), an increase of 122.4 percent over the same period in 2018, reaching only $128.6 million (79,231 vehicles).

Imported computers, electronic products and components reached $11,242.3 million, increasing by 50.1 percent compared to the same period in 2018, reaching $7,489.8 million. Particularly, for household appliances, the turnover was only $832.8 million, increasing by 4.4 percent compared to the same period in 2018, reaching $797.3 million.

According to the HCMC Customs Department, both export turnover and import turnover through Ho Chi Minh City border gates increased sharply, which have proved that Ho Chi Minh City is still an ideal place for the business community.

Increase revenue from internal resources

According to the HCM City Customs Department, this year, the revenue collected from import and export activities in Ho Chi Minh City achieved positive results. By the end of October 31, 2019, Ho Chi Minh City Customs Department collected and paid VND99.452,00 billion to the state budget, reaching 91.4 percent of the ordinance estimate, achieving 88.1 percent of the target (VND 112,900 billion) and increasing by 15.3 percent, which is equivalent to VND 13,202 billion over the same period in 2018 reaching VND 86,249.48 billion.

According to the leader of Ho Chi Minh City Customs Department, due to the synchronous implementation of measures to combat revenue loss through price consultation and post-clearance audit, from the beginning of 2019 to October 31, the unit has increased revenues to the state budget by more than VND 574 billion in tax. In particular, the amount of taxes increased through price consultations reached VND 432.57 billion, increasing by 93 percent over the same period in 2018.

For post clearance audit, the whole of HCMC Customs Department increased revenue by more than VND 152 billion. In particular, the revenue is mainly collected by the Post clearance Audit Department through on-site audit, with a revenue of more than VND 140 billion, the remaining is done by other Customs Branches; revenue is increase nearly VND 40 billion through the work of amending the code of import and export goods.

In the last months of the year, Ho Chi Minh City Customs Department is actively deploying solutions to combat revenue loss through anti-smuggling, trade fraud, price, post-clearance audit and specialized inspections in order to strive to exceed the target of revenue collection in 2019 that is VND 112,900 billion./.