Khanh Hoa Customs reaches revenue target 1 quarter early

Khanh Hoa Customs reaches revenue target 1 quarter early

VCN - Many key import items increased sharply, along with efforts in trade facilitation, tax debt collection, so in just 9 months of 2024, Khanh Hoa Customs Department completed the state budget revenue target.
Two items helps to raise revenues of Khanh Hoa Customs Two items helps to raise revenues of Khanh Hoa Customs
Khanh Hoa Customs sees good revenue, expected to exceed target Khanh Hoa Customs sees good revenue, expected to exceed target
Khanh Hoa Customs: Instructing specialized procedure for enterprises Khanh Hoa Customs: Instructing specialized procedure for enterprises
Khanh Hoa Customs officials supervise at the petroleum bonded warehouse. Photo: T.H
Khanh Hoa Customs officials supervise at the petroleum bonded warehouse. Photo: T.H

According to Khanh Hoa Customs Department, the unit's main source of revenue is from petroleum products, with the result of VND 882.42 billion, accounting for 40% of total revenue, up 44.84% over the same period in 2023 (VND 273.17 billion).

Revenue from imported coal reached VND 785.9 billion, accounting for 35.29% of total revenue, up 49.31% over the same period in 2023 (VND 259.56 billion). The reason for the increase in imported coal is that Van Phong Thermal Power Plant has come into operation and supplied electricity to the national grid.

Along with the above two items, Khanh Hoa Customs Department also has revenue from imported tobacco raw materials.

In nine months, the revenue from this item reached VND228.63 billion, accounting for 10.27% of total revenue, up 6.11% over the same period last year (VND13.17 billion).

According to Khanh Hoa Customs Department, since April 2024, Khanh Viet Corporation has been granted a quota to import tobacco raw materials, this company has continuously imported many tobacco shipments for production, contributing to increasing revenue for the State budget.

In addition to the above key items, many imported items have also decreased, affecting the State budget revenue of Khanh Hoa Customs Department.

Specifically, revenue from raw materials, machinery and equipment for shipbuilding of Hyundai Vietnam Shipbuilding Co., ltd (HVS) in the first nine months of 2024 only reached over VND 144 billion, accounting for 6.48% of total revenue, down 4.44% compared to the same period in 2023 (VND 6.71 billion).

In addition, decrease in revenue from machinery, equipment and other goods due to the 2% reduction in value added tax rate of VND 6.69 billion, worth US$12.15 million for groups currently applying a tax rate of 10% down to 8% according to Decree No. 72/2024/ND-CP dated June 30, 2024 of the Government, has directly affected the unit’s revenue.

However, thanks to the high increase in imported goods, it has positively impacted the State budget revenue of Khanh Hoa Customs Department. In the first nine months of 2024, Khanh Hoa Customs Department has achieved and exceeded the 2024 target.

Specifically, the State budget revenue reached VND 2,226.86 billion, exceeding 4.06% of the assigned estimate, up 27.49%, equivalent to an increase of VND 480.11 billion over the same period last year.

To achieve the above results, in addition to the positive performance of enterprises, Khanh Hoa Customs Department has promoted administrative reform, customs modernization, and application of information technology in customs operations.

The Department has also focused on implementing the regulations on State policies and mechanisms and customs procedures for all types of import and export. At the same time, strengthening customs inspection and supervision of import and export goods and means of transport in accordance with the provisions of law.

The unit has completed customs clearance procedures for nearly 21,000 import and export declarations, with a total turnover of nearly US$2.6 billion of over 190 enterprises. These indicators are all higher than the same period last year.

Khanh Hoa Customs meets businesses
Khanh Hoa Customs meets businesses

In addition, Khanh Hoa Customs Department focuses on debt collection. As of September 15, 2024, the unit's outstanding tax debt was only VND 43.58 billion, down VND 20.25 billion (31.72%) compared to December 31, 2023.

According to Khanh Hoa Customs Department, in the last 3 months of the year, the unit continued to drastically implement solutions to ensure the highest state budget collection results.

However, the amount of imported gasoline for the whole year of 2024 of the Vietnam National Petroleum Group was completed in the first 6 months of the year. Currently, the group has no plans to import gasoline and oil in Khanh Hoa in the last three months of 2024 and the whole year of 2025. Therefore, the unit's state budget revenue in the last months of the year will certainly not be as high as in the first months of 2024.

By Le Thu/ Huyen Trang

Related News

Complying with regulations of each market for smooth fruit and vegetable exports

Complying with regulations of each market for smooth fruit and vegetable exports

VCN - According to Mr. Dang Phuc Nguyen (photo), General Secretary of the Vietnam Fruit and Vegetable Association (Vinafruit), with the development momentum and increasing consumption demand from the Chinese market, the Vietnamese fruit and vegetable industry is setting new records and is expected to reach an export turnover of US $10 billion by 2030. With great potential and advantages in developing agricultural products, Vietnam has been affirming its position as one of the world's leading agricultural exporters.
Hai Phong Customs collects over VND87 billion from post-clearance audit

Hai Phong Customs collects over VND87 billion from post-clearance audit

VCN – The Post-clearance audit branch (under Hai Phong Customs Department) alone has conducted 236 audits and collected VND86.4 billion.
Hai Phong Customs sets new record in revenue of VND70,000 billion

Hai Phong Customs sets new record in revenue of VND70,000 billion

VCN – Hai Phong Customs Department set a new record in budget collection in 2024 with more than VND70,000 billion
Coconut export enter acceleration cycle

Coconut export enter acceleration cycle

VCN - The opening of large markets and the proactiveness of enterprises in investing in deep processing and green transformation will create momentum for the Vietnamese coconut industry to enter a stronger growth cycle in the coming time.
Comment

Latest News

Da Nang Customs Department supports enterprises in developing Customs-Business partnership

Da Nang Customs Department supports enterprises in developing Customs-Business partnership

VCN – At the Conference on developing Customs-Business Partnership 2024 held by Da Nang Customs Department, Permanent Vice Chairman of the Da Nang People's Committee Ho Ky Minh highly appreciated the development of Customs-Business Partnership over the past time, bringing many practical benefits not only to businesses but also creating favorable conditions for Da Nang's goods to quickly access the international market, promoting the city's economic development.
Lang Son Customs finds it difficult to collect and handle tax arrears

Lang Son Customs finds it difficult to collect and handle tax arrears

VCN - As of December 16, 2024, the total overdue debt for processed customs declarations at Lang Son Customs Department was more than VND180.7 billion, of which the unit conducted a charge-off debt of VND 93.9 billion. Although Lang Son Customs Department applied many measures, collection and handling of tax arrears is still a problem.
Customs reduces VAT under Resolution No. 174/2024/QH15

Customs reduces VAT under Resolution No. 174/2024/QH15

VCN- The General Department of Vietnam Customs (GDVC) has sent an urgent dispatch to provincial and municipal customs departments to implement VAT reduction under Resolution No. 174/2024/QH15.
HCMC Customs: Outstanding performance across all operations

HCMC Customs: Outstanding performance across all operations

VCN - On January 2, 2025, the Ho Chi Minh City (HCMC) Customs Department held its annual review conference to assess 2024 achievements and outline tasks for 2025. The event was attended by Vice Chairman of HCMC People's Committee Nguyen Van Dung and Deputy Director General of Vietnam Customs Dinh Ngoc Thang, who delivered keynote speeches.

More News

Tackling revenue challenges: Dong Nai Customs Department’s strategic plan for 2025

Tackling revenue challenges: Dong Nai Customs Department’s strategic plan for 2025

VCN - Facing mounting challenges in revenue collection, the Dong Nai Customs Department is stepping up efforts to secure its 2025 state budget targets through proactive measures and digital transformation.
Director General Nguyen Van Tho: streamlining apparatus to meet the requirements of customs modernization

Director General Nguyen Van Tho: streamlining apparatus to meet the requirements of customs modernization

VCN - Director General of the General Department of Customs Nguyen Van Tho said that the customs sector will focus on arranging and streamlining the apparatus, ensuring that the new apparatus can be put into operation immediately, without interruptions.
Cao Bang Customs Department collects over VND 940 Billion, achieving a 22% increase

Cao Bang Customs Department collects over VND 940 Billion, achieving a 22% increase

VCN - In 2024, the Cao Bang Customs Department achieved remarkable budget revenue growth, significantly surpassing its targets.
Ba Ria - Vung Tau Customs: A strategic partner in business success

Ba Ria - Vung Tau Customs: A strategic partner in business success

VCN - Businesses have highly appreciated the administrative reforms and support provided by the Ba Ria - Vung Tau (BR-VT) Customs Department, recognizing these efforts as a critical factor in fostering growth amid ongoing challenges.
Challenges facing customs revenue collection in 2025

Challenges facing customs revenue collection in 2025

VCN - Revenue from import-export activities is expected to face significant challenges in 2025, necessitating coordinated and decisive measures to ensure accurate and sufficient tax collection, preventing revenue losses, and achieving assigned targets.
Quang Ninh Customs: making efforts to help businesses improve compliance

Quang Ninh Customs: making efforts to help businesses improve compliance

VCN - Quang Ninh Customs Department has synchronously deploys support activities, guidance, answers questions, provided information, and warned of risks to help businesses proactively prevent and avoid violations, and voluntarily improve their compliance with customs laws.
Customs modernization: From VNACCS to Digital Customs: Part 3: Part 3: Comprehensive digital transformation in customs field

Customs modernization: From VNACCS to Digital Customs: Part 3: Part 3: Comprehensive digital transformation in customs field

VCN - The shortcomings and inadequacies related to the VNACCS/VCIS and satellite information technology (IT) systems have been identified early by the General Department of Customs. Therefore, on the one hand, the Customs sector has been actively seeking solutions to solve them, on the other hand, it has focused resources to carry out comprehensive digital transformation in the customs sector in response to the Government's policy.
Ho Chi Minh City Customs: Exceeded the state budget revenue target by nearly 100 billion VND

Ho Chi Minh City Customs: Exceeded the state budget revenue target by nearly 100 billion VND

VCN - Carrying out the task of collecting the state budget in a very difficult context, but with the outstanding efforts of the leadership and civil servants of Ho Chi Minh City Customs Department, the unit has exceeded the state budget collection target by the end of the year.
Modernizing Customs: From VNACCS to Digital Customs Part 2: The urgent need for a new IT system

Modernizing Customs: From VNACCS to Digital Customs Part 2: The urgent need for a new IT system

VCN - With Vietnam's rapidly expanding economy and a significant rise in import-export volumes—now among the top 20 globally—the VNACCS/VCIS system has become outdated. It urgently requires an upgrade or the development of a new information technology (IT) infrastructure to streamline trade facilitation and enhance customs management efficiency in this evolving landscape.
Read More

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read
Da Nang Customs Department supports enterprises in developing Customs-Business partnership

Da Nang Customs Department supports enterprises in developing Customs-Business partnership

VCN - According to Da Nang Customs Department, in 10 years of developing Customs-Business Partnership, the Customs has not only played the role as the manager but also played the role of the partner, supporting and facilitating businesses, import-export p
Lang Son Customs finds it difficult to collect and handle tax arrears

Lang Son Customs finds it difficult to collect and handle tax arrears

VCN - As of December 16, 2024, the total overdue debt for processed customs declarations at Lang Son Customs Department was more than VND180.7 billion, of which the unit conducted a charge-off debt of VND 93.9 billion. Although Lang Son Customs Department
Customs reduces VAT under Resolution No. 174/2024/QH15

Customs reduces VAT under Resolution No. 174/2024/QH15

VCN- The General Department of Vietnam Customs (GDVC) has sent an urgent dispatch to provincial and municipal customs departments to implement VAT reduction under Resolution No. 174/2024/QH15.
HCMC Customs: Outstanding performance across all operations

HCMC Customs: Outstanding performance across all operations

Ho Chi Minh City Customs Department held its annual review conference to assess 2024 achievements and outline tasks for 2025 on January 2, 2025
Tackling revenue challenges: Dong Nai Customs Department’s strategic plan for 2025

Tackling revenue challenges: Dong Nai Customs Department’s strategic plan for 2025

Facing mounting challenges in revenue collection, the Dong Nai Customs Department is stepping up efforts to secure its 2025 state budget targets through proactive measures and digital transformation.
Mobile Version