Lao Cai Customs decreases by nearly US$150 million in trade

VCN - Import and export turnover saw a sharp drop, especially taxable goods, leading to decline in the budget revenue of the Lao Cai Customs Department.
Lao Cai Customs clears more than 9,000 tons of lychee for export Lao Cai Customs clears more than 9,000 tons of lychee for export
Revenue from major commodity groups plunges: Lao Cai Customs Revenue from major commodity groups plunges: Lao Cai Customs
Lao Cai Customs seizes 6,000 drug pills Lao Cai Customs seizes 6,000 drug pills
Trade turnover through Lao Cai Customs Department plunges year-on-year. Photo: T.Binh
Trade turnover through Lao Cai Customs Department plunges year-on-year. Photo: T.Binh

According to Lao Cai Customs Department, by the end of July, the unit recorded a trade turnover of US$ 776 million, down 17% year-on-year, or US$149 million. In which, exports reached US$520.2 million and imports US$255.8 million.

Main export items: yellow phosphorus, peeled wood, tapioca starch, confectionery...; Major imports: fertilizers, coke, clothing, confectionery...

Regarding state budget revenue, by the end of July, the whole department collected VND525.04 billion, reaching 35% of the target assigned by the Ministry of Finance (VND1,500 billion), reaching 22.3% of the target assigned by the Lao Cai Provincial People's Council, down 47% over the same period in 2022 (equivalent to nearly VND470 billion).

Lao Cai Customs handled 152 customs offences Lao Cai Customs handled 152 customs offences

VCN – Customs offences detected by Lao Cai Customs Department are mainly related to administrative violations.

The sharp decrease in revenue of Lao Cai Customs compared to the same period last year is due to main reasons such as production and business activities of enterprises in the country as well as in the locality of Lao Cai province faced many difficulties, such as the orders decrease; bank interest rates increase; the Chinese border gate agencies have strengthened management measures, tightened control at the secondary border gates, increased tax rates, and directly affecting the import and export activities through border gates in Lao Cai province.

By Thai Binh/ Huyen Trang

Related News

Hai Phong Customs’ revenue rises about VND 1,000 billion

Hai Phong Customs’ revenue rises about VND 1,000 billion

VCN- In the first month of the year, Hai Phong Customs' revenue increased by nearly VND1,000 billion.
Import and export turnover reaches about US$29 billion in the second half of January 2025

Import and export turnover reaches about US$29 billion in the second half of January 2025

VCN - Vietnam's total import and export turnover in the second half of January 2025 (January 16-31, 2025) reached US$28.9 billion, the latest preliminary statistics of the General Department of Vietnam Customs reported.
State revenue in first month of the year equal to 14% of the estimate

State revenue in first month of the year equal to 14% of the estimate

VCN - According to the Ministry of Finance, in January - the first month of 2025, the total state budget revenue is estimated at VND275.9 trillion, equal to 14% of the estimate; meanwhile, the total state budget expenditure is estimated at VND134.4 trillion.
Comment

Latest News

Vietnam Customs forms implementation task force on developing customs procedures

Vietnam Customs forms implementation task force on developing customs procedures

VCN - Decision 135/QD-TCHQ, recently issued by the General Department of Vietnam Customs, establishes a task force to develop and implement new customs procedures. The task force will be headed by Deputy Director General Au Anh Tuan.
Quang Tri Customs launches business support initiatives

Quang Tri Customs launches business support initiatives

VCN - Quang Tri Customs considers the business community as partners, continuing to facilitate import-export, immigration, investment and tourism activities in the area.
Administrative reform: Khanh Hoa Customs delivers impressive results

Administrative reform: Khanh Hoa Customs delivers impressive results

VCN - The Khanh Hoa Customs Department achieved a "good" ranking among the six vertical agencies in Khanh Hoa Province, with an administrative reform index of 91.28%.
GDVC sets goal of widely disseminating Customs policies

GDVC sets goal of widely disseminating Customs policies

VCN – The General Department of Vietnam Customs (GDVC) has issued a plan to disseminate and educate the law; and support and provide information in 2025.

More News

Hai Phong Customs sets out 15 tasks to achieve the revenue target of VND 72,000 billion

Hai Phong Customs sets out 15 tasks to achieve the revenue target of VND 72,000 billion

VCN – Hai Phong Customs Department has issued Directive No. 624/CT-HQHP dated January 21, 2025 on drastically implementing solutions to facilitate trade, improve the effectiveness of state management, and strive to achieve the revenue target of 2025.
Over 1,500 customs declarations processed by Hai Phong Customs during Tet

Over 1,500 customs declarations processed by Hai Phong Customs during Tet

VCN - Hai Phong Customs Department processed 1,547 customs declarations during the Tet holiday period
Hai Phong Customs strives to perform tasks from the beginning of the year

Hai Phong Customs strives to perform tasks from the beginning of the year

VCN – Hai Phong Customs Department has actively and effectively implemented solutions to accomplish tasks and achieve targets.
Ho Chi Minh City: Foreign visitors spend more than VND1,500 billion to buy goods upon exit

Ho Chi Minh City: Foreign visitors spend more than VND1,500 billion to buy goods upon exit

VCN - According to the Ho Chi Minh City Customs Department, in 2024, the unit refunded VAT on goods that foreigners and oversea Vietnamese residents brought with them when leaving the country with a value of over VND1,540 billion.
3,500 customs declarations handled in Lang Son over Tet

3,500 customs declarations handled in Lang Son over Tet

VCN - During the 2025 Lunar New Year (Year of the Snake), Lang Son Customs Department processed nearly 3,500 customs declarations valued at over US$306 million.
Hai Phong Customs processes more than 1,500 declarations during 2025 Lunar New Year holiday

Hai Phong Customs processes more than 1,500 declarations during 2025 Lunar New Year holiday

VCN - During the 2025 Lunar New Year holiday, Hai Phong Customs Department processed 1,547 declarations.
US$10.5 million in trade flows through Binh Duong Customs during Tet  During the 2025 Lunar New Year

US$10.5 million in trade flows through Binh Duong Customs during Tet During the 2025 Lunar New Year

VCN - During the 2025 Lunar New Year holiday, the Binh Duong Customs Department arranged for staff to be on duty, ensuring quick and timely customs clearance, helping import and export businesses avoid interruptions and maintaining a smooth flow of goods.
Proactive customs measures for express parcels: Tightening control over import-export goods

Proactive customs measures for express parcels: Tightening control over import-export goods

VCN - International express delivery companies are the main entities responsible for handling import and export customs procedures on behalf of the recipients. The Express Customs Branch (HCM City Customs Department) has been proactive in introducing various measures to both promote trade and maintain strict control over import and export goods
Best covers of Vietnam Customs songs: 15 winners revealed

Best covers of Vietnam Customs songs: 15 winners revealed

VCN - The Vietnam Customs Youth Union has just officially revealed the 15 victorious pieces in the "Cover Songs about Vietnam Customs 2024" contest. These 15 prizes are divided into various categories, totaling approximately 100 million Vietnamese Dong in prize money
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
Vietnam Customs forms implementation task force on developing customs procedures

Vietnam Customs forms implementation task force on developing customs procedures

Decision 135/QD-TCHQ, recently issued by the General Department of Vietnam Customs, establishes a task force to develop and implement new customs procedures.
Quang Tri Customs launches business support initiatives

Quang Tri Customs launches business support initiatives

Quang Tri Customs considers the business community as partners, continuing to facilitate import-export, immigration, investment and tourism activities in the area.
Hai Phong Customs’ revenue rises about VND 1,000 billion

Hai Phong Customs’ revenue rises about VND 1,000 billion

VCN - Notably, the revenue in January increased by VND 883 billion (or 16.7%) compared to the same period in 2024.
Administrative reform: Khanh Hoa Customs delivers impressive results

Administrative reform: Khanh Hoa Customs delivers impressive results

The Khanh Hoa Customs Department achieved a "good" ranking among the six vertical agencies in Khanh Hoa Province, with an administrative reform index of 91.28%.
GDVC sets goal of widely disseminating Customs policies

GDVC sets goal of widely disseminating Customs policies

VCN - Additionally, the GDVC aims to unify the direction and coordination within and outside the industry on the dissemination and education of laws for customs officials; to support, and provision of information to relevant organizations and individuals.
Mobile Version