Lao Cai Customs: Many challenges arise when revenue collection falls sharply

VCN – After the first two months of 2023, revenue collection of Lao Cai Customs Department only reached over 7% compared to the assigned target of 2023. Thus, it has posed many challenges for this unit in fulfilling this important task.
Professional activities at Lao Cai International Railway Station Customs Branch. Photo: T.Bình
Professional activities at Lao Cai International Railway Station Customs Branch. Photo: T.Bình

The impact from phosphorus products and machinery

According to preliminary statistics of the General Department of Vietnam Customs, from the beginning of the year to March 5, Lao Cai Customs Department collected VND 113.6 billion, decreasing nearly 51% compared to the same period last year. Notably, the above result also only reached 7.57% compared to the assigned target in 2023 (the whole year's target is 1,500 billion VND).

According to the reporter's observations, Lao Cai Customs Department is one of the units having the lowest revenue collection results and is only about 1/2 the rate of the whole sector (compared to the whole industry's target of 14, 11%).

This result is a surprise in the context that right from the beginning of the year, China has restored all import-export and immigration activities in the border area bordering Lao Cai.

According to the Lao Cai Customs Department leader, despite the loosening moves from China, import and export activities through the area have not prospered as expected.

In February, import-export turnover through carrying out procedures at the Lao Cai Customs Department reached US$84.2 million, rising slightly by 4.7% over the same period last month. However, the accumulated from the beginning of the year to March 1 only reached US$161.2 million, a reduction of 43.6% over the same period in 2022. In particular, exports reached US$101.6 million, decreasing by 45.5 %; imports reached US$59.6 million, falling by 40.1%. The main export items include sulfur, phosphorus, cassava, fruits and veneer. On the other hand, the main imports are chemicals, fertilizers, coke, agricultural products, and confectionery.

Besides the sharp fall in turnover, import and export items that have contributed mainly to the revenue collection of the Lao Cai Customs Department in recent years have almost not arisen in the first two months of the year.

"The main revenue-generating items such as exported phosphorus carrying out customs procedures at Lao Cai international railway station Customs Branch, or machinery and equipment carrying out import procedures at the Lao Cai International Border Gate Customs Branch has almost not been implemented in the first 2 months of the year. While these are the items that contribute the largest revenue to the Department, "Deputy Director of Lao Cai Customs Department Duong Xuan Sinh said.

This year's phosphorus export is facing many difficulties because China reopened to trade while this is the world's leading country in importing this product, so exports from Vietnam would face fierce competition. On the other hand, investment projects in Lao Cai province in the first months of the year did not have much movement, so it affected the import of machinery and equipment.

Difficult quests

To complete the task of revenue collection for the whole year, in the remaining 10 months, the Lao Cai Customs Department has to collect about VND1,386 billion, equivalent to VND138.6 billion per month. This number is even higher than the revenue collected in the first two months of the year, which is a huge challenge for the unit.

According to the Lao Cai Customs Department leader, the unit has been focusing on drastically and synchronously implementing solutions to complete the task of revenue collection for the whole year. That is, strictly implementing Directive 479/CT-TCHQ of the General Department of Vietnam Customs on synchronous and drastic implementation of trade facilitation solutions, improving the efficiency of state management, and preventing revenue loss in implementation of state revenue collection tasks in 2023;

Reviewing enterprises engaging in import and export activities in Lao Cai to call for, encourage and continue to maintain import and export activities in the area;

Timely settlement of issues related to customs procedures, tax policies, tax management, tax refund and tax exemption. Continuing to reform customs procedures, tax administrative procedures, facilitating import and export activities;

Strengthen the monitoring, inspection and control of the declaration of import and export goods in terms of goods names, HS codes, quantity, value, and tariff rates to ensure correct and complete collection of taxes, fees, charges and other revenues into the state budget following regulations;

Furthermore, continuing to strengthen post-customs audit inspection, fight against smuggling and trade fraud, focusing on inspection and review of quantity, value, HS code, and origin for goods with high tax rate, large import turnover and high import frequency of import.

Promoting risk management through analyzing and identifying key points in import and export activities for businesses operating import and export activities in the area, guiding businesses to comply in the implementation of policies, and tax policy for import and export goods.

By Thái Bình/Thanh Thuy

Related News

Hai Phong: Budget revenue reached more than VND40,000 billion

Hai Phong: Budget revenue reached more than VND40,000 billion

VCN - The results of Hai Phong City's revenue collection achieved a good growth rate, expected to reach hundreds of trillion VND for the third consecutive year.
"Creativity in revenue collection to achieve set goals in difficult contexts"

"Creativity in revenue collection to achieve set goals in difficult contexts"

VCN - The Ministry of Finance held an online briefing conference to evaluate the implementation of financial and budget work in April and deploy the work program for May 2024. Minister of Finance Ho Duc Phoc chaired the conference.
Binh Dinh Customs: revenue collection increases sharply

Binh Dinh Customs: revenue collection increases sharply

Implementing many solutions to support businesses, and attract import and export goods, the state revenue of Binh Dinh Customs in the first months of 2024 achieved high results.
Five key northern local customs departments signed an emulation agreement

Five key northern local customs departments signed an emulation agreement

VCN - Five local customs departments belonging to Emulation Cluster No. 3 of the General Department of Vietnam Customs (including Hai Phong Customs Department, Hanoi Customs Department, Quang Ninh Customs Department, Bac Ninh Customs Department and Ha Nam Ninh Customs Department) signed an emulation agreement, striving to complete assigned tasks.

Latest News

Vietnam Customs affirms its role in the international customs community

Vietnam Customs affirms its role in the international customs community

VCN - Vietnam Customs has recently promoted cooperation and international integration in the customs field, bringing out many practical results and contributing to affirming the role and position of Vietnam Customs in international forums.
Resolve arising problems to effectively implement ASEAN Single Window

Resolve arising problems to effectively implement ASEAN Single Window

VCN - The implementation of the National Single Window is one of the important contents to ensure the successful deployment of Digital Customs. So what are solutions to effectively execute the ASEAN Single Window for the implementation of Digital Customs?
It is necessary to develop separate software for Program of Enterprises complying with Customs Law

It is necessary to develop separate software for Program of Enterprises complying with Customs Law

VCN - With over 50,000 businesses completing import and export procedures through Ho Chi Minh City ports, Ho Chi Minh City Customs Department has implemented many solutions to encourage businesses to participate in the Pilot Program to support and encourage businesses to voluntarily comply with customs laws. Deputy Director of Ho Chi Minh City Customs Department Do Thanh Quang shared about these solutions.
The Customs agency has a variety of solutions to support businesses

The Customs agency has a variety of solutions to support businesses

VCN - That is the assessment of Mr. Kwon Yeong Min, Chairman of Hyundai Thanh Cong Vietnam Automobile Manufacturing Company on solutions to support and facilitate import and export activities of enterprises of the Customs agency in general and Ha Nam Ninh Customs Department in particular.

More News

Binh Dinh Customs: Set a goal to upgrade administrative reform

Binh Dinh Customs: Set a goal to upgrade administrative reform

VCN - Setting the goal of upgrading administrative reform, in 2024, Binh Dinh Customs Department has drastically implemented many solutions to create leverage to support businesses and facilitate trade.
The first exam for certificates of training in customs in 2024 is going to take place

The first exam for certificates of training in customs in 2024 is going to take place

VCN - It is expected that from June 5-7, the Council of Examination for Certificates of Training in Customs 2024 (referred to as Examination Council) will organize the examination for certificates of training in customs 2024 at Vietnam Customs School.
Establishing a board of project implementation on building an IT system to implement digital customs

Establishing a board of project implementation on building an IT system to implement digital customs

VCN - The Board of project implementation on building an IT system to implement digital customs is led by Deputy Director General Vietnam Customs Luu Manh Tuong.
Ha Nam Ninh Customs Department promotes dialogue and removes difficulties for enterprises

Ha Nam Ninh Customs Department promotes dialogue and removes difficulties for enterprises

VCN – On May 10, Ha Nam Ninh Customs Department Customs- Business dialogue conference with more 130 processing enterprises in three provinces of Ha Nam, Nam Dinh and Ninh Binh to remove difficulties in implementing Customs policies and regulations.
Deputy Director General Nguyen Van Tho works with FedEx leader

Deputy Director General Nguyen Van Tho works with FedEx leader

VCN – On May 10, Deputy Director General of the General Department of Vietnam Customs (GDVC) Nguyen Van Tho had a meeting with the delegation of FedEx Express Delivery Company, led by Mr. Choo Pin Ang, Executive Director of AMEA Government Affairs .
Customs revenue rises thanks to 3 imported groups

Customs revenue rises thanks to 3 imported groups

VCN - The economy in the first four months of 2024 is showing positive signs when import-export activities recover strongly, pushing up the trade turnover. In particular, both exports and imports recorded strong growth in many groups, contributing significantly to the revenue results of the Customs sector.
Quang Ninh Customs promotes development of Customs broker

Quang Ninh Customs promotes development of Customs broker

VCN - Operation of Customs broker in Quang Ninh province have not achieved the expected goals. Therefore, the development of customs brokers in a modern, professional and reliable manner is an urgent requirement.
Customs deploys 132 full-online public services

Customs deploys 132 full-online public services

VNC - Of the 214 administrative procedures carried out by the Customs agency, there are 132 full-online public services.
Vietnam Customs directs to follow the progress of aviation projects closely

Vietnam Customs directs to follow the progress of aviation projects closely

VCN - The General Department of Vietnam Customs directed the customs departments including Hanoi, Hai Phong, Da Nang, Dong Nai to establish a Working Group to regularly discuss and work with the Project Management Board to grasp the situation and implementation progress of project on building and expanding passenger and cargo terminals at international airports.
Read More

Your care

Latest Most read
Vietnam Customs affirms its role in the international customs community

Vietnam Customs affirms its role in the international customs community

Vietnam Customs has recently promoted cooperation and international integration in the customs field, bringing out many practical results and contributing to affirming the role and position of Vietnam Customs in international forums.
Resolve arising problems to effectively implement ASEAN Single Window

Resolve arising problems to effectively implement ASEAN Single Window

VCN - According to the Customs Information Technology and Statistics Department (under the General Department of Vietnam Customs), during implementing the ASEAN Single Window (including implementing the National Single Window) has emerged some problems th
It is necessary to develop separate software for Program of Enterprises complying with Customs Law

It is necessary to develop separate software for Program of Enterprises complying with Customs Law

VCN - With over 50,000 businesses completing import and export procedures through Ho Chi Minh City ports, Ho Chi Minh City Customs Department has implemented many solutions to encourage businesses to participate in the Pilot Program to support and encoura
The Customs agency has a variety of solutions to support businesses

The Customs agency has a variety of solutions to support businesses

That is the assessment of Mr. Kwon Yeong Min, Chairman of Hyundai Thanh Cong Vietnam Automobile Manufacturing Company on solutions to facilitate import and export activities of the Customs agency
Binh Dinh Customs: Set a goal to upgrade administrative reform

Binh Dinh Customs: Set a goal to upgrade administrative reform

VCN - Having just completed customs procedures to export a shipment of wooden furniture to the US through Quy Nhon port, Mr. Nguyen Van Muoi, Gia Han Interior and Exterior Co., Ltd. shared that the current customs procedures are very fast and convenient.
Mobile Version