Outstanding results of customs reform and modernisation contribute to the milestone of US$700 billion in trade

VNC - The administrative reform, modernisation and trade facilitation of the Customs sector has helped Vietnam's import and export turnover exceed the milestone of US$700 billion for the first time while still ensuring security and safety and preventing revenue loss.
Quang Ninh Customs: reforming management model and changing the mindset to support businesses Quang Ninh Customs: reforming management model and changing the mindset to support businesses
Organizing and training human resources to meet the requirements of customs reform and modernization Organizing and training human resources to meet the requirements of customs reform and modernization
Minister Ho Duc Phoc: strengthening tax and customs reform Minister Ho Duc Phoc: strengthening tax and customs reform
Customs officers of the Dong Nai Customs Department inspect imported and exported goods
Customs officers of the Dong Nai Customs Department inspect imported and exported goods

This is an outstanding result for the Customs sector in 2022. It can be seen that the encouraging growth rate after the Covid-19 pandemic resulted from the efforts of the business community to overcome difficulties to stabilise production, maintain the market, and ensure the global supply chain; the drastic direction and management of the Government and the Prime Minister and the accompanying with businesses and people to remove difficulties for production and business activities, and especially the important contribution of the customs sector in supporting import and export enterprises, ensuring raw material sources and supply chain, as well as promoting administrative reform and accelerating customs clearance procedures.

From the beginning of 2022, the General Department of Customs issued a plan to implement Resolution 01/NQ-CP dated January 8, 2022; Resolution 02/NQ-CP dated January 10, 2022, to promote reform of administrative procedures and Resolution 43/2022/QH15 dated January 11, 2022, on fiscal and monetary policies to support the P economic recovery and development program. In addition, the Director General of the Customs issued Directive 439/CT-TCHQ dated February 11, 2022, to enhance the efficiency of budget collection, which indicated general solutions and specific ones for each unit.

Under the Directive, the General Department of Customs requested subordinate and affiliated units to establish working groups to solve problems related to customs procedures for imported and exported goods to speed up customs procedures, improve the business environment, support businesses to develop stably and firmly, attract investment, increase new production capacity, promoting economic growth and creating a premise to raise revenue.

To accompany businesses overcome difficulties and restore production, the General Department of Customs offered policies on an exemption, reduction and extension of taxes and charges to support businesses and business households who faced difficulties such as import tax exemption of about VND3.9 billion under Decision 155/QD-BTC, Decision 436/QD-BTC, Decision 2138/QD-BTC and Decision 1921/QD-BTC; free tax and VAT of VND113 billion on goods imported for the pandemic prevention under Resolution 106/NQ-CP about VND 113 billion; and VAT reduction of VND16,677 billion according to Decree N15/2022/ND-NP.

In addition, in the context of the strong industrial revolution 4.0, the General Department of Customs has launched the electronic tax payment project with 46 banks in response to digital transformation and modernisation.

Further, the General Department of Customs has also worked with the General Department of Taxation to organise business dialogue conferences to remove business problems and difficulties.

Therefore, as of December 15, 2022, Vietnam's import-export turnover officially hit US$700 billion. This is an impressive result of the continuous efforts of the Government, ministries, central and local agencies and the business community.

This result will be an essential basis for ministries and agencies to complete their assigned tasks, restore production, business, and socio-economic development and especially the Finance sector and the General Department of Customs fulfilled the budget task in 2022, boosting Vietnam's trade activities and affirming Vietnam's role in the global supply chain.

In addition to trade facilitation, to improve the efficiency of state management and prevent revenue loss in the budget collection in 2022, the General Department of Customs requested customs units to focus on collecting and analysing information inside and outside the sector, identifying signs of risks to take inspection, supervision and control measures; strengthen post-customs clearance audit, specialised inspection, fight against smuggling and trade fraud; enhance inspection and control of import and export goods at the customs units to create consensus and uniformity in implementation; focus on inspection of quantity, value, code, and origin to detect and promptly handle violations; collect and handle tax debts to realise assigned targets.

Vietnam continuously achieves records in import and export value Vietnam continuously achieves records in import and export value

Thus, the customs collected VND1,170 billion from anti-revenue loss work in the first 11 months of 2022

By Ngoc Linh/ Huyen Trang

Related News

Preliminary assessment of Vietnam international merchandise trade performance in the first 9 months of 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first 9 months of 2024

Highlights 1. According to trade statistics of Vietnam Customs, in September of 2024, a 8.0% downwards in total external merchandise turnover of Vietnam was recorded as compared to the result of August 2024. Exports went down 9.8 %, to USD 34.08 billion and imports decreased 5.9%, to USD 31.76 billion in terms of month-on-month basis. As a result, there was a USD 2.32 billion surplus in Vietnam’s trade balance in this month.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of September, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the second half of September, 2024

The Vietnam Customs Statistics announced that in the second half of September, 2024 the total Vietnam’s exports of US dollars 19.71 billion and imports of nearly US dollars 16.74 billion resulted in a trade surplus of US dollars 2.97 billion.
Top 500 Largest Enterprises in Vietnam in 2024: Affirming the ability to overcome "headwinds"

Top 500 Largest Enterprises in Vietnam in 2024: Affirming the ability to overcome "headwinds"

VCN - On November 8, 2024, Vietnam Report in collaboration with VietNamNet Newspaper announced the VNR500 Ranking - Top 500 Largest Enterprises in Vietnam in 2024. The indicators under the VNR500 Ranking show that the business performance has been positive although there are still "headwinds".
"Explosion" of aviation retail with new services

"Explosion" of aviation retail with new services

VCN - With many large investment projects, Vietnam is considered a potential destination for the aviation trade industry in the Asian region, in which aviation retail will "explode".

Latest News

Appointment of new Directors for the Customs Reform and Modernization Board and Anti-Smuggling and Investigation Department

Appointment of new Directors for the Customs Reform and Modernization Board and Anti-Smuggling and Investigation Department

VCN - On November 21, 2024, at the headquarters of the General Department of Vietnam Customs, Director General Nguyen Van Tho presided over the ceremony to announce the appointment of new leaders for the Customs Reform and Modernization Committee and the Anti-Smuggling Investigation Department.
Binh Duong Seaport Customs Branch supports and facilitates enterprises

Binh Duong Seaport Customs Branch supports and facilitates enterprises

VCN – Binh Duong Seaport Customs Branch (Binh Duong Customs Department) upgrades technology and modern equipment, creating conditions for businesses to clear goods quickly and effectively.
Promoting Vietnam-Laos Customs cooperation

Promoting Vietnam-Laos Customs cooperation

VCN - On November 19, 2024, in Hanoi, Vietnam Customs held the Vietnam - Laos Customs Directors General Conference.
Ho Chi Minh City: Imported gasoline, iron and steel greatly affect state budget revenue

Ho Chi Minh City: Imported gasoline, iron and steel greatly affect state budget revenue

VCN - Carrying out customs procedures for special imported goods, such as iron and steel, gasoline, Saigon Port Customs Sub-department, Region 3 is expected to generate large revenues, but the state budget revenue from these two items has decreased sharply.

More News

Quang Nam Customs facilitates trade and increases revenue

Quang Nam Customs facilitates trade and increases revenue

VCN – Goods imported and exported across Quang Nam province’s border gates surges in the second half of the year. Quang Nam Customs Department has implemented solutions to facilitate enterprises, increasing the State revenue.
Quang Tri Customs: Revenue from imported coal plunges

Quang Tri Customs: Revenue from imported coal plunges

VCN - Coal and wood of all kinds are items that contribute greatly to the state budget revenue of Quang Tri Customs Department, but are fluctuating in a downward direction.
Closely control imported products traded via e-commerce

Closely control imported products traded via e-commerce

VCN – The General Department of Vietnam Customs has directed local customs departments to strengthen control and supervision for imported goods traded via e-commerce.
Mong Cai Customs sets new record in revenue collection

Mong Cai Customs sets new record in revenue collection

VCN - The Mong Cai Border Gate Customs Branch, under the Quang Ninh Customs Department, has set a new record for the highest state revenue collected to date.
Lao Cai Customs attracts over 100 new businesses for customs procedures

Lao Cai Customs attracts over 100 new businesses for customs procedures

VCN - Compared to the same period in 2023, the number of businesses handling procedures at Lao Cai border gate customs branch (under Lao Cai Customs Department) has grown by 109 companies.
Vietnam Customs attends WCO’s flagship conference

Vietnam Customs attends WCO’s flagship conference

VCN - The 2024 World Customs Organization (WCO) Technology Conference and Exhibition with the theme “Digital Frontiers: Customs Embracing Innovation with Traditional and New Partners” hosted by Brazil’s Secretariat of the Federal Revenue, took place from November 12-14, 2024 in Rio De Janeiro, Brazil.
Da Nang Customs joins efforts to establish free trade zone proposal

Da Nang Customs joins efforts to establish free trade zone proposal

VCN - The Da Nang Customs Department is actively collaborating with local authorities and agencies to develop a proposal for the Da Nang Free Trade Zone (FTZ), aiming to drive new economic growth for both the city and the wider region.
Quang Ninh Customs sees revenue boost of nearly VND 900 Billion from new enterprises

Quang Ninh Customs sees revenue boost of nearly VND 900 Billion from new enterprises

VCN - Efforts to attract and support businesses have significantly boosted state revenue for the Quang Ninh Customs Department, thanks to a proactive approach in facilitating customs procedures.
Roadmap set for pilot program of smart border gate initiative

Roadmap set for pilot program of smart border gate initiative

VCN - The General Department of Vietnam Customs has been appointed as the lead agency to implement the tasks outlined in the Prime Minister’s Decision No. 865/QD-TTg, dated August 17, 2024, which approves the pilot program to establish smart border gates at specialized goods transport routes around markers 1119-1120 and markers 1088/2-1089 within the Huu Nghi (Vietnam) – Youyi Guan (China) international border gates.
Read More

Your care

Latest Most read
Appointment of new Directors for the Customs Reform and Modernization Board and Anti-Smuggling and Investigation Department

Appointment of new Directors for the Customs Reform and Modernization Board and Anti-Smuggling and Investigation Department

Director General Nguyen Van Tho presided over the ceremony to announce the appointment of new leaders for the Customs Reform and Modernization Committee and the Anti-Smuggling Investigation Department.
Binh Duong Seaport Customs Branch supports and facilitates enterprises

Binh Duong Seaport Customs Branch supports and facilitates enterprises

VCN - According to Binh Duong Seaport Customs Branch, the branch has processed import and export procedures for over 600 enterprises, up 41% compared to the same period of the year, with import and export turnover of US$431 million, up 12.3% year-on-year.
Promoting Vietnam-Laos Customs cooperation

Promoting Vietnam-Laos Customs cooperation

VCN - In his opening speech at the conference, on behalf of Vietnam Customs, Director General Nguyen Van Tho warmly welcomed Director General Phoukhaokham Vannavongxay, and the high-ranking delegation of Laos Customs for visiting and working with Vietnam
Ho Chi Minh City: Imported gasoline, iron and steel greatly affect state budget revenue

Ho Chi Minh City: Imported gasoline, iron and steel greatly affect state budget revenue

VCN - According to the Saigon Port Customs Sub-department, Region 3, the State budget revenue from gasoline accounts for about 80% of the Sub-department's revenue.
Quang Nam Customs facilitates trade and increases revenue

Quang Nam Customs facilitates trade and increases revenue

VCN - Ky Ha Seaport Customs Branch has processed customs clearance for dozens of import and export shipments of goods across Chu Lai port, the branch has implemented many solutions to allocate human resources to support and facilitate businesses.
Mobile Version