Revenue from refined sugar soars

VCN – An Giang Customs Department’s revenue from January saw a 70% year-on-year increase, resulting from a surge in refined sugar imports.
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Revenue from refined sugar soars
An Giang Customs officer inspect imported surgar. Photo: Thu Hoa

Revenue from refined sugar soars

According to An Giang Customs Department, the trade across border gates in An Giang province has achieved steady growth. The department has overcome difficulties and assgined officers to perform under the “three-on-the-spot” model at border gates to promptly clear goods for businesses.

Between January and September, the local department’s trade saw a year-on-year increase of 32% to US$1.3 billion, of which, export turnover rose 0.1% to US$859 million and import turnover sureged 248% to US$446.8 million.

Notably, dutiable imports and exports rose over 50% to US$116.7 million. Of those, the trade in refined sugar imports increased 11,003% to US$29.9 million. The revenue from this item increased 10,777% to VND69.5 billion compared with the previous year.

In addition, the import and export turnover in plant protection chemicals also rose 23% to US$27.1 million, scrap increased 89% to US$39.1 million. The revenue surged 198% to VND90.5 billion compared with the same period last year.

However, some items showed a sharp decrease in revenue, such as machinery and equipment down 17% to VND3.3 billion, wood down 48% to 19.7%, cane molasses down 28% to VND6 billion, compared with the same period 2020.

The department’s revenue in this period saw a 71% year-on-year increase to VND242.7 billion. The department expects to collect VND17 billion in revenue in October.

Promptly removing obstacles

From January, Cambodia and Vietnam have taken measures for Covid-19 control and prevention in border areas, so the management of imports, exports and immigration has adjusted in line with reality.

An Giang Customs Department has actively removed obstacles for businesses in carrying out procedures in imports and exports.

Recently, implementing the Government’s Decree 83/2021 on Vietnam’s Special Preferential Import Tariffs to implement the agreement on boosting bilateral trade between Vietnam and Cambodia in 2021-2022, there were some problems related to the implementation of procedures for importing rice from Cambodia.

The department reported the problem to the General Department to instruct businesses in carrying out procedures for importing rice and paddy when submitting C/O form E issued by Cambodia.

Customs branches under An Giang Customs Department have processed dossiers for about 982 million tons of paddy imported from Cambodia.

Through the implementation of solutions to facilitate and raise revenue, the increase in imports and exports across An Giang Border Gates, the department’s revenue has achieved positive results.

Recently, the General Department of Vietnam Customs assigned additional revenue target to An Giang customs department from VND200 to VND256 billion.

To achieve this target, the department has requested branches to assess revenues and create favorable conditions for businesses in customs to increase revenues.

Besides, the department has reviewed goods name, HS code, tax rate and customs value during customs clearance and post clearance audit to handle enterprises that falsely declare HS code and name of goods to enjoy low tax rate or preferential tax rate. The department has focused on inspecting items listed in imports and exports with high risks in classification and tax rate.

By Le Thu/ Ngoc Loan

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