Customs revenue in Quarter 1 decreases by 3% year-on-year

Customs revenue in Quarter 1 decreases by 3% year-on-year

VCN - The total import and export value of the country in the first quarter of 2024 rose 18.2% year-on-year to US$145.59 billion. However, state budget revenue in the first quarter (as of March 15) of the entire Customs sector decreased by 3% year-on-year
Export and import reduced by over 62 billion USD

Export and import reduced by over 62 billion USD

VCN- From the beginning of the year until August 15, 2023, the total export and import turnover decreased by $62.22 billion compared to the same period last year.
Prices of imported gasoline decrease by more than VND4 million/ton

Prices of imported gasoline decrease by more than VND4 million/ton

Compared to the second half of June 2022, the average price (excluding tax) of imported gasoline decreased by about US$185/ton (equivalent to over VND 4 million/ton).
HCM City Customs Department’s revenue plunges

HCM City Customs Department’s revenue plunges

VCN – As of August 15, the department’s revenue saw a year-on-year rise to 24.1% to VND75,069 billion.
Manage to gain export competitive foothold for Vietnamese enterprises

Manage to gain export competitive foothold for Vietnamese enterprises

VCN- Vietnam achieved high export growth due to a combination of many factors.
Pepper exports continue to be quiet in 2021

Pepper exports continue to be quiet in 2021

VCN- According to the the Department of Agricultural Product Processing and Market Development (Ministry of Agriculture and Rural Development), by 2020, export volume and value of pepper will reach 288 thousand tonnes and 666 million USD, an increase of 1
Customs revenue falls 14.66%

Customs revenue falls 14.66%

VCN- However, in the first 10 months of the year, some provincial and municipal customs departments reported good revenue.
Achieving target of pepper export of US$ 800 million will bedifficult

Achieving target of pepper export of US$ 800 million will bedifficult

VCN- Pepper output in 2020 reaches about 240,000 tonnes, a 10% year-on-year decline. This causes more difficulties for exporters. The target of pepper exports of US$800 million in this year is forecast to be difficult.
"Excess capital", interest rates decrease widely

"Excess capital", interest rates decrease widely

VCN- A survey showed a series of large banks not only lowered deposit rates but also sharply reduced lending rates. For example, BIDV’s interest rate applied from July 1 also dropped by 0.3% per year for 1-2 month terms, reached 3.7% per year.
State budget revenue faces difficulties

State budget revenue faces difficulties

VCN- According to the Ministry of Finance, the State budget revenue in the first five months of 2020 reached VND577 trillion, accounting for 38.2% of the estimate, decreasing by 5.9% over the same period in 2019.
Ha Noi’s revenue decreased more than VND1,000 billion because 26 enterprises failed to carry out procedures

Ha Noi’s revenue decreased more than VND1,000 billion because 26 enterprises failed to carry out procedures

VCn- Notably, 10 enterprises have not carried out customs procedures nationwide. The State revenue from these enterprises in 2019 was VND140 billion.
Quang Ninh: Volume of import and export goods decreased sharply

Quang Ninh: Volume of import and export goods decreased sharply

VCN - In the first quarter of 2020, 582 enterprises carried out customs clearance in Quang Ninh province, of which 230 enterprises were in the province and 352 were outside the province.
Nghe An Customs’ revenue affected by Covid-19 pandemic

Nghe An Customs’ revenue affected by Covid-19 pandemic

VCN- In 2020,the Prime Minister, the Ministry of Finance, and the provincial People's Committee assignedestimated revenues from import and export activities in Nghe An province of VND 1,800 billion; the General Department of Customs assigns a target of VND 1,890 billion. Accordingly, Nghe An Customs Department has allocated revenue targets to its custom branches for performance.
Ha Tinh Customs’ revenue down 40 percent

Ha Tinh Customs’ revenue down 40 percent

VCN- According to Ha Tinh Customs Department, in the first two months of the year, import and export turnover reached US$423.2 million, decreasing 45 percent compared to 2019.
Customs’ revenue decreases 7.36% compared to 2019

Customs’ revenue decreases 7.36% compared to 2019

VCN- As of January 31, the total overdue tax debt of shipments cleared and released by Customs increased 3.44 percent compared to December 31, 2019. 
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