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Thai Binh Customs Branch earns more than VDN 1 trillion in tax revenue

09:45 | 30/08/2021

VCN – Thai Binh Customs Branch under Hai Phong Customs Department increased by 102% of the annual target set by the Ministry of Finance to about VND1,122.93 billion in tariffs between January and mid-August, said customs authorities.

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Thai Binh Customs Branch earns more than VDN 1 trillion in tax revenue

Customs officials in Thai Binh Customs Branch at work. Photo:Thai Binh

The increase in major imports like petroleum products has helped the branch’s revenue to rise.

Between January and mid-August, 601 enterprises carried out procedures at the branch, a year-on-year increase of 7% with total trade of US$2.94 billion, a rise of 41.68%.

Exports were mainly related to garments, cotton towels, fibres, agricultural products, handicrafts (accounting for more than 80% of exports), garments alone accounted for 70%- 75%.

Items of imports included processing sewing materials, raw materials, and supplies for production, production materials of enterprises producing textiles, garments, fibres and yarns, investment goods as machinery to create fixed assets for investment projects, machinery, components, auto equipment, electronic goods, petroleum product, iron, and steel.

In addition, the branch has also carried out procedures for means of transport on entry and exit and supervised means of transport carrying out transshipment petroleum products imported by Hai Ha Waterway Transport Co., Ltd.

By Thai Binh/Ngoc Loan