The Customs’ revenue reached over VND 254 trillion, up 6.82%

	Customs tries its best to reach the revenue target in the last months
	Customs sector collected 133.5 billion VND of tax debt
	The Customs’ revenue increased due to petroleum import

Customs officers of Da Nang Customs Branch inspect imported and exported goods. Photo: N.L

The total Vietnam’s import and export turnover in October 2018 is estimated at US$ 394.11 billion, up 13% compared to the same period in 2017, of which, export turnover is estimated at US$ 200.27 billion, up 14.2% and import turnover is estimated at US$ 193.84 billion, up 11.8%.

Particularly, in October 2018, the total Vietnam’s import and export turnover is estimated at US$ 41.5 billion, increasing by 2.1% over the previous month, in which export turnover is estimated at US$ 20.8 billion, down 1.5% and import turnover is estimated at US$ 20.7 billion, up 6.1%.

Vietnam’s trade balance in October 2018 is estimated at a surplus of US$ 100 million, thereby, increasing Vietnam’s trade surplus in the first ten months of 2018 to US$ 6.42 billion.

For exports, although the export turnover of mobile phones and accessories in October declined compared to the previous month (it is estimated at US$ 4 billion, down 21.4% compared to the previous month), the export turnover of this item in the first 10 months of the country is estimated at US$ 40.69 billion, up 10.6% compared to the same period in 2017.

For Textiles and garments, the country’s export turnover in October is estimated at US$ 2.7 billion, unchanging compared to the previous month and bringing the export turnover of textiles and garments in the first 10 months to US$ 25.15 billion, a year-on-year increase of 17.1%.

In addition, export turnover items including computer, electronic products and components; machinery, equipment, tools and other spare parts; fishery products; wood and wooden products; means of transport and spare parts; and coffee increased significantly.

For imports, the turnover of computer, electronic products and components in October is estimated at US$ 3.8 billion, up 7.4% compared to the previous month. It is estimated that the country’s import turnover of these items in the 10 months is US$ 34.61 billion, a year-on year increase of 13.2%.

The import turnover of fabrics in October is estimated at US$ 1.05 billion, a month-on-month increase of US$ 1.05 billion, increasing 4.7% compared to the previous month. It is estimated that until the end of October 2018, import turnover of this item reached US$ 10.46 billion, increasing by 12.9% compared to October 2017.

For irons and steel, the import volume in October is estimated at 1.1 million tons, increasing by 0.3% and valued at US$ 817 million, up 3.6% compared to the previous month. The import volume of irons and steels in 10 months is estimated at 11.38 million tons, down 10.5% and valued at US$ 8.33 billion, up 10,6% over the same period last year.

Customs collects over VND 254 trillion, up 6.82% VCN - According to data from the General Department of Customs, by the end of October 2018, ...

The import turnover of Petroleum products in October 2018 is estimated at 700 thousand tons, unchanging compared to the previous month and valued at US$ 510 million, up 1.6%. In the first ten months of 2018, the import volume of this item is estimated at 10.03 million tons, valued at US$ 6.77 billion, down 5.1% in volume and up 20% in value compared to the same period in 2017.

Other common metals, the import volume in October is estimated at 150,000 tonnes, up 19.5 % and valued at US $ 538 million, up 16% compared to the previous month. Import volume in the first ten months is estimated at 1.89 million tonnes, up 31.7% and valued at US $ 6.21 billion, up 29.9% over the same period last year.