The Customs sector collects more than VND360 trillion for the state budget

The result of revenue collection from import and export is better than the last year in 2021. Photo: T.Bình

According to the General Department of Vietnam Customs, the revenues from import-export activities in October reached VND32,490 billion, thereby bringing the total revenue of the first 10 months of the year to VND362,413 billion, equivalent to 103% of the estimates for the whole of 2022, achieving 86.3% of the striving target, an increase of 14.6% over the same period in 2021.

Regarding import and export activities, in October, it was estimated at US$58.27 billion, approximately equal to the import and export value of the previous month (slightly increased by US$70 million). In which, export is estimated at US$30.27 billion, increasing 1.5% (equivalent to US$452 million) and import is estimated at US$28 billion, decreasing 1.3% (equivalent to US$382 million).

The total import-export value of the whole country in the first ten months of 2022 was estimated at US$616.24 billion, rising 14.1%, corresponding to an increase of US$75.94 billion compared to the same period in 2021. In which, exports were estimated at US$312.82 billion, increasing 15.9% (equivalent to an increase of US$42.98 billion) and imports were estimated at US$303.42 billion, rising 12.2% (equivalent to US$32.95 billion).

Thus, in October, the country witnessed a trade surplus of US$2.27 billion. Therefore, from the beginning of the year to the end of October 2022, the country has an estimated trade surplus of US$9.4 billion.