State budget revenue from import-export down over 19% in H1
The State budget's revenues from export-import activities totaled 183.74 trillion VND (over 7.74 billion USD) in the first six months of this year, making up 43.23% of the estimate, down 19.19% year-on-year, the General Department of Vietnam Customs (GDVC) reported on July 5.
Hanoi (VNA) – The State budget's revenues from export-import activitiestotaled 183.74 trillion VND (over 7.74 billion USD) in the first six months of thisyear, making up 43.23% of the estimate, down 19.19% year-on-year, the GeneralDepartment of Vietnam Customs (GDVC) reported on July 5.
During the period, the country's totalexport-import value was estimated at 316.64 billion USD, down 15.1% year-on-year.
In June alone, the customs sector collected over56 billion USD, marking a month-on-month increase of 3.6%.
This year, the department was assigned by theNational Assembly to collect 425 trillion VND for the State budget.
The agency has implemented concerted and drastic measures to facilitatetrade and improve the effectiveness of state management, and prevent revenueloss in implementing its 2023 tasks.
It will also continue to closely coordinate with relevantministries and sectors to implement the national and ASEAN one-stop-shop customs mechanisms, and focus on promotingthe logistics industry and trade facilitation in the 2022 – 2026 period to reportto the Ministry of Finance for submission to the Government for approval./.
Despite impressive growth in the previous months, Vietnam's export turnover decreased in July compared to June, according to the Ministry of Industry and Trade (MoIT).
State budget collection from export-import activities in January topped 24.8 trillion VND (1.07 billion USD), or 5.8% of the estimate, down 42.3% annually, reported the General Department of Vietnam Customs (GDVC).
State budget collection from export-import activities in the first two months stood at 56.33 trillion VND (2.37 billion USD), or 13.3% of the estimate, down 19.4% year-on-year, reported the General Department of Vietnam Customs (Vietnam Customs).
The State budget's revenues from export-import activities hit over 152.94 trillion VND (6.5 billion USD) in the first five months of this year, making up 36% of the estimate, down 18% year on year, the General Department of Vietnam Customs (GDVC) reported on June 7.
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Illustrative image (Photo: VNA) 
