Business

Budget collection from exports-imports up 8.4% in H1

State budget collection from Vietnam’s export-import activities reached 200.46 trillion VND (8.35 billion USD) in the first half of 2024, equivalent to 53.5% of the target and up 8.4% year-on-year, said the General Department of Vietnam Customs (GDVC) on July 9.

At Moc Bai International Border Gate (Photo: VNA)
At Moc Bai International Border Gate (Photo: VNA)

Hanoi (VNA) – State budget collection from Vietnam’s export-import activities reached 200.46 trillion VND (8.35 billion USD) in the first half of 2024, equivalent to 53.5% of the target and up 8.4% year-on-year, said the General Department of Vietnam Customs (GDVC) on July 9.

This strong performance came amid a surge in overall trade. Vietnam’s total export-import turnover reached 369.62 billion USD during the period, up 16% annually.

Exports grew at a slightly slower pace than imports, rising 14.9% to 190.73 billion USD. Imports, on the other hand, jumped 17.3% to 178.88 billion USD, resulting in a trade surplus of 11.85 billion USD.

Looking ahead, GDVC Director General Nguyen Van Can highlighted several key tasks for the remainder of this year. These include fulfilling budget revenue collection targets; combating crime, smuggling, and trade fraud; launching smart and digital border gates, and enhancing public service discipline.

For 2024, the National Assembly assigned the GDVC a target of collecting 375 trillion VND for the state coffer, with 204 trillion VND coming from export-import activities./.

VNA
#State budget collection #export-import activities #General Department of Vietnam Customs Vietnam
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