Budget revenue from import-export activities up 13.5%

The state budget revenue from import-export activities tops 306 trillion VND during the first nine months of 2024, up 13.5% year on year (Photo: VNA)

Hanoi (VNA) – State budget revenue from import-export activities in the first nine months of 2024 reached more than 306 trillion VND (12.4 billion USD), accounting for 81.7% of the set target and increasing 13.5% from the same period last year, the General Department of Vietnam Customs (GDVC) has reported.

The country’s total import and export value hit nearly 579 billion USD, up 16.3% year-on-year. Exports were valued at nearly 300 billion USD, marking a 15.4% annual rise, while imports totalled 279 billion USD, up 17.3%, resulting in a trade surplus of 20.8 billion USD.

For 2024, the National Assembly has assigned the GDVC to collect 375 trillion VND for the state coffer, with 204 trillion VND expected from import-export activities.

The general department plans to continue reforming customs policies and procedures to ensure effective management, prevent trade fraud, and better perform the tasks of safeguarding national sovereignty and ensuring economic security.

It noted that smuggling and illegal cross-border goods transport remain complex, with a rise in cases showing criminal signs. In the third quarter of 2024, the number of cases investigated by customs authorities increased by 25% year-on-year, and the number of cases transferred to other competent agencies for investigation rose by 50%./.

VNA