Customs sector aims to raise state budget collection in 2018 hinh anh 1Minister of Finance Dinh Tien Dung speaks at the event (Photo: VNA)

Hanoi (VNA) – Minister of Finance Dinh Tien Dung has asked the customs sector to raise state budget collection by 3-5 percent higher than the amount assigned by the National Assembly.

The official made the requirement during an online conference held on January 11 to review the sector’s work and launch new tasks in 2018.

To realise the target, Dung asked the General Department of Vietnam Customs (GDC) to tighten post-clearance inspections and intensify the fight against trafficking and trade fraud, along with accelerating the collection of overdue tax.

The minister stressed the role of a legal framework for the national single window and information exchange with trade partners. He also instructed the efficient implementation of the project on monitoring seaports and infrastructure improvement for customs management.

In 2018, the NA tasked the customs sector with the collection of 283 trillion VND (12.46 billion USD) for the State budget in the context of import tax reduction for many commodities under free trade agreements Vietnam has signed with partners.

GDC Director General Nguyen Van Can said the GDC will take measures to prevent tax losses and evaluate impacts of Vietnam’s commitments on international integration on budget collection.

Besides, it will devise appropriate solutions to recover tax overdue, while intensifying the fight against smuggling and trade fraud. 

GDC statistics showed that customs sector collected over 297.08 trillion VND (13.08 billion USD) for the State budget at the end of 2017, a rise of 9.47 percent year-on-year and 4.24 percent higher than the estimated figure adopted by the NA.-VNA