It is estimated that if low-value goods worth less than 1 million VND are subject to a 10% VAT rate, State budget revenue could increase by around 2.7 trillion VND (105.6 million USD).
The import value of computers, electronic products and components reached 4.52 billion USD in the first half of December, according to the General Department of Customs.
Vietnam exported 7,260 tonnes of rubber to Malaysia, valued at 11.5 million USD in October, surging by 861% in volume and 1,240% in value year-on-year, according to the General Department of Customs.
Vietnam imported 1.2 million tonnes of hot rolled coil (HRC) steel in September, a 34% increase compared to August, according to data from the General Department of Customs.
Vietnam is the second-largest supplier of coffee to the United Kingdom (UK). The average export price of Vietnamese coffee to the UK in the first half of 2024 reached 3,941 USD per tonne, an increase of 68.4% compared to the same period last year.
ietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Vietnam remained the world's second-largest footwear exporter in February, after China, with a turnover of 1.17 billion USD, according to statistics released by the General Department of Customs.
The State budget revenue from export-import activities in the first two months of this year reached 56.42 trillion VND (2.35 billion USD), or 15% of the estimate, down 2.4% year on year, reported the General Department of Customs on March 4.
The General Department of Customs on October 4 reported that its state budget collection stood at 268.69 trillion VND (10.99 billion USD) between January and September, decreasing by 18.6% compared to the same period last year.
Vietnam’s fertiliser import volume reached the highest in more than two years in August, according to the General Department of Customs, while prices fell over the previous year.
There have been encouraging signals in the past two months as enterprises and state management agencies have been actively implementing solutions to regain rice export momentum.
China has approved another 47 farming area codes and 18 packaging facility codes for importing durian from Vietnam, according to Ministry of Agriculture and Rural Development.
Vietnamese wood and wooden furniture enterprises have been facing many difficulties as export orders have dropped 50-60% since the beginning of this year, pushing firms to cut off at least half of their production capacities.
Task forces in the northern port city of Hai Phong seized about 7 tonnes of tusks hidden in a container arriving at Nam Dinh Vu Port from Africa on March 20, according to the General Department of Customs.
Two-way trade between Vietnam and India saw a yearly increase of 13.6% to US$15.05 billion in 2022, statistics from the General Department of Customs showed.