Business

State budget revenue from imports, exports up 13.2% in January

State budget revenue from exports and imports in January reached 30.64 trillion VND (1.25 billion VND), equivalent to 8.2% of the estimate, and up 13.2% year-on-year, the General Department of Vietnam Customs (GDVC) reported on February 6.
State budget revenue from imports, exports up 13.2% in January ảnh 1At the Kim Thanh II International Border Gate. (Photo: VNA)
Hanoi (VNA) – State budget revenue fromexports and imports in January reached 30.64 trillion VND (1.25 billion VND),equivalent to 8.2% of the estimate, and up 13.2% year-on-year, the GeneralDepartment of Vietnam Customs (GDVC) reported on February 6.

Total export-import value in the first month of theyear was estimated at 64.22 billion USD, a rise of 5.5% month-on-month, withexports up 6.7% to 33.57 billion USD, and imports up 4.2% to 30.65 billion USD.

The GDVC was assigned by the National Assembly tocollect 375 trillion VND for the state coffer this year, with 204trillion VND expected to come from exports and imports.

The agency said it will continue with the reform ofcustoms policies and procedures, ensure state management and prevent tradefraud, while creating a full legal foundation for the building and implementationof a digital and smart customs model, thus facilitating trade and contributing to meetinggrowth targets.

Vietnam's goods imports and exports in 2023 fell shortof the 700-billion-USD mark achieved in the previous year, estimating at 683billion USD, down 6.6% year on year, according to the General Statistics Office(GSO).

Specifically, the country's exports went down by 4.4% while imports dropped by 8.9%, attributed to a decline in the globaldemand.

However, the country achieved a record-breaking tradesurplus of 28 billion USD, significantly surpassing the figure of 12.1 billionUSD recorded last year./.
VNA
#State budget revenue #General Department of Vietnam Customs #export-import value #trade fraud #General Statistics Office #Vietnam #VietnamPlus #Vietnam news
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