UNTIL THE END OF THE THIRD QUARTER OF 2017, REVENUES FROM IMPORT-EXPORT DUTY OF CUSTOMS REACHED 75% OF THE ESTIMATE
VCN- According to statistics from Vietnam Customs, until the end of September 2017, the State revenues of the Customs is estimated at 214,000 billion VND, reaching 75% of the estimate an increase of 10.16% compared to the same period in 2016.
 |
| Customs officers of Bac Phong Sinh Customs Branch, Quang Ninh Customs Department inspect goods at border gate. Photo: Thu Trang |
Only in September 2017, total import and export value is estimated at US$ 37.6 billion, a slight decrease of 0.9% compared to the previous month. The total export value is estimated at US$ 19 billion, a decrease of 3.9%. The total import value is estimated at US$ 18.6 billion, an increase of 2.3%. Thereby, tax revenue of the Customs in September 2017 is estimated at 22.000 billion VND.
The import value of some major commodities in September, 2017 decreased compared to the previous month such as machinery, equipment, tools and accessories estimated at US $ 2.9 billion, a decrease 0.7%, Iron and steel at US$ 782 million, a decrease of 1.6%, Chemical at US$ 330 million, a decrease of 3.5%.
However, the import value of many commodities increased compared to the previous month such as: Computer, electronics and parts estimated at US$ 3.6 billion, an increase of 17.4%, mobile phones and accessories at US$ 1.75 billion, an increase of 19.6%, raw materials or textiles and garments, leather and footwear at US $ 440 million, an increase of 1.9 %, Petroleum products at US$ 596 million, an increase of 0.8%, Other metal at US$ 500 million, an increase of 12.3%.
The revenue collection of the Customs in 3 quarters of 2017 showed that if the revenues in the first quarter of the Customs increased by 23.3%, the revenues in the second quarter only increased about 13.6% and the third quarter increased by 9.3% compared to the same period in 2016.
According to Mr. Luu Manh Tuong- Director of Import and Export Duty Department, this is an opposite trend compared to the rules of the previous years. It is shown that the revenue collection of the Customs will be very difficult in the last months of 2017. Although the growth rate of import-export turnover is still high compared to the same period, the increase of revenues has decreased gradually due to the implementation of international commitments and the impacts of FTAs. This has led to the channel transfer of imported goods from countries in the region which are not enjoyed the special incentive tax rate. This directly has affected the revenues of the Customs.
By Thu Trang/Ngoc Loan