Customs collects nearly VND228 trillion
VietReader 2-10-2020, 15:31

Customs collects nearly VND228 trillion
The import-export turnover in the last months of the year could see prosperity but it is not stable, making the task of budget collection of the Customs sector face many difficulties. Photo: T. Binh.

Revenue in September raised the budget revenue from the beginning of the year to the end of September to VND227,933 billion, equivalent to 67.4% of the estimate, reaching 64.2% of the target, down 13.15% over the same period in 2019.

In terms of import and export turnover, revenue in September was estimated at US$51.5 billion, up 2.1% over the previous month. In which, total export value was US$27.5 billion, down 0.7% and total import value was US$24 billion, up 5.6%.

Motivated by the above developments, Vietnam’s merchandise trade balance in September was estimated at a surplus of US$3.5 billion.

Thus, by the end of September, the total value of import and export was estimated at US$388.73 billion, up 1.8% over the same period in 2019; of which total export value was US$202.86 billion, up 4.2% and total import value was US$185.87 billion, down by 0.8%.

Vietnam’s merchandise trade balance in the first nine months of the year was estimated at a surplus of US$16.99 billion.

Two export commodity groups saw a remarkable decline in September,namely crude oil and ores.

Specifically, the export of crude oil in September was estimated at 610,000 tons, down 16.2% and valued at US$210 million, down 12.9% compared to August 2020.

In the first nine months of the year, the export volume of crude oil was estimated at 4,089 million tons and valued at US$1,363 billion; up 40.9% in volume and down by 8.6% in value over the same period in 2019.

Export of ores of all kinds were estimated at 250,000 tons, down 24.3% and valued at US$14 million, down 45.7% compared to August 2020.

In the first nine months of the year, the export volume of ores was estimated at 2,399 million tons, worth about US$181 million; estimated to a year-on-year increase of 3.6% in volume and 4.6% in value.

Meanwhile, on the import side, computers, electronic products and components remain items with the largest turnover.

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Imports of this commodity group in September were estimated at US$6.3 billion, up 4.5% from the previous month; raising import value in the first nine months of the year to US$ 45.05 billionor 17.8% over the same period in 2019.

By Thai Binh/ Huyen Trang

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