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Home / Economy / Trade - Service
Custom's revenue rising to US$1.8 billion in first 2 months
Nguyen Tung 14:13, 2018/03/07
Vietnam`s import-export duty revenue in the first 2 months of 2018 reached VND42.5 trillion (US$1.8 billion), up 1.6% compared to the corresponding period of last year, according to the General Department of Vietnam Customs (GDVC).
The revenue is equal to 14.5% of the 2018 target of VND293 trillion (US$12.9 billion). 
 
Vietnam's import-export duty revenue in the first 2 months of 2018 reached VND42.5 trillion.
Vietnam's import-export duty revenue in the first 2 months of 2018 reached US$1.8 billion.
In February, Vietnam's customs revenue is estimated at VND18.1 trillion (US$796 million), significantly lower than in January, due to the interference of the Lunar New Year (Tet), stated GDVC.

Vietnam's customs revenue in January was reported at VND23 trillion (US$1.01 billion), up 9.65% over the corresponding period of last year. This is lower than the monthly target of VND24.4 trillion (US$1.07 billion). 

Vietnam's total trade turnover in February reached VND25.9 billion, decreasing 35.7% over January, of which export value saw a decrease of 33.7% to US$13.4 billion, and import value of US$12.5 billion, decreasing 37.6% against the last month. 

In total, in the first two months, Vietnam's trade value is estimated at US$66.16 billion, increasing 19% on-year. Specifically, export revenue was US$33.62 billion, increasing 22.9%, and import revenue was US$32.54 billion, up 15.3%.

 As of March, Woori Bank Vietnam is the latest bank cooperating with GDVC in collecting import-export duty revenue, following GDVC's statement.

Woori Bank is the 6th foreign bank and also the 37th bank that signed with GDVC to collect State revenue.

The move comes in line with GDVC's efforts to  promote revenue collection via commercial banks, especially foreign banks, to provide taxpayers and foreign businesses the most convenient and the fastest tax payment services, as well as to shorten time and further facilitate the trading activities of domestic and foreign businesses, read the statement.
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