State Budget Revenue Tops US$6.1 Bln in Jan-May

2:31:35 PM | 4/6/2019

The State budget revenue of the customs sector reached VND140,957 billion (US$6.1 billion) in the year to May 26, equaling 44.68% of the target and rising 22.74% from the same period of 2018, said the General Department of Vietnam Customs. In May, export and import activities paid VND25,778 billion (US$1.12 billion) to State coffers on higher import value than the previous month.

In May, most exports slightly increased over the previous month.

Specifically, the country fetched US$2.6 billion from garment and textile exports, 11% higher than April; US$2.7 billion from computers, electronic products and components, up 4.9%; US$1.45 billion from machinery and equipment, tools and parts, up 8.5%.

Vietnam also earned US$1.75 billion from footwear exports, up 20.2%; US$750 million from seafood, up 18.3%; and US$880 million from wood and wooden products, up 2.6%.

The nation also got US$750 million from exported vehicles and parts in May, up 12.6%; and US$380 million from iron and steel, up 1.7%.

Only telephone and parts shipment marginally slid 0.9% from the previous month to US$3.85 billion in May.

Vietnam’s export and import value was estimated at US$202.02 billion in the first five months of 2019, up 8.5% year on year, of which exports accounted for US$100.74 billion, up 6.7%, and imports were projected at US$101.28 billion, up 10.3%. Therefore, Vietnam ran a trade deficit of US$1.3 billion in May and US$548 million in the year to the end of May.