Hai Phong Customs Collects Nearly VND21 Trillion for State Budget

Automobiles, machinery, equipment, petroleum and auto components are key sources of tax income for the State Budget at Hai Phong Customs Department.

The Hai Phong Customs Department reported collecting VND20,772 billion for the State Budget in the year to the end of April, equal to 37.1% of the full-year estimate (VND56,000 billion), an increase of VND2,361 billion or 12.83% from the same period of 2020 (VND18,411 billion). The monthly average approximated VND5,200 billion.

Hai Phong City alone fetched VND18,130 billion, equaling 36.6% of the full-year estimate (VND49,500 billion), an increase of VND2,021 billion or 12.54% from a year-ago period (VND16,109 billion). Hai Duong, Hung Yen and Thai Binh provinces, also administered by the Hai Phong Customs Department, collected VND2,642 billion, equal to 40.65% of the estimate, an increase of VND341 billion or 14.81%, from the same period of 2020 (VND2,301 billion).

Remarking on the reason for the budget revenue growth, a representative of the Import and Export Tax Bureau (Hai Phong Customs Department) said that, to strive to complete and exceed the revenue target, right from the beginning of this year, the Hai Phong Customs Department adopted a lot of measures to facilitate trade, enhance administration performance and prevent revenue leakage in 2021. The agency has accelerated administrative reform and customs modernization, applied information technology to professional activities in order to reduce customs clearance time, and facilitate import and export, means of transport and entry and exit passengers.

Meanwhile, the department has focused on communication, support, and legal advice on customs to the business community for better regulatory compliance and promptly solved problems for enterprises within its jurisdiction.

By adopting solutions to facilitate economic recovery in the first months of the year, import and export value at the Hai Phong Customs Department increased dramatically, especially automobiles, equipment, auto parts, and petroleum.

From January to April, the import and export value through the department reached US$29.531 billion, up 23.5% year on year. On the import side, automobile value grossed US$363 million, up 34.6%; machinery and equipment value topped US$ 1,572 billion, up 14.5%; petroleum products valued US$235 million, up 58.8%; auto parts amounted at US$121 million, up 29.5%; confectionery and sugar was worth US$91 million, up 27.9%; and motorcycles and parts were valued US$ 6 million, up 29.9%.

Key growth-driving exports included wood products and aluminum products. The former fetched US$19 million, up 1,340 times; and the latter made nearly US$16 million, up 75%.

To achieve the target, in the last eight months of the year, the Hai Phong Customs Department will have to collect VND35,228 billion, or more than VND4,400 billion a month. This is completely feasible, based on the performance in the past months of the year. However, the recent complicated outbreak of COVID-19 epidemic will require a greater effort by the Department to effectively realize its dual goal: Successfully fighting the pandemic and clearing export and import flows with good customs administration.

By Le Hien, Vietnam Business Forum