Customs Sector Collects VND360 Trillion for State Budget

Export and import duties grossed VND32,490 billion in October, totaling VND362,413 billion in the first 10 months of the year, equal to 103% of the full-year estimate and 86.3% of the target and up 14.6% over the same period of 2021, said the General Department of Vietnam Customs on November 3.

The October export and import value was estimated at US$58.27 billion. Of the sum, exports were estimated at US$30.27 billion, up 1.5% (US$452 million) and imports were worth US$28 billion, down 1.3% (US$382 million).

The export and import value was forecast at US$ 616.24 billion in the first 10 months, up 14.1% year on year or an increase of US$75.94 billion over the same period in 2021. Of the sum, exports were estimated at US$312.82 billion, up 15.9% or an increase of US$42.98 billion; and imports were worth US$ 303.42 billion, up 12.2% or a growth of US$32.95 billion.

As a result, Vietnam had a trade surplus of US$2.27 billion in October and US$9.4 billion in the 10-month reporting period.

Hien Phuc (Vietnam Business Forum)