Cars is a main import product of Vietnam in 2019 (Photo: VNA) Hanoi (VNS/VNA) - The signing and implementation of free tradeagreements has increased Vietnam's tax collection this year, said Luu ManhTuong, director of Import-Export Tax Department under Vietnam Customs.
According to Vietnam Customs, total tax collection of the sector has so farreached 335.6 trillion VND (14.5 billion USD), an 11.6 percent year-on-yearincrease and exceeding the target of the finance ministry.
At a Vietnam Customs press conference on December 18, Tuong said free tradeagreements between Vietnam and the Republic of Korea (RoK), ASEAN and RoK, andthe Comprehensive and Progressive Agreement for Trans-Pacific Partnership havehelped improve Vietnam’s business climate and created better conditions fortrade.
“The free trade agreements have also expanded investment and trade activitiesof Vietnamese enterprises, having positive impacts on the country’s export andimport,” he said.
Tax collection from export-import activities in the first 11 months of thisyear reached 105.16 billion USD, up 7.97 percent compared to the same periodlast year.
Cars and crude oil are key import products.
Since early this year, more than 135,200 cars worth 2.91 billion USD have beenimported, double the number in the same period last year.
More than seven million tonnes of crude oil were imported in 11 months, costing3.33 billion VND (144,800 USD).
Tax collection from these two products during the period hit 46.08 trillion VND(2.03 billion USD), a year-on-year increase of more than 21.6 trillion VND (939million USD).
Vietnam Customs has cracked down on trade fraud, smuggling and inspectedtax-free and tax reduction cases, said Tuong.
About 992 billion VND (43.1 million USD) of tax arrears have been paid as ofNovember 30.
To facilitate citizens and businesses to pay tax anytime and anywhere, thecustoms authority has signed tax collection agreements with 42 commercialsbanks.
A total 30 banks offer 24/7 online tax payment and others collect directpayment.
Thanks to the system, 96 percent of import-export enterprises have paid taxonline./.
According to Vietnam Customs, total tax collection of the sector has so farreached 335.6 trillion VND (14.5 billion USD), an 11.6 percent year-on-yearincrease and exceeding the target of the finance ministry.
At a Vietnam Customs press conference on December 18, Tuong said free tradeagreements between Vietnam and the Republic of Korea (RoK), ASEAN and RoK, andthe Comprehensive and Progressive Agreement for Trans-Pacific Partnership havehelped improve Vietnam’s business climate and created better conditions fortrade.
“The free trade agreements have also expanded investment and trade activitiesof Vietnamese enterprises, having positive impacts on the country’s export andimport,” he said.
Tax collection from export-import activities in the first 11 months of thisyear reached 105.16 billion USD, up 7.97 percent compared to the same periodlast year.
Cars and crude oil are key import products.
Since early this year, more than 135,200 cars worth 2.91 billion USD have beenimported, double the number in the same period last year.
More than seven million tonnes of crude oil were imported in 11 months, costing3.33 billion VND (144,800 USD).
Tax collection from these two products during the period hit 46.08 trillion VND(2.03 billion USD), a year-on-year increase of more than 21.6 trillion VND (939million USD).
Vietnam Customs has cracked down on trade fraud, smuggling and inspectedtax-free and tax reduction cases, said Tuong.
About 992 billion VND (43.1 million USD) of tax arrears have been paid as ofNovember 30.
To facilitate citizens and businesses to pay tax anytime and anywhere, thecustoms authority has signed tax collection agreements with 42 commercialsbanks.
A total 30 banks offer 24/7 online tax payment and others collect directpayment.
Thanks to the system, 96 percent of import-export enterprises have paid taxonline./.
VNA
