The northern province of Quang Ninh estimates that more than 9.4 trillion VND (nearly 369.3 million USD) in export and import tariffs will be collected for the state budget during the first half of 2024, up 21% year on year.
Trucks carrying goods through Bac Luan 2 Border Gate of the Mong Cai International Border Gate in Quang Ninh province (Photo: VNA)
Quang Ninh (VNA)♛ – The northern province of Quang Ninh estimates that more than 9.4 trillion VND (nearly 369.3 million USD) in export and import tariffs will be collected for the state budget during the first half of 2024, up 21% year on year.
The provincial Customs Department said the sum is equivalent to 76% of this year’s target.
In particular, the customs sub-department at Cam Pha Port has collected an estimated over 4 trillion VND for the budget, representing more than 60% of this year’s target.
Head of the sub-department Ngo Xuan Hiep said the coal import volume surged during the first months of 2024, so revenue from this commodity makes up over 90% of his unit’s total collection.
Coal imported via Cam Pha is predicted to reach 17 - 20 million tonnes this year, he noted.
The Quang Ninh Customs Department was assigned to collect more than 13 trillion VND for the state budget in 2024.
To that end, it will continue ordering its subordinate units to take drastic actions, including reviewing the revenue sources that still have room to be tapped into, and preventing losses.
The department is coordinating with authorities at border gates to effectively take measures for attracting businesses, increasing the volume of goods traded through the province, accelerating customs clearance, and facilitating export and import via border gates and crossings. It will also perfect and improve working groups’ capacity to better give guidance to and settle obstacles facing businesses, the department added./.
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Total state budget revenue from import-export activities reached almost 165.7 trillion VND (nearly 6.63 billion USD) in the first five months of 2024, equivalent to 44.2% of the assigned estimate and marking 7.4% growth compared to the same period last year.
The General Department of Taxation on June 5 reported that the total State budget collection of the tax sector in the first five months of this year was estimated at 767.41 trillion VND (30.19 billion USD), equivalent to 51.6% of the yearly projection and representing a year-on-year rise of 14.9%.
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