State budget collection from import-export falls nearly 17% in first 11 months

State budget collection from import-export falls nearly 17% in first 11 months

The State budget collection from import-export activities topped 335.1 trillion VND (13.8 billion USD) during January – November, or 78.9% of the estimate, marking a year-on-year decrease of 16.8%, the General Department of Vietnam Customs said on December 6.
State budget collection from import-export falls nearly 17% in first 11 months ảnh 1The State budget collection from import-export activities during January- November falls nearly 17% year-on-year. (Photo: VNA)
Hanoi (VNA) – The State budget collection from import-export activities topped 335.1 trillion VND(13.8 billion USD) during January – November, or 78.9% of the estimate, marking ayear-on-year decrease of 16.8%, the General Department of Vietnam Customs saidon December 6.

The department blamed the fall to the global economic downturn with most of theeconomies worldwide experiencing a slower growth than expectations, militaryconflicts, fierce competition between powers, and increasing geopolitical instability and food security, as well as climate change.

Besides, domestic purchase power was on slow recovery, while production facedformidable challenges due to weak global demand, it said, adding theimport-export revenue in the 11-month period dropped 8.3% from the same timelast year to 619.17 billion USD.

As the National Assembly set the 2023 State budget collection target at 425trillion VND, the department carried out drastic and uniform measures to facilitatetrade, improve state management efficiency, and prevent budget revenue loss.

Detailed plans were sketched out to renovate and modernise the customs sectorin the year, it said, highlighting the department will continue joining handswith ministries and sectors to carry out the national one-door mechanismand the ASEAN one-door mechanism as well as facilitate trade within the bloc.

Additionally, it will sharpen focus on building a project on developing the ITsystem, and an action plan to implement the national one-door mechanism, whilepromoting logistics industry and facilitate trade during the 2022-2026period./.

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.