Business

State budget revenue from foreign trade tops 38% of target

More than 162.8 trillion VND (6.9 billion USD) in export and import taxes was collected for the state budget as of June 11, equivalent to 38.3% of this year’s target and down 18.1% from the same period of 2022.
State budget revenue from foreign trade tops 38% of target ảnh 1The textile-garment sector is a major contributor to Vietnam's export value. (Photo: VNA)
Hanoi (VNA) – More than 162.8 trillionVND (6.9 billion USD) in export and import taxes was collected for the state budgetas of June 11, equivalent to 38.3% of this year’s target and down 18.1% fromthe same period of 2022.

The statistics was released by the GeneralDepartment of Vietnam Customs on June 13.

For 2023, Vietnam Customs was assigned by theNational Assembly to collect 425 trillion VND for the state budget.

It said that as collecting revenue for the state budget is a focal task ofthe sector, it has taken concerted and strong measures to facilitate trade,improve management efficiency, and prevent tax losses.

In the time ahead, the general department willkeep working closely with relevant ministries and sectors to implement thenational single-window mechanism, along with the ASEAN single-window and tradefacilitation mechanisms to help achieve the set target./.
VNA
#state budget#export and import taxes#foreign trade#General Department of Vietnam Customs#National Assembly#single-window mechanism#ASEAN#updated Vietnam news#Vietnamplus#Vietnam News Agency
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