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.
The 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./.
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The State budget collection from import-export activities during January- November falls nearly 17% year-on-year. (Photo: VNA) 
