General Department of Customs Import and export activities contributed 18% less to the budget.

DNHN - According to the General Department of Customs, the total budget revenue from import and export reached VND 162,803 billion as of the 11th of June, which was 38.3% of the estimate and 18.1% less than the same period in 2022.

The General Department of Customs has synchronously and radically implemented solutions to facilitate trade, improve the efficiency of State management, and prevent corruption after concluding that generating state budget revenue is the most important task of the entire industry. implementing State budget tasks in 2023 will require revenue. By Resolution No. 69/2022/QH15 dated 11/11/2022, the National Assembly assigned the General Department of Customs the VND 425,000 billion State budget revenue estimate.

To implement the National Single Window, the National Single Window, and the National Single Window, the General Department of Customs has developed a detailed plan for implementing key sectoral modernization and development activities in close coordination with ministries and divisions. Single Window for ASEAN and ASEAN Trade Facilitation. Promote the logistics industry and trade facilitation from 2022 to 2026 and submit a report to the Ministry of Finance for Government approval.

Despite the renovation, the General Department of Customs collected and paid the State budget of the entire industry in the first five months of the year. The total import-export value of the entire country was only 262.54 billion USD, a decrease of 14.7% (equivalent to a decrease of 45.5%, or 42 billion USD) compared to the same period in 2022. In which the estimated export value was 136.17 billion USD, down 11.6% (equivalent to 17.93 billion USD) from the same period in 2022, and the estimated import value was 126.37 billion USD, down 17.9% (equivalent to 27.49 billion USD) from the same period in 2022.

From May 1 to May 31, the entire customs sector collected only VND 30,054 billion, a decrease of 6.23 percent compared to April.

According to the Import and Export Tax Department (General Department of Customs), the revenue in May was lower than in April due to a decrease in the taxable import turnover of certain high-revenue items, such as CBU automobiles of all types. 7.6 thousand units worth 189.5 million USD, down 37.8% in volume and 33.6% in value, reducing revenue by 1,287 billion dongs; iron and steel of all types reached 675 thousand tonnes worth 555 million USD, down 22.1% in volume and 16.6% in value, reducing revenue by 253 billion dongs; phones and components reached USD 166 million, down 27.1%, reducing revenue by VND 180 billion.

According to the Import-Export Tax Department, Vietnam recorded for the first time in the first five months of the year a greater number of enterprises temporarily and permanently withdrawing from the market than enterprises entering and reentering the market.

Along with the tightening of monetary policy, the Russia-Ukraine conflict retards the recovery of the global economy, resulting in a sharp decline in the shopping behavior of consumers around the world. Simultaneously, the global supply chain continues to be vulnerable to disruption and disruption, resulting in a variety of consequences for import-export activities and economic growth.

In addition, major economies that are Vietnam's export partners, such as the United States and the European Union (EU), reduced their procurement targets for conventional and luxury products, resulting in a decrease in the volume of orders, particularly for industries such as textiles, leather and footwear, production of beds, cabinets, tables and chairs, metal production, and petrol prices that fluctuate frequently.

In the first five months of the year, the country's total taxable import and export value decreased, according to the Import-Export Tax Department.

PV (Synthesis)