30.03.2021, 12:33

Customs sector collects over VND84 trillion for State budget in Q1

Customs sector collects over VND84 trillion for State budget in Q1

Containers at the Cai Mep International Terminal in Ba Ria-Vung Tau Province. The State budget collection of the customs sector amounted to VND28.6 trillion between March 1 and 28, taking the sector’s total collection to over VND84.2 trillion in the year to March 28 – PHOTO: ANH QUAN

HCMC – The State budget collection of the customs sector amounted to VND28.6 trillion between March 1 and 28, taking the sector’s total collection to over VND84.2 trillion in the year to March 28, meeting 25.4% of the target and expanding by 13.6% year-on-year, the General Department of Vietnam Customs said on March 29.

The positive figures were driven by the increment in import-export activities, according to the general department.

In March, Vietnam saw its import-export value hit an estimated US$55.5 billion, up 35.9% month-on-month, with export revenue amounting to US$28 billion and import turnover totaling an estimated US$27.5 billion, up 38.6% and 33.1%, respectively.

Between January and March, the total import-export value reached an estimated US$151.4 billion, up 23% year-on-year, the local media reported.

In the first quarter of the year, Vietnam exported goods worth an estimated US$76.7 billion, up 21%, while spending US$74.6 billion on imports, up 25.1% year-on-year, resulting in a trade surplus of US$2.1 billion.

Among Vietnam’s key export earners, the export of wood and woodwork reached US$3.7 billion in the three-month period, up 41.5% year-on-year, while the export value of footwear rose by 13.5% at US$4.7 billion.

On the import side, the country’s main imports in the first quarter of 2021 were computers, electronic products and accessories that reached an estimated US$16.5 billion, up 19.8% year-on-year; machines; phones and phone parts.