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.
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