Customs revenue to surpass target

The budget revenue of the General Department of Vietnam Customs (GDC) surpassed VND261.1 trillion ($11.5 billion , or 91.6 percent of the 2017 target as of November 28.
 

The budget revenue of the General Department of Vietnam Customs surpassed VND261.1 trillion ($11.5 billion ), or 91.6 percent of the 2017 target as of November 28 (Photo: thoibaotaichinhvietnam.vn)

The budget revenue of the General Department of Vietnam Customs surpassed VND261.1 trillion ($11.5 billion ), or 91.6 percent of the 2017 target as of November 28 (Photo: thoibaotaichinhvietnam.vn)

The information was released on Thursday during a press conference held by the GDC. Budget collection for the whole year is targeted to touch VND285 trillion. Collections of the export-import, special consumption and environmental protection taxes reached VND101.7 trillion while those of the value-added tax reached VND183.3 trillion.
November budget revenue is estimated to reach VND25 trillion .
According to Luu Manh Tuong, director of the Import-Export Tax Department, budget revenue in December every year tends to surge as enterprises usually boost the import of goods before the occasion of Tet (Lunar New Year). The department expects this month’s revenue to reach VND26 trillion .
GDC forecasts that budget collection for the whole year will likely surpass the annual target of VND285 trillion, to total VND295 trillion.
From now until the end of the year, the department will instruct local customs departments to tighten the collection and disbursement of the State budget and tackle difficulties in tax policies in a timely manner, GDC said.
The GDC will also increase the implementation of post-customs clearance and inter-sectoral cooperation to prevent and detect trade fraud.
In turn, the local departments must propose measures to prevent losses and increase management by price consultation and price and tax code assessment.
The high revenue was also attributed to the effective instruction of the Party, National Assembly and Government and provinces’ implementation of plans to achieve annual national socio-economic development goals.

Vietnamnews

Other news

Most view

Cao Lanh mango (Source: Internet)

Dong Thap strives to turn mango into key export product

The Mekong Delta province of Dong Thap, the largest mango producer in the region with 9,200 hectares of mangos and a annual output of nearly 100,000 tonnes, is working to turn mango into a sustainable hard currency earner by 2020.

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

DIG issue 14 million shares

Development Investment Construction Joint Stock Corp (DIG)’s shareholders have approved its plan to issue 14.3 million shares in the second and third quarters of 2018.