Bắc Ninh
Budget revenue from import-export activities up 13.5%
State budget revenue from import-export activities in the first nine months of 2024 reached more than 306 trillion VND (12.4 billion USD), accounting for 81.7% of the set target and increasing 13.5% from the same period last year, the General Department of Vietnam Customs (GDVC) has reported.
The country’s total import and export value hit nearly 579 billion USD, up 16.3% year-on-year. Exports were valued at nearly 300 billion USD, marking a 15.4% annual rise, while imports totalled 279 billion USD, up 17.3%, resulting in a trade surplus of 20.8 billion USD.
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The state budget revenue from import-export activities tops 306 trillion VND during the first nine months of 2024, up 13.5% year on year. |
For 2024, the National Assembly has assigned the GDVC to collect 375 trillion VND for the state coffer, with 204 trillion VND expected from import-export activities.
The general department plans to continue reforming customs policies and procedures to ensure effective management, prevent trade fraud, and better perform the tasks of safeguarding national sovereignty and ensuring economic security.
It noted that smuggling and illegal cross-border goods transport remain complex, with a rise in cases showing criminal signs. In the third quarter of 2024, the number of cases investigated by customs authorities increased by 25% year-on-year, and the number of cases transferred to other competent agencies for investigation rose by 50%.
The upcoming state visit to Ireland by General Secretary of the Communist Party of Vietnam Central Committee and State President To Lam, his spouse and a high-ranking delegation of Vietnam is expected to open a new door for the two countries’ trade cooperation, according to insiders.
Minister of Industry and Trade Nguyen Hong Dien and Chinese Minister of Commerce Wang Wentao co-chaired the 13th session of the Vietnam-China Economic and Trade Cooperation Committee in China on September 29.
Economic and trade relations are the key pillar for rapid and strong development, serving as a driving force for the overall relationship between Vietnam and the US. Over the past 10 years, two-way trade turnover has increased nearly fourfold, from 29.07 billion USD in 2013 to over 110.84 billion USD in 2023.
Vietnam posted a trade surplus of 2.41 billion USD with the Philippines in the first eight months of 2024, according to the General Department of Vietnam Customs.
The Vietnam trade mission in Germany coordinated with the Berlin – Brandenburg automotive association (aBB) and authorities of the Vietnamese province of Nam Dinh to hold a roundtable on cooperation in the automobile industry.
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