Accordingly, since August, the state budget revenue collection of the entire Customs sector has stagnated and declined sharply compared to the first 7 months of the year.

The Import-Export Duty Department (General Department of Vietnam Customs) assessed that the reason is the decrease in import turnover of some large-value items with high tax rates.

Especially in the early days of September, when super typhoon number 3 (Yagi) ravaged, causing flooding, flash floods, and landslides in most northern provinces, severely affecting the import and export turnover of goods.

According to the Import-Export Duty Department, the total import and export turnover of the whole country from September only reached US$65.8 billion, down 8% (equivalent to a decrease of US$5.7 billion) compared to August.

Of which, export turnover reached US$34.04 billion, reducing 9.9%, and import turnover reached US$31.8 billion, declining 5.9% compared to August.

Tan Thanh Customs officers inspect imported machinery. Photo: H.Nụ

At the same time, the total import and export turnover subject to tax of the whole country from September only reached US$11.9 billion, down 7.9% (equivalent to a decrease of US$1.03 billion) compared to August.

Of which, taxable imports reached US$11.4 billion, drop 8.5% compared to August.

The decline in turnover has caused the total state budget revenue of the Customs sector in September to reach only VND 31,126 billion, decreasing 12.4% compared to August.

Representatives of the Import-Export Duty Department said that the import turnover of some large-value items with high tax rates decreased, such as ores and minerals decreased by 38.9% in volume and 35.5% in value, reducing revenue by VND 253 billion; various types of coal decreased by 26.8% in volume and 34.6% in value, reducing revenue by VND 663 billion; plastic raw materials decreased by 14% in volume and 14.7% in value, reducing revenue by VND 257 billion; machinery, equipment, tools, and spare parts decreased by 11.3% in value, reducing revenue by VND 659 billion compared to August.

For the remaining 3 months of 2024, the General Department of Vietnam Customs requires customs departments of provinces and cities to strictly implement state budget revenue management; strengthen the review and grasp of revenue sources; research, propose and implement solutions to increase revenue and prevent revenue loss; proactively assess the impact of international integration commitments on state budget revenue.

In addition, focus on reviewing and grasping the situation of tax debts; classify debt groups, the status of tax debts of enterprises, and propose appropriate handling measures; resolutely handle, enforce, and recover tax debts according to the law, reduce tax arrears, and regularly publicize enterprises owing tax debt; do not allow new debts to arise, and do not allow debts at the end of December 2024 to be higher than at the end of December 2023.