By the end of October, HCM City Customs Department’s revenue only reached 72.7% of the target. The department is accelerating the revenue collection in the finaltwo months of the year.

A declarant searches declaration information at the Investigation and
Processing Customs Branch (HCM City Customs Department). Photo: T.H

Accelerate revenue collection at border gates 

Customs branches under the HCM City Customs department are making great efforts to accelerate the revenue collection in the last two months of 2020 to achieve the best result.

The Sai Gon Seaport Customs Branch of Zone 1 is assigned arevenue target accounting for 40% of the total revenue target of HCM City Customs Department, so the branch has made great efforts to achieve the target. Deputy Manager of Sai Gon Seaport Customs Branch of Zone 1 Le Nguyen Linh said this year, enterprises have suffered from difficulties which significantly impactedthe branch’s revenue collection. As of November 5, the branch had collected VND 37,037 billion, reaching 82% of the target. To hit the target of VND 44,700 billion, the branch’s task in the last two month is formidable. The branch has worked with some enterprises with large tax amount to understand their import-export plan atthe end of the year to provide solutions to support them and collect the State revenue.

Customs branches assigned major revenue targets like the Investment and Processing Customs Branch, HiepPhuoc Seaport Customs Branch, Tan San Nhat International Airport Customs Branch andSai Gon Seaport Customs Branch of Zone 3 are taking measures to accelerate the revenue collection in the last months of the year. Ofwhich, the facilitation and support for enterprises is the top priority.

Nguyen Xuan Binh Director of the Investment and Processing Customs Branh said in November the branch will hold a consultation with enterprises specialising in export production and processing to remove problems and warn enterprises abouterrors.

According to HCM City Customs Department, in 2020, the department is assigned the revenue target of VND 115,000 billion. As of October 30, the department had collected VND 83,563.52 billion, 72.7% of the estimate, decreasing by 15.9% year-on-year.

Strive for highest revenue 

To hit the highest revenue, the leader of HCM City Customs has directed customs branches to focus on implementing solutions for revenue collection in the finaltwo months of the year.

According to HCM City Customs Department, in 2020, a number of manufacturing, trading, and import-export sectors have negative growth.The business community hassuffered from difficulties, so import turnover in 2020 decreases (about 6.5% to 7%) compared to 2019. Most production and service industries decreased, ofwhich some industries have stagnated or blocked such as commerce, services, tourism, catering, accommodation and entertainment. Total import and export turnover in the first 10 months of 2020 topped USD 93,498 million, down 3.56% year-on-year. The turnover of major import commodity groups saw a deep fall, including iron and steel of US$ 1,402.65 million, decreasing by 26.64% year-on-year; cars of US$ 752.93 million, declining by 31.54% andpetroleum products of US$ 1,251.63 million, falling 42.08%.

HCM City Customs Department forecasts the total import and export turnover in 2020 reached US$ 114,500 million, a decrease of 4% year-on-year. The revenue in 2020 is estimated at VND 101,000 billion or more, reaching 87.8% of the estimate and 83.5% of the desired target and falling 14.9% year-on-year. The leader of HCM City Customs Department directed subordinate units to focus on revenue collection, ensuring sufficient and accurate revenue, and creating all favorable conditions for the business community for quick customs clearance; strengthen the prevention of smuggling and trade fraud, striving to achieve the highest revenue.