The tax revenue of HCM City Customs Department in August fell to VND7,000 billion (more than US$305,000), the department reported.

Customs officers of 1st Sai Gon Seaport Customs Branch
carry out procedures for businesses.

According to the local customs department, it has collected VND7,063 billion in August, a decrease of more than US$900 billion compared with the period year and some VND2,800 billion from a month ago.

The decrease in imports of major goods with a high tax rate has had a great impact on the department’s revenue.

As of August 15, the department’s revenue saw a year-on-year rise to 24.1% to VND75,069 billion.

In the final months of the year, the department will continue to provide solutions for revenue collection and support firms to boost import and export across HCM City-based seaports.