Officer of Express Cargo Customs Procedures Branch. Photo: Ngoc Linh

The export turnover declined by 32.8% to US$ 1.6; the import turnover decreased by 45.3% to VND2.1 billion compared with the previous year. As a result, the taxable turnover fell by 62.9% to US$ 0.72 billion year-on-year.

Due to the sharp decrease in taxable turnover, the department’s turnover went down 45.7% to VND 2,100 billion compared with the year ago.

The turnover of many major commodities fell, affecting the department revenue, such as automobile and motorbike components, telecommunications equipment, and machinery and equipment.

For example, the taxable amount of some auto and motorbike large enterprises fell from tens to several hundred billion VND. The taxable amount of the machinery and equipment group was also reduced by tens of billions of VND.