Contributions of groups, large items

According to statistics, the total import-export value of Vietnam's goods in the first six months of the year reached US$371.32 billion, an increase of 16.4% over the same period in 2021. In particular, total export value reached US$186.03 billion, rising by 17.3%, while total import value reached US$185.29 billion, growing by 15.5%.

In the first six months of the year, the import and export value of goods concentrated in the Customs Departments; Bac Ninh was US$86.84 billion, increasing by 24.4%; Ho Chi Minh City US$71.49 billion, rising by 11.9%; Hai Phong US$51.91 billion, growing by 18.4%; Hanoi US$31.68 billion, increasing by 36.6%; Binh Duong US$26.56 billion, reducing by 2%; Dong Nai US$21.93 billion, rising by 11%. All of this is compared to the same period in 2021.

These positive results also helped the State budget revenue from import and export activities reach VND226,588 billion, equaling 64.4% of the current appropriation, and 61.2% of the striving target, increasing by 15.4% over the same period last year.

An officer of Hai Phong port area 3 Customs Branch inspects import and export goods. Photo: N.Linh

According to the representative of the Import-Export Duty Department, this positive result is the result of economic recovery and development, creating momentum to complete the socio-economic development goals in the 2021-2025 which are strongly implemented by the Government, the Prime Minister and the ministries, sectors and localities in the implementation of tasks and solutions for economic development.

In addition, entering 2022, as the Covid-19 pandemic is under control, production and business activities of enterprises have returned to normal, the import and export situation is more positive.

Another reason is that the impact of the conflict between Russia and Ukraine has put the price of essential goods in the world market up, especially the price of crude oil, natural gas and liquefied natural gas rose strongest since 2011, leading to strong growth in import and export turnover in the first six months of the year.

The preliminary statistics showed that the country's taxable import-export turnover in the first six months of the year reached US$78.5 billion, increasing by 15.2% over the same period in 2021. In particular, import turnover tax reached US$74.1 billion, rising by 14.1% over the same period in 2021 and export turnover reached US$4.5 billion, growing by 37.7% over the same period in 2021.

Through analyzing each group, the imported products contributed a large amount of revenue because a sharp increase in prices contributed to increasing revenue collection. A representative of the Import and Export Duty Department pointed out that, regarding to coal of all kinds, it reached 16.9 million tons with a value of US$4,334 million, a decrease of 14.8% in volume, but growing by 137% in value. Crude oil reached 4.9 million tons, worth US$3,273 million, reducing by 1.2% in volume but rising by 43.1% in value; petroleum advanced 3.8 million tons, worth US$3,967 million, increasing by 15% in volume and 122% in value.

While the imported CBU cars in the first six months of the year reached 63.6 thousand units, a reduction of 21.4% over the same period in 2021 decreased revenue by about VND1,900 billion.

In addition, the turnover of raw materials for production also increased sharply, contributing to an increase in state revenue such as computers, electronic products and components reaching US$3,277 million, increasing by 32% leading to an increase in the revenue of VND1,129 billion. Textile materials, leather, and shoes reached US$293 million, rising by 32%, resulting in growing revenue of VND1,743 billion.

In the first six months of the year, most of the statistical goods decreased in import volume (except gasoline and crude oil). However, due to the increase in prices, the turnover of these items increased by 24.6%. For items that don’t have statistics, the value increased by 8.9% and the number of receivables only increased by 2.7%.

Determined to achieve the best results

It is forecasted that the world economic situation still has many potential challenges and difficulties in the last six months of 2022 due to the complex developments of the military conflict between Russia and Ukraine, adversely affecting the energy and financial markets, pushing up the input material prices and inflation in many countries around the world. This greatly affects the economy of Vietnam in general, and import and export activities in particular. Meanwhile, in the last months of the year, the Customs authorities continued to implement solutions for tax exemption, reduction and tax refund for auto parts.

HCM City Customs officers carry out procedures for businesses. Photo: Thu Hòa

Faced with this difficult situation, with the determination and efforts of the whole sector, in the last months of the year, the General Department of Vietnam Customs requested its affiliated units to continue to effectively implement Directive No. 439/ CT-TCHQ on synchronously implement trade facilitation solutions, striving to achieve the highest result in revenue collection.

In particular, the General Department of Vietnam Customs requested units to strengthen the fight against revenue loss through supervision and inspection when carrying out customs procedures, post-clearance audits, specialized inspection, and fighting against smuggling and trade fraud while focusing on against fraud in quantity, value, code, origin and trademark.

Furthermore, strictly controlling and promptly detecting illegal transport and smuggling from the inland; importing goods with counterfeit trademarks or infringing intellectual property rights; importing goods that do not conform to the customs declaration in terms of type, quantity and value; goods banned from import; and intentionally consume goods that are under customs supervision (transit goods, temporary import and re-export, processed goods and export production).

Authorities must also be actively reviewing, classifying, recovering and handling tax debts incurred before January 1, 2022, and not allowing new debts to arise in 2022 through inspection and examination, while accelerating the modernization of tax collection management, increasing the number of banks that coordinate in the tax collection and payment electronically 24/7.

The General Department of Vietnam Customs also requested units to strictly implement specialized inspection plans, the internal inspection plan and consider this is an important and regular task of each unit, organization, customs officer and employee in the Customs sector.