Thanh Hoa Customs achieves VND10,338 billion in revenue collection

Customs officers of Thanh Hoa Customs Department perform their duties. Photo: Phong Nhân

As of October 31, 2021, the state revenue collection at Thanh Hoa Customs Department reached VND10,338,667 billion, equaling 110.98% over the same period in 2020 (VND10,338,667 billion/VND9,315.5 billion), achieving 101.36% of the target assigned by the Ministry of Finance (VND10,200 billion) and achieved 95.72% of the target assigned by the General Department of Vietnam Customs (VND10,800 billion).

Thus, Thanh Hoa Customs Department has "finished" the task of collecting the state budget in 2021. It is expected that the state revenue in 2021 is estimated at VND11,538 billion, increasing by 8.04% compared to 2020, equaling 113.12% compared to 2020 as assigned by the Ministry of Finance.

Revenue from importing crude oil of Nghi Son Refining and Petrochemical Co., Ltd accounted for 76.8% of the Department's total revenue. The second largest source of revenue comes from chemicals and production materials, accounting for 13.4% of the revenue. It is mainly iron scrap, raw materials, materials, and catalysts involved in the production process.

As of October 31, 2021 total import-export turnover is $9,327.8 million, equaling 128.14% over the same period in 2020. In particular, export turnover is $3,861.4 million, import turnover is $5,466.4 million.

In the future, Thanh Hoa Customs Department will continue to promote administrative procedure reform following the spirit of Resolution No. 02/2021/NQ-CP of the Government, which focuses on removing and resolving difficulties and problems of enterprises; improving the business environment, facilitating enterprises to develop stably and firmly, attract investment to promote economic growth, create a premise to increase revenue for the State budget; strengthen the application of information technology in the management and administration of the unit, ensuring favorable conditions for import and export activities, partly promoting socio-economic development and meeting requirements of organisations and individuals in the field of customs.

In addition, the unit continues to promote synchronous and drastic implementation of trade facilitation solutions, improve the effectiveness of state management, and combat revenue loss through professional measures such as strengthening information collection, identifying signs of risks to take measures to inspect, supervise and control imported and exported goods; conducting valuation inspection on products and businesses that have high potential risk in value, contributing to creating a fair and transparent investment environment, implementing the commitment to accompany enterprises to overcome the Covid-19 pandemic.