State budget revenues from import-export grow 7.4% in five months
Total state budget revenue from import-export activities reached almost 165.7 trillion VND (nearly 6.63 billion USD) in the first five months of 2024, equivalent to 44.2% of the assigned estimate and marking 7.4% growth compared to the same period last year.
Exports and imports handled at Dinh Vu Port, Hai Phong city. (Photo: VNA)
Hanoi (VNA) – Total state budget revenue from import-export activities reached almost 165.7 trillion VND (nearly 6.63 billion USD) in the first five months of 2024, equivalent to 44.2% of the assigned estimate and marking 7.4% growth compared to the same period last year.
According to the General Department of Vietnam Customs (Vietnam Customs), the five months saw the country’s trade volume amounting to some 305.53 billion USD, up 16.6% year-on-year.
Of the total turnover, the export and import value are estimated to hit 156.77 billion USD and 148.76 billion USD, year-on-year increases of 15.2% and 18.2%, respectively, resulting in a trade surplus of 8 billion USD.
For 2024, the National Assembly assigned Vietnam Customs to collect 375 trillion VND for the state bud♎get, with balanced revenues from imp𝓰ort-export activities set at 204 trillion VND./.
Vietnam’s total export-import turnover hit 178.04 billion USD in the first quarter of this year, up 15.5% year-on-year. Exports increased by 17% and imports by 13.9%.
Continuing its 7th meeting, the 15th National Assembly (NA) discussed the approval of the State budget settlement for 2022 on June 7 in a televised plenary session.
Total state budget collection in the first five months of 2024 was estimated to reach 898.4 trillion VND (35.2 billion USD), equivalent to 52.8% of the yearly estimate, representing a year-on-year rise of almost 15%, according to the Ministry of Finance (MoF).
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