On December 19, the General Department of Customs announced data showing that Vietnam’s total import-export turnover reached 745 billion USD in the period from January 1 to December 14, 2024, recording an impressive growth of 15.3% over the same period in 2023. This result shows the recovery and strong growth of the Vietnamese economy in the context of many fluctuations in the global economy.

Specifically, export turnover reached 384 billion USD, up nearly 14.5%, while imports reached approximately 361 billion USD, up 16.3%. The value of cleared goods grew strongly in both directions and Vietnam’s trade balance of goods had a surplus of 23.4 billion USD, but decreased by nearly 2.3 billion USD compared to the surplus of 25.71 billion USD in the same period last year.

On that basis, the General Department of Customs forecasts that the total import-export turnover for the whole year of 2024 will reach about 782 billion USD with an estimated trade surplus of 23.5 billion USD.

Regarding the State budget collection, the Customs sector has exceeded the estimate assigned by the National Assembly. As of December 14, the State budget revenue from import-export activities reached 402,680 billion VND, exceeding 107.4% of the estimate and increasing by 13.9% over the same period in 2023. It is expected that the total budget revenue for the whole year of 2024 will reach from 418,000 to 420,000 billion VND, equivalent to 111.5% -112% of the estimate, increasing by 13.4% -13.9% over the same period last year.

In addition, the sector’s tax debt collection work has also achieved positive results. As of November 30, tax debt was VND5,418 billion, down 2.5% compared to the end of 2023. The total amount of tax debt collection and settlement reached nearly VND733 billion, of which the Customs Departments of Ho Chi Minh City, Bac Ninh, Binh Duong and Hanoi had outstanding tax debt collection results.

In addition, the General Department of Customs also promoted risk management, implemented the 2024 Risk Control Plan, focusing on analyzing areas and identifying key control points. The topic of Risk Control of Imported Stainless Steel Products detected 45 violations. Along with that, the screening work of the whole industry with a volume of 114,463 containers (an average of 527 containers/day), detected 452 containers of violations, mainly importing prohibited goods, false declaration of quantity, type, fake origin, and goods that do not meet technical standards.

These positive results demonstrate the efforts of the Customs sector in promoting import and export activities, ensuring economic security and contributing to economic development.

Source: VIETNAMPLUS