State budget revenue from exports, imports down 4.2% in Q1

– State budget revenue from exports and imports in the first quarter of this year reached 88.35 trillion VND (3.53 billion USD), equivalent to 26.3% of the estimate, and down 4.2% year-on-year, the General Department of Vietnam Customs reported on April 3.

Three-month exports fetched 93.06 billion USD, a rise of 17% compared to the same period last year, and imports, 84.98 billion USD, up 13.9 %, resulting in a trade surplus of about 8.08 billion USD.

The agency was assigned by the National Assembly to collect 375 trillion VND for the State coffer this year, with 204 trillion VND expected to come from exports and imports.

The agency said it will continue with the reform of customs policies and procedures, ensure state management and prevent trade fraud, while creating a full legal foundation for the building and implementation of a digital and smart customs model, thus facilitating trade and contributing to meeting growth targets.

Smuggling, trade fraud, and drug trafficking took place complicatedly in the quarter, it said, noting that customs forces detected and handled 3,483 cases with a total value of about 5.81 trillion VND.