Vietnam’s tariff revenues reach nearly VND123.5 trillion in five months

Data released by the General Department of Customs on June 6 showed tariff revenues in May stood at VND21.257 trillion (US$916.5 million).

Last month, Vietnam imported US$19.4 billion worth of goods while exporting US$18.5 billion, leaving a trade deficit of US$900 million.

However, total exports in the January-May period outstripped imports during the same time by US$1.88 billion, according to official data.

Due to the coronavirus pandemic, Vietnam’s total export and import turnover in the first five months of 2020 fell 2.8% from last year’s figure to an estimated US$196.8 billion.