In the first six months of 2018, Binh Duong Customs Department collected more than VND5,983 billion, up 7.63% y/y, reaching over 46% of the target set by Ministry of Finance (VND12,900 billion), reaching over 44% of the target set by General Department of Customs (VND 13,500 billion). The total number of enterprises registering to carry out customs procedures at Binh Duong Customs Department in the first 6 months reached nearly 4,600 enterprises, up 5.5% y/y; Total import-export turnover reached nearly $16 billion, up over 13% y/y.
According to Binh Duong Customs Department, budget collection in 2018 is very difficult to units with more than 75% export - import goods in form of processing, export production. In addition, due to effects of the world economic situation, the import value of iron and steel of enterprises decreased; import tariffs under FTAs have been reduced in line with schedule ..., thus affecting the budget revenue of the department. To reach the target of VND13,500 billion, Nguyen Phuoc Viet Dung, Director of Binh Duong Customs Department, said that the department would continue to implement strictly instructions of Ministry of Finance, General Department of Customs on the implementation of budget revenue in 2018; At the same time, asked sub-departments to focus on supporting large enterprises, which account for 80% revenue; continue to simplify administrative procedures, digitize customs procedures, timely solve problems of enterprises via many information channels.
In addition, Binh Duong Customs Department will strengthen training and dialogue for enterprises on new policies; maintain VNACCS/VICS system; apply national OSS mechanism to support and create maximum convenience for enterprises; organize the inspection of the fight against trade frauds through the examination of value, coding, C/O, tax finalization, and post-customs clearance.
Reported by H.A – Translated by Ngoc Huynh
