Business

State budget revenues from import-export grow 7.4% in five months

TB (according to VNA) • 10/06/2024 09:29

The first five months of 2024 saw the country’s trade volume amounting to some 305.53 billion USD, up 16.6% year-on-year.

Exports and imports handled at Dinh Vu Port, Hai Phong city. (Photo: VNA) — Exports and imports handled at Dinh Vu Port, Hai Phong city

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 budget, with balanced revenues from import-export activities set at 204 trillion VND.

TB (according to VNA)