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| Customs officers of Nghi Son port border gate Customs Branch (Thanh Hoa Customs Department) inspect import and export goods. Photo: Thanh Hoa Customs |
The main revenue is from crude oil
Determining budget collection is an important task, Thanh Hoa Customs Department has actively developed plans, focused on administrative reform and maximized trade facilitation, and run electronic customs systems stably. Notably, the declaration of sea transport by electronic means through the E-Manifest system reached 100% and 100% of electronic customs declarations were processed by the VNACCS/VCIS.
In addition, the unit has regularly monitored payments to the state budget of enterprises undergoing customs procedures to promptly assess and forecast the situation. By the end of October 2022, Thanh Hoa Customs Department recorded nearly US$12 billion in trade, up 45.9% year-on-year; exports reached US$3.9 billion and imports US$8.1 billion.
Thanh Hoa Customs Department said the surge in imports and exports year-on-year is due to strong growth of imported groups compared to the same period in 2021, especially crude oil (up 54%), coal (up 465%), machinery and equipment (up 65%).
In particular, the growth in turnover of crude oil (accounting for about 90% of import turnover) is the most important contribution to the growth of total import turnover and revenue of the unit. As of October 24, Thanh Hoa Customs has carried out procedures for 29 crude oil shipments (two more than in 2021), with an import turnover of nearly US$5.5 billion. Total state budget revenue from crude oil is more than VND13,702 billion, accounting for 83.6% of the department’s total revenue. For export turnover, the wood and wood products group saw a sharp growth over the same period last year (120%).
The growth results of import and export activities in the area are proportional to the state budget revenue of Thanh Hoa Customs Department. As of October 24, 2022, the department collected more than VND16,397 billion, equaling 160.2% year-on-year (VND10,235.72 billion), surpassing 49% of the target assigned by the Ministry of Finance (VND11,000 billion) and 37% of the target assigned by the General Department of Customs (VND12,000 billion).
State budget revenue from imported products other than crude oil also reached more than VND2,432 billion, accounting for 14.8% of the unit’s total revenue. In particular, the revenue mainly comes from imported production materials, machinery and equipment of factories in Nghi Son Economic Zone.
In addition, for export products, revenue only accounted for 1.6% or VND262 billion of the department’s total revenue. State budget revenue from exports has increased and decreased unevenly among taxable groups (clinker, limestone, wood chips).
Promoting import and export potentials through Nghi Son seaport
Based on reviewing and evaluating each revenue source, import plans of enterprises in the area and assessing factors affecting revenue etc., Thanh Hoa Customs Department is expected to exceed the newly assigned ambitious target of VND17,500 billion at the end of the year.
This target is feasible because from now until the end of the year, Nghi Son Refining and Petrochemical Co., Ltd. will continue to import crude oil; group of chemicals, production materials (mainly scrap iron, palm oil, coal) continues to maintain the import to ensure production progress; and group of export products is stable.
In addition to the solutions to implement the budget collection tasks set out at the beginning of the year, Thanh Hoa Customs Department is now implementing solutions of the Provincial People’s Committee to promote import-export activities and efficiency of policies of increasing revenue from import and export activities through Nghi Son seaport, contributing to supplementing resources and driving force for the socio-economic development of Thanh Hoa province.
Accordingly, the People’s Committee of Thanh Hoa province requests Thanh Hoa Customs Department implement drastic and effective measures to facilitate trade, improve the effectiveness of state management and combat loss of revenue, striving to complete and exceed the annual state budget revenue estimate; promptly solve difficulties and problems in the customs procedures, customs clearance of goods and production and business activities of enterprises; assume the prime responsibility for, and perform the estimation and statistics of annual turnover and budget revenues from imports and exports through Nghi Son seaport; work with the Department of Finance, the State Treasury of Thanh Hoa, the Tax Department of Thanh Hoa province to implement the policy of increasing revenue.
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Furthermore, Thanh Hoa Customs is asked to actively coordinate with relevant units, attract import-export enterprises to carry out procedures at Thanh Hoa Customs Department; disseminate the investment environment and investment attraction policies of the province; organize periodic business dialogue conferences to quickly understand and solve problems related to administrative procedures of importers and exporters, contributing to creating a convenient environment for customs administration and attracting enterprises to carry out procedures in the area.