"Trump card" in import-export revenue with the target of 10,408 billion VND

In 2023, Vung Ang Port Customs Branch (Ky Anh Town, Ha Tinh ) was assigned the highest budget collection target ever with 10,408 billion VND.

Import and export activities at Vung Ang port

Mr. Dao Chi Thanh - Head of Vung Ang Port Customs Branch said: "After the severe impact of the COVID-19 pandemic, import-export enterprises in the area continue to face many difficulties when the market is unstable. In particular, the steel market has always had fluctuating prices, causing many difficulties in the production and business activities of Hung Nghiep Formosa Ha Tinh Iron and Steel Company Limited".

According to the construction plan from the beginning of the year, Hung Nghiep Formosa Ha Tinh Iron and Steel Company Limited is expected to pay import and export taxes of more than 9,000 billion VND in 2023. However, up to now, this enterprise has only paid more than 4,600 billion VND.

It is estimated that in 2023, Hung Nghiep Formosa Ha Tinh Iron and Steel Company Limited will pay import and export taxes of more than VND 6,300 billion (reaching 70% of the company's estimate from the beginning of the year). The decrease in revenue from Formosa directly affects the completion of the target of the Vung Ang Port Customs Branch.

Enterprises open declarations at the Customs Branch of Vung Ang port

As of August 25, Vung Ang Port Customs Branch opened 2,925 declarations (up 5% over the same period in 2022) with a total import-export turnover of more than 3,800 million USD (up 9% over the same period in 2022). Thereby, Vung Ang Port Customs Branch collected 5,045 billion VND for the State budget, reaching 48.5% of the 2023 estimate and down 27.9% over the same period in 2022.

The budget collection results have not been as expected, so the Vung Ang Port Customs Branch is strictly implementing the direction of leaders at all levels, overcoming difficulties, and implementing drastic and synchronous solutions to increase the state budget revenue. The unit focuses on administrative procedure reform and customs modernization; strengthening and tightening administrative discipline and order; attracting businesses to open declarations.

Since the beginning of the year, the Vung Ang Port Customs Branch has attracted 8 more businesses to open declarations; bringing the total number of businesses conducting import-export activities through the unit to 54.

Importing machinery and equipment for construction of Vung Ang II Thermal Power Plant contributes to increasing budget revenue for Vung Ang Port Customs Branch

Mr. Ha Huy Lam - Deputy Director of Vietnam Global Transport Joint Stock Company - contractor of Vung Ang II Thermal Power Plant (Ky Anh Town) said: "To facilitate customs clearance for businesses, the Customs Branch of Vung Ang Port has arranged staff to work both night and day shifts to support us. It is expected that upon completion, Vung Ang II Thermal Power Plant will pay the State budget about 1,000 billion VND from importing machinery and equipment for construction. Up to this point, we have paid import tax of about 300 billion VND".

To ensure the completion of the 2023 State budget revenue estimate, currently, the Vung Ang Port Customs Branch is creating maximum convenience for import and export activities, promptly resolving arising problems related to customs procedures, tax policies, tax management, tax collection and payment, tax refund and exemption regimes, etc.

Vung Ang Port Customs Branch is creating maximum convenience for import and export activities.

“The Vung Ang Port Customs Branch is strengthening tax management and tax debt collection; ensuring that all revenue sources are collected correctly, fully and promptly into the State budget; focusing on preventing revenue loss through tax value inspection, classification and application of collection rates; improving the effectiveness of risk management, promoting post-clearance inspection; strengthening customs control, preventing smuggling and trade fraud... Deploying many synchronous and drastic solutions, the unit is striving to achieve the highest budget collection results, completing the assigned target for 2023" - Mr. Dao Chi Thanh - Head of Vung Ang Port Customs Branch said.

Phan Tram

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