Vietnam's budget revenue from exports, imports down 4.2% in Q1 2024
07 Apr 24 1 min read
Exports fetched $93.06 billion—a rise of 17 per cent YoY, while imports $84.98 billion—an increase of 13.9 per cent YoY, resulting in a trade surplus of about $8.08 billion.
The department was assigned by the National Assembly to collect 375 trillion VND for the state coffer this year, with 204 trillion VND expected to come from exports and imports.
The department said it will continue to reform customs policies and procedures and create a full legal foundation for the building and implementation of a digital and smart customs model, thus facilitating trade and contributing to meeting growth targets, a domestic news agency reported.
- Vietnam's industrial sector recovering, ministry assessment reveals
- Vietnam attracts FDI worth $11.07 bn in Jan-May 2024: MoIT
- Major upgrade planned for Vietnam’s port system by 2030: Reports
- Cambodia requests Vietnam to raise bilateral trade volume to $20 bn
- China's fabric exports rise in Q1 2024; Vietnam leads as top market
- Vietnam top supplier of trousers & shorts to US in Jan-Feb
Customs authorities detected and handled 3,483 cases of smuggling, trade fraud and drug trafficking in the quarter with a total value of about 5.81 trillion VND.
Fibre2Fashion News Desk (DS)
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