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Customs sub-department posts 200 percent increase in budget collection

Updated: 21:23, 11/03/2021
(BGO) - The customs sub-department in charge of industrial zones in Bac Giang province said it had collected 380 billion VND (16.6 million USD) for the State budget since the beginning of this year, a year-on-year increase of 200 percent.
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Ha Phong Export Garment Joint Stock Company (Hiep Hoa district) is one of the two garment companies with the highest export turnover in the province. Illustrative photo.

Duong Minh Duc, Director of the sub-department, attributed the outcome to new policies that make export and import taxes increase and the contribution of some new enterprises. In addition, the sub-department fixed tax rates on goods of enterprises without full invoices, collecting nearly 100 billion VND (4.34 million USD) for the budget.

The sub-department is managing more than 1,000 enterprises, of which 350 regularly carry out import and export declaration procedures in the province. According to the assigned plan, this year the unit strives for about 1.33 trillion VND (58 million USD) in budget collection.

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