Vietnam’s tariff revenues reach nearly VND123.5 trillion in five months

Wednesday, 2020-06-03 11:32:25
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Tariff revenues in May stood at VND21.257 trillion (US$916.5 million).
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NDO - The Vietnamese government’s revenue from customs duties in the first five months of 2020 was estimated at VND123.484 trillion (US$5.3 billion), down 17.18% from the same period of 2019.

Data released by the General Department of Customs on June 6 showed tariff revenues in May stood at VND21.257 trillion (US$916.5 million).

Last month, Vietnam imported US$19.4 billion worth of goods while exporting US$18.5 billion, leaving a trade deficit of US$900 million.

However, total exports in the January-May period outstripped imports during the same time by US$1.88 billion, according to official data.

Due to the coronavirus pandemic, Vietnam’s total export and import turnover in the first five months of 2020 fell 2.8% from last year’s figure to an estimated US$196.8 billion.