Budget revenue from foreign trade rises over 22 percent in Q1

The State budget revenue from export and import reached 107.3 trillion VND (nearly 4.7 billion USD) in the first quarter of 2022, up 22.44 percent year on year.

A footwear factory in Vietnam

This is equivalent to 30.5 percent of the year’s target, according to the General Department of Vietnam Customs.

Also in Q1, the customs sector coordinated with relevant agencies to uncover 3,706 violation cases involving over 1.28 trillion VND worth of goods, collecting over 69.9 billion VND for the budget.

Vietnam Customs said it launched a crackdown on smuggling, trade frauds, counterfeits, and illegal cross-border transportation of goods throughout the Lunar New Year holiday early this year, thereby helping curb the wrongdoings.

Meanwhile, drug trafficking was relatively complicated and serious, the authority noted, adding that it discovered many cases trafficking drugs from the US, Canada, and Europe to Vietnam and from Vietnam to Hong Kong (China)./.

VNA