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

05-Jun-2020 Intellasia | Nhan Dan | 6:02 AM Print This Post

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 percent 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 $19.4 billion worth of goods while exporting $18.5 billion, leaving a trade deficit of $900 million.

However, total exports in the January-May period outstripped imports during the same time by $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 percent from last year’s figure to an estimated $196.8 billion. trillion-in-five-months.html


Category: Economy, Vietnam

Print This Post