HCMC – Vietnam’s state budget revenue from import and export activities totaled VND61.3 trillion by the end of February, up by 8.91% year-on-year, according to the General Department of Vietnam Customs.
The revenue growth was driven by a 10.9% rise in taxable import-export turnover. While taxable exports saw a modest gain of 0.4%, taxable imports surged by 11.5%. Key imports contributing to this increase included raw materials, machinery, equipment, spare parts, completely built-up (CBU) cars, and crude oil, the Vietnam News Agency reported.
Despite these gains, smuggling and trade fraud remain significant challenges. Authorities detected illicit trade in consumer goods, fireworks, gold, and currency along the borders with China, Laos, and Cambodia. Between December 15, 2024, and February 14, 2025, customs officials handled 2,440 violations, with confiscated goods valued at an estimated VND2.79 trillion.
On March 7, Vietnam Customs held a meeting to announce key restructuring decisions issued by the Ministry of Finance. Under the new organizational framework, the agency will operate under a three-tier model comprising the General Department of Vietnam Customs, regional customs offices, and border or off-border customs units.
Following the restructuring, the number of administrative units under the General Department of Vietnam Customs will be reduced from 902 to 485, a 53.77% decrease.
