State budget revenue from import-export activities up 9.1% in seven months

Handling import and export cargo at Gemalink deep-water port in Phu My town, Ho Chi Minh City. (Photo: VNA)

Total import-export turnover during the period stood at 514.72 billion USD, up 16.3% compared with the same period last year. Exports accounted for 262.46 billion USD (up 14.8%) and imports made up 252.26 billion USD (up 17.9%), resulting in a trade surplus of 10.20 billion USD, down 30.3% from the 14.64 billion USD surplus recorded in the same period of 2024.

Smuggling and illegal cross-border transport of goods remain complex. Domestically, the production and sale of counterfeit and substandard products and goods of unclear origin, as well as intellectual property infringements, have continued openly in many areas and are increasingly prevalent on e-commerce platforms, particularly for goods affecting public health, such as food, pharmaceuticals, and dietary supplements.

Smuggling rings have also exploited favourable trade conditions to commit fraud, with violations concentrated along maritime and land routes. The maritime route accounted for the largest share, with 899 out of 1,790 cases detected (50.2% of total seizures). On land routes, 669 cases were handled in July alone, representing 37% of total incidents, primarily along the Vietnam – China and Vietnam – Cambodia borders.

From January to July, customs forces detected and dealt with 10,351 cases involving goods valued at an estimated 15.1 trillion VND. Ten cases were prosecuted directly by customs authorities, while 68 others were transferred to other agencies for prosecution./.

VNA

Source: https://en.vietnamplus.vn/state-budget-revenue-from-import-export-activities-up-91-in-seven-months-post324376.vnp