Thanh Hoa Customs: Crude oil accounts for more than 82% of total budget revenue

(HQ Online) - According to the Professional Department (Thanh Hoa Customs Department), as of mid-March, the state budget revenue at Thanh Hoa Customs Department reached more than 3,832 billion VND, reaching 28.2% of the target, an increase of 18.4% over the same period in 2023.

Professional activities of Thanh Hoa Customs Department officials. Photo: Ngoc Linh

Notably, revenue from imported crude oil accounts for a large proportion of the unit's budget revenue structure.

As of March 14, 2024, there were 8 crude oil import shipments completing customs procedures, the import volume reached nearly 2.2 million tons equivalent to 15.7 million barrels, the average crude oil price reached 80 USD/barrel, the average VAT amount reached 396 billion VND/oil shipment. The state budget revenue from imported crude oil reached more than 3,170.9 billion VND, accounting for 82.7% of the total budget revenue of Thanh Hoa Customs Department.

In addition to the main source of revenue from imported crude oil, revenue from other imported goods reached more than VND 553.2 billion, accounting for 14.5% of total revenue. The above revenue mainly comes from imported raw materials for production of investment projects in Nghi Son Economic Zone such as: scrap iron and steel, coal, petrochemical refining materials (chemicals, catalysts), equipment, spare parts, refined palm oil, etc.

Budget revenue from exported goods only accounts for a very small proportion in the revenue structure, reaching more than 107.9 billion VND, accounting for 2.8%. Therefore, although there is an increase or decrease in each group of exported goods such as wood chips, limestone, clinker, it does not significantly affect the total state budget revenue of Thanh Hoa Customs.

Source: https://haiquanonline.com.vn/hai-quan-thanh-hoa-dau-tho-chiem-hon-82-tong-nguon-thu-ngan-sach-184124.html