Want to be in the loop?
subscribe to
our notification
Business News
CUSTOMS TO UPDATE OPERATIONS
Tuc said that the customs authorities would enhance co-operation with relevant ministries to accelerate the simplification of import-export related administrative procedures, such as national and ASEAN single window mechanisms and special checks on imported and exported products.
The effort aimed to reduce the customs clearance time for imported and exported goods equal or even lower to ASEAN-4's average, following the Prime Minister's Decision 253/QD-TTg issued recently about thrift practice and waste combat.
This was one of the four major tasks of the Customs General Department this year – the first year of a new five-year customs modernisation plan, in addition to fulfilling budget collection targets, enhancing customs supervision and developing a healthy customs staff.
Minister of Finance Dinh Tien Dung urged the customs authorities to enhance the efficiency of smuggling prevention, seeing the important role of the customs departments in the battlefield against smuggling.
Official statistics revealed that last year, the customs authorities handled more than 19,700 violation cases, worth VND462.5 billion (US$20.6 million) of goods, and collected VND232.5 billion ($10.3 million) of fines to the budget.
At the end of last year, the customs authorities signed up with 28 commercial banks to collect the budget through banks to make it convenient for tax-payers.
Last year, the customs departments collected more than VND261.8 trillion ($11.64 billion) to the State budget, equal to 100.7 per cent of estimate.
Source: VNS
Related News
BANKS LAUNCH CROSS-BORDER QR PAYMENTS TO TAP GROWING DIGITAL ECONOMY
Banks are rolling out cross-border QR payment services enabling consumers to make international transactions directly through domestic banking apps to tap into the country’s fast-growing digital economy. The expansion of QR-based payments is gradually reshaping spending habits, reducing reliance on cash and international cards while offering faster and more transparent transactions at points of sale.
VIETNAM’S SMALL BUSINESSES TOP ASIA‑PACIFIC GROWTH RANKINGS
Vietnamese small businesses posted the strongest performance among 11 Asia Pacific markets in 2025, with 84% reporting growth, up from 82% a year earlier, according to CPA Australia’s small business survey. This momentum is forecast to continue in 2026 with 89% of small businesses expecting to grow on the back of a strong focus on technology, e-commerce, and improved business management.
VIETNAM’S IMPORTS FROM CHINA TOP US$50 BILLION IN Q1
Vietnam’s imports from China in the first quarter of 2026 surged a staggering 31.6% year-on-year to more than US$50 billion, accounting for around 40% of the country’s total imports, customs data showed. The increase was driven largely by technology goods and industrial equipment. Imports of computers, electronics and components jumped 62.2% to US$16.77 billion, while machinery, equipment, tools and spare parts rose 25% to US$9.72 billion.
VIETNAM TARGETS OVER 30 AIRPORTS, 25 RAILWAY LINES BY 2050
Vietnam plans to expand its nationwide civil aviation network to more than 30 airports by 2050, with total capacity reaching 533 million passengers per year. Minister of Construction Tran Hong Minh told the National Assembly on April 20, as the country accelerates decentralization and diversifies funding sources for transport infrastructure.
FIRST-QUARTER GROWTH HITS RECORD HIGH DESPITE GLOBAL VOLATILITY
According to Dragon Capital, Vietnam’s growth momentum strengthened in March following Lunar New Year normalisation, reinforcing confidence that the expansion remained firmly intact through the first quarter of 2026. GDP grew 7.8 per cent on-year in the first quarter, with industry and construction rising 8.9 per cent and services 8.2 per cent, highlighting that growth is not solely reliant on exports and manufacturing, but is increasingly supported by services and domestic demand.
FRUIT AND VEGETABLE EXPORTS SURGE ON GLOBAL DEMAND
Việt Nam’s fruit and vegetable exports have made a strong start to the year, with rising shipments and tighter compliance with international standards helping producers tap robust global demand, according to the Vietnam Fruit and Vegetables Association. The association reported export earnings of nearly US$532 million in April, bringing total export value to $2.06 billion in the first four months of the year, up 22 per cent year-on-year.
























