Seizing opportunities to make breakthroughs

Ha Phong Export Garment Joint Stock Company in Doan Bai commune, Hiep Hoa district, producing pants, jackets and feather coats for export, has about 7,500 workers.

Leaders of the provincial Industrial Zones Authority checks up production and operation of SJ Tech Vietnam Company Limited in Van Trung IP.

In middle last year when the pandemic occurred, 50 percent of the company had to stop working, causing a loss of about 80 billion VND (3.5 million USD). After the pandemic was contained, the company has resumed their stable production and expanded market with new orders since July 2021 thanks to guidance and support of the local government and competent agencies.

Similarly, the enterprises in the industrial parks (IPs) have overcome difficulties to accelerate production and business activities. Crystal Martin Vietnam Company Limited in Quang Chau IP has re-organized production in safe response to the pandemic. Currently, the company gives jobs for about 10,000 labourers earning average income of 9.6 million VND (416 USD) per month.

The province is home to more than 13,000 enterprises. According to Director of the Department of Industry and Trade Tran Quang Tan, despite impact of the pandemic, enterprises in the province have quickly reorganized the production models towards safety and accelerating production to gain high revenue.

In the first Quarter this year, the production situation of the enterprises was better than previous year. With abundant labour force and supporting policies, many enterprises have seized opportunities to make breakthroughs in production and business.

Diversified support methods

When Covid-19 pandemic occurred last year, all of the companies in the IPs and several enterprises located outside the IPs had to postpone their operation to fight the pandemic. The enterprises resumed their production since June 2021 but they faced numerous difficulties. Many of them encountered shortage of capital for production and business activities or money to pay workers’ wages.

New Wing Interconnect Technology Company Limited in Van Trung IP speeds up post-pandemic production recovery.

Facing this situation, the province has implemented a number of measures to support the enterprises to overcome the pandemic and stabilize production and business. The province has established the task forces to support the enterprises to resume their production. In order to remove the “knot” relating shortage of workers, the province has directed related departments, districts and city to boost propaganda and support the enterprises in recruitment.

The key solution prioritized by the province is ensuring safety against the pandemic during production to avoid economic losses. Most of the workers were provided 3 vaccine shots against Covid-19.

Dealing with the shortage of capital, the banking sector has carried out many measures to support enterprises to approach to the loan capital while providing debt charging off and rescheduling and reducing interest rates under the Government’s Direction, according to Vice Director of the State Bank in Bac Giang province Nguyen Thanh Luan.

Accordingly, many enterprises affected by the pandemic are provided rescheduled loan repayment and lower loan interest rates (0.5 to 2.5 percent lower than normal) by commercial banks to recover production and business. To date, the commercial banks have provided debt rescheduling to more than 3,000 clients with debit balance of some 3 trillion VND (129.4 million USD).

By the end of March this year, the provincial Bank for Social Policies has lent about 480 billion VND (20.8 million USD) to 256 employers to pay wages for those forced to stop working and salaries of production recovery.

Besides, the provincial Industrial Zones Authority provided guidance to enterprises on building and changing production and business plans in the new normal. The Department of Taxation has provided tax payment rescheduling and reduction while reducing value added tax (VAT) to 8 percent from the previous 10 percent applied to the goods and services used for import, production, processing and consumption.

The Department of Industry and Trade regularly supports enterprises to connect to the e-commerce units and sends experts to help them surmount obstacles in import and export administrative procedures. The districts and city have accelerated land clearance of the industrial parks and clusters to attract investment while facilitating existing enterprises to expand their production scale to increase revenue.

PPC Chairman Le Anh Duong informs business leaders about provincial development planning

(BGO)- On April 19 morning, the Standing Committee of the provincial Enterprises’ Party Committee organized a symposium for the key leaders in second quarter 2022. Le Anh Duong, Deputy Secretary of the provincial Party Committee, Chairman of the provincial People’s Committee (PPC) attended and delivered some contents at the event.

Promoting cooperative efficiency between Bac Giang and Korean businesses

(BGO) – To grasp the situation of Korean businesses, mark 30 anniversary of Vietnam –Republic of Korea (RoK) diplomatic ties and create strong move in relation between Bac Giang province and RoK partners in the future, the People’s Committee in Bac Giang province (PPC) on April 7 held a meeting with RoK organizations, companies and businessmen.

Registered capital of newly established businesses represents year on year increase

(BGO) – Amid the impacts of Covid-19 pandemic, Bac Giang province had 225 newly established businesses in the first quarter of this year, up 20.3 percent year on year, reported the provincial Department of Investment and Planning.

Most favorable condition created for business development in Bac Giang

(BGO) – In 2022, Bac Giang targets higher growth than last year so the province has focused on various solutions to support and remove difficulties for business.

Many businesses register to export lychee

(BGO) – To prepare for this year lychee season, the Department of Agriculture and Rural Development (DARD) in Bac Giang province has worked with enterprises which demand to export lychee to Japan, European Union, the U.S and Australia.