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Bac Giang’s export and import turnover highly increase

Updated: 21:33, 13/11/2023
BAC GIANG – The total export and import turnover in Bac Giang province hit  more than 37.14 billion USD from the beginning of this year till the end of October, an increase of nearly 1 billion USD over the same period and nearly equal to the whole value of 2022, reported the provincial Department of Industry and Trade.

Specifically, export turnover was estimated to reach nearly 2.59 billion USD in October, up 6.6% over the previous month and more than 19.65 billion USD in 10 month period, up 7.7% over the same period and nearly reaching 72.8% of the year's plan.

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The production line at JA Solar Vietnam Company Limited in Quang Chau industrial park.

Import value was estimated at more than 2.06 billion USD in October, up 7.7% over the previous month and more than 17.48 billion USD in the first 10 months, accounting for 96.7% over the same period and 67.5% of the year's plan.

This result was gained thanks to the gradual recovery of global economy after the Covid-19 pandemic and more orders to many enterprises in the province's industrial parks such as: Foxconn Technology Group; Hosiden Company Limited; Fuyu Co., Ltd., Luxshare Co., Ltd...which leads to high demand of employment.

Besides, local authority and competent agencies have organized several talk shows with enterprises to work out solution to remove difficulties in production and business such as accelerating the administrative reform, actively supporting investors, enhancing management over import and export, e-commercial and digital transformation.

Currently, the province has focused on the site work at expansion Quang Chau Industrial Park and first phase of expansion Hoa Phu Industrial Park so as to meet investors' demand for investing in new lines and factories, increasing output and supplying goods to customers.

As forecast, with the recovery momentum of businesses and the province's support solutions, Bac Giang's import-export turnover will continue to increase in the last 2 months of the year.

Bao Lam
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