Today: 29/10/2020 05:22:39 (GMT+7)
THE CENTRAL AGENCY OF THE COMMUNIST PARTY OF VIETNAM BAC GIANG PROVINCE THE VOICE OF THE PARTY, GOVERNMENT AND PEOPLE OF BAC GIANG PROVINCE

Bac Giang’s FDI enterprises recover after Covid-19 pandemic

(BGO) – Due to the impact of Covid-19 pandemic, many foreign direct investment (FDI) enterprises in Bac Giang province have recently suspended or stopped the operation and business activities. For nearly one month when the pandemic is well controlled, the companies have regained the production and business as a good signal for the provincial economic growth.  

Many batches of products are exported

According to the Department of Planning and Investment, the province now has 461 FDI projects with total investment of over 6 billion USD, 300 of which are invested in the industrial parks (IP). Most of the projects are in the industries of garment and textile, manufacturing and fabricating the electronic components, solar panel...

Bac Giang province, FDI enterprises, Covid-19 pandemic, foreign direct investment,  production and business, provincial economic growth,

Sunergy Vietnam Joint Stock Company in Dinh Tram industrial park prepares the export orders to several countries.

Recently, some 200 FDI enterprises in the province got affected by Covid-19 pandemic when several businesses must suspend their operation, reduce the labourers or even temporarily stop working...

Since May when the pandemic is put under control, many countries have gradually opened the trade exchange activities, accordingly the local FDI businesses started to recover the production.

Financial Director of Japanese invested Vietnam Sunergy Joint Stock Company (Dinh Tram IP) Vincent Fan said: “Our company imported huge quantity of materials before Covid-19 outbreak so the production was not affected. However it was hard and slow to ink the contract to export the commodity to the US and EU markets because many factories at the markets suspended their operation. When the pandemic is well controlled, the consumption is much better helping company ensure the job and income to 400 labourers. Vietnam Sunergy has exported 3 orders with more than 250,000 solar panels to earn revenue of 25 million USD”.

Similarly, Moa Eng Company Limited (Dinh Tram IP) regained normal production in May 2020. More than 200 workers now come back to work. Previously, due to the pandemic impact, 36 percent of export order to Moa Eng Co.,Ltd was reduced which has been recovered and much increased for nearly one month.

Accompanying businesses to conquer challenges

Since the middle of May, 2020, the FDI businesses in the province have gradually recovered the operation and produced the previously suspended orders while actively seeking new partners from new markets to increase revenue and create more jobs to the labourers.

Since early this year, the province has attracted 15 FDI projects with total investment of 300 million USD. Besides, 16 other projects adjusted the capital up to nearly 250 million USD, mostly in Quang Chau, Dinh Tram, Song Khe – Noi Hoang and Van Trung IPs.

Among nearly 200 FDI businesses affected by Covid-19 pandemic, 60 percent of them started the production. Many enterprises have inked new orders and called back all labourers who temporarily stopped working due to lack of order.

Since early this year, the province has attracted 15 FDI projects with total investment of 300 million USD. Besides, 16 other projects adjusted the capital up to nearly 250 million USD, mostly in Quang Chau, Dinh Tram, Song Khe – Noi Hoang and Van Trung IPs.

Implementing the Governmental instruction, Bac Giang is now instructing the competent departments to execute various solutions to support the enterprises to overcome the difficulties in post – Covid-19 period.

The provincial Tax Department reviewed the businesses affected by Covid-19 pandemic and instructed them to complete the document to delay the time of tax and land leasing payment in line with the Governmental’s Decree No.41 dated April 8, 2020.

Recently, the Bac Giang branch of State Bank and the provincial Business Association have organized conference to handle the capital difficulties to the enterprises affected by the pandemic.

Particularly, Chairman of the provincial People’s Committee has inked the decision to establish the Working Group to receive and handle the reflections from the businesses and investors during the investment, business and production procedures so as to facilitate their development, especially the FDI firms.

Chairman of the provincial People's Committee Duong Van Thai: Focusing on removing difficulties, facilitating production and business
(BGO) – On May 20, the People's Committee of Bac Giang province held a regular meeting in May. The event was chaired by Duong Van Thai, Chairman of the provincial People's Committee.
 
Bac Giang closely accompanies businesses to overcome difficulties
(BGO) – Amid the complex Covid-19 pandemic situation causing several impact on the business and production of the enterprises, Bac Giang province has implemented many solutions to handle the difficulties and obstacles to accelerate the development as well as prepared the condition to welcome new wage of investment. The Chairman of the provincial People’s Committee (PPC) Duong Van Thai granted an interview to the reporter of Bac Giang Portal about this issue. 
 
Bac Giang focuses on measures to improve business and investment environment
(BGO) – Bac Giang province should focus on urgently and actively implementing policies and packages to support businesses according to the Government's Resolution No.42, continue to firmly grasp the situation, and promptly perform tasks to remove difficulties for businesses.
 
Provincial leader welcomes Coach Park Hang Seo and Korean businesspersons
(BGO)- The head Coach of Vietnam national football team Park Hang Seo accompanied by his assistants and some Korean enterprises on 7 May visited Bac Giang province. Chairman of the provincial People’s Committee Duong Van Thai welcomed the delegation. 
 
Bac Giang needs to implement urgent solutions to recover production, business due to Covid-19’s impacts
(BGO)- This is the direction of Chairman of the provincial People’s Committee Duong Van Thai at the official dispatch No 1821/UBND-CN dated 30 April 2020 on implementation of some urgent measures to remove obstacles for production and business affected by Covid-19 pandemic.
 

Minh Linh

Bac Giang province, FDI enterprises, Covid-19 pandemic, foreign direct investment, production and business, provincial economic growth,
 
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