(BGO) – Amid huge challenges caused by Covid-19 pandemic and world crisis, Bac Giang province gains high export growth. Together with self-effort, the business also receives kind support from authority to timely remove difficulties and accelerate the export.
Quick recovery
Since the Covid-19 pandemic was well controlled, Vietnam Pan Pacific World Company Limited (Viet Pan) in Hiep Hoa district has revived and gained the growth rate. The province has many policies and activities to boost the production recovery and business activities. Particularly, the provincial leaders regularly listen to the business to have timely assistance.
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The production line in Vietnam Pan Pacific World Company. |
Conquering the difficulties, Viet Pan had stable order to export garment product to the EU and the US with revenue of 618 billion VND (26.4 million USD) per year.
Toan Cau Food Import Export Joint Stock Company in Luc Ngan district has many experiences in exporting farm products. According to the company Managing Director Nguyen Duc Hung, Covid-19 pandemic caused huge impacts on farm produce export, especially to China.
However, the province issued drastic solutions in disease prevention and control while the competent agencies supported business to have green zone card to export the agriculture product.
“Bac Giang province offered much facilitation to export the farm produce. Step by step, our company regains the recovery and growth rate with 2022 revenue of 50 billion VND,” shared Hung.
Representative from the Department of Industry and Trade said: “Bac Giang is among top 10 localities with highest export turnover nationwide. The result was gained thanks to great effort of the business; close direction from local authorities; due assistance from departments and sectors to ease the obstacles for the exporter”.
Firmly maintaining the growth rate
2023 foresees more difficulties and challenges for the export activities in the province due to world crisis and internal economic problems. To overcome this situation, the province defined to highly focus on some solutions to boost up production and export.
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Production of protective gloves in Korean Gloveland Vina Company in Viet Tien industrial cluster in Viet Yen district. |
The first is to create land fund to attract investment and develop industrial production as the major driving force to lead the economic growth and export. Currently, the province has basically completed the planning document for 15 industrial parks in the priority list in 2022 – 2025 period.
In 2022, the Prime Minister approved for the investment policy of two new industrial parks and two expanded ones. Total industrial land will increase up to 657.3 hectares, 212.2 hectares of which were cleared.
Recently, many investors have come to the province to promote big investment projects while several operating businesses in Bac Giang wish to scale up the projects.
Addressing at regular meeting of the provincial People’s Committee (PPC), the PPC Chairman Le Anh Duong pressed to welcome the investment wave in 2023, the PPC will highly focus on creating industrial land fund and favourable condition to lure investors.
The province continues removing obstacles in law, institution and planning for the investment project to better support the business while directing to research and revise the regulation relating to investment and construction so as to create more open legal corridor for future investor.
Additionally, the provincial leader will enhance communication, support to remove difficulties for enterprises to facilitate the production and export, hence firmly maintaining the economic growth rate, including export of commodities.
