Today: 28/05/2023 22:43:19 (GMT+7)

Bac Giang supports enterprises for stable production

(BGO)- In the economic hardship, apart from a number of companies cutting orders or firing workers, many enterprises in industrial sector are making efforts to overcome difficulties, sign new orders and recruit more workers. The government at all levels, departments and agencies in Bac Giang province are also implementing several measures to help enterprises keep the pace of growth.

Yokoi Mould Vietnam Company Limited in Dinh Tram industrial park (Viet Yen district) is a good example in maintaining its effective production and business performance as well as expanding market in the first months this year. According to Yokoi, the company’s Director, drastic increase in material prices due to impact of Covid-19 pandemic has affected the company’s activities.

Bac Giang province, supports enterprises, stable production, economic hardship, industrial sector, sign new orders, recruit more workers

The production line of Siflex Vietnam Company Limited in Quang Chau industrial park.

The company has made great efforts to surmount difficulties, seek new orders and create jobs for labourers. In 2022, the company had 30 partners while it gained 5 more clients with tens of new orders this year. The company revenues have dramatically increased year on year with the annual average growth rate reaching 60 percent. 

Particularly, in the first 3 months this year, the company produces 1.6 million products each month, up 200,000 products per month compared to the previous year earning nearly 20 billion VND (850,800 USD) and contributing about 3 billion VND (127,600 USD) to the state budget.

The company is expected to export about 15 million plastic and molded products by the end this year with an expected revenue of 120 billion VND (5.1 million USD) paying about 11 billion VND (468,000 USD) of taxation. The average monthly income of their workers reaches 14 million VND (596 USD), 1 million VND (42.5 USD) higher than last year.

Similarly, Hosiden Vietnam Company Limited in Quang Chau industrial park (Viet Yen district) has implemented a number of technological measures and surmounted the break of materials and orders, thus, they has kept stable production chain of supporting industrial products. Currently, their products are exported to the Republic of Korea, the US and Europe.

Since early this year, the company has recruited nearly 500 labourers, increasing the total number of workers to 5,500. As the production and business activities have gradually recovered, the company paid more than 66 billion VND (2.8 million USD) to the state budget in the Q1 this year, a surge of 196 percent year on year.

Apart from the 2 above companies, many other companies in the province also attempt to surmount difficulties to maintain stable production and business and create jobs for labourers such as Siflex Vietnam Company Limited, Fuyu Precision Component Company Limited and JA Solar Vietnam Company Limited in Quang Chau industrial park.

According the provincial Industrial Zones Authority, enterprises in the industrial parks recruited about 4,000 workers in Q1 this year and planed to recruit from 7,000 to 10,000 workers in Q2. The enterprises have demand for total 40,000 workers in the whole year.

According to the Department of Industry and Trade, the world has seen complicated developments in the first months this year; thus, the industrial sector of Bac Giang province faces big challenges especially in production for export including garment and textile and supply chain for Samsung. However, thanks to effective solutions, the province’s industrial production has gained positive results.

The industrial production value in Q1 reached over 115 trillion VND (4.9 billion USD) (at current price), 11 percent increase year on year. Of which, the foreign direct investment (FDI) sector reached nearly 100 trillion VND (4.2 billion USD), up 10.4 percent against the same period and the rest came from private and state-

It is predicted that enterprises in the province will still face difficulties in upcoming months. In order to reach the target 507 trillion VND (21 billion USD) of industrial production value, the provincial People’s Committee requested related departments and agencies to grasp production and business situation of the enterprises; thereby taking measures to solve the problems and handle the recommendations on capital, consumption market, labour and material costs to help enterprises gradually stabilize their production and foster recovery of the supply chain.

In implementing the above direction, the departments and agencies will continue to boost administrative procedure reform, support enterprises access to land, capital and power supply, reduce costs and time to deal with administrative procedures and readily dialogue with enterprises to remove obstacles.


Minh Linh
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Bac Giang province, supports enterprises, stable production, economic hardship, industrial sector, sign new orders, recruit more workers
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