Today: 28/11/2021 21:16:31 (GMT+7)

Foreign-invested firms ramp up production in northern Vietnam

With the Covid-19 outbreak curbed in northern Vietnam, foreign-invested firms in major industrial centres such as Bac Ninh, Bac Giang and Hai Phong are accelerating manufacturing to help revive the economy and realise the dual goal.

Industrial parks in Bac Ninh Province have maintained their appeal to global investors thanks to the containment of Covid-19. Since the start of the year, the province has granted licenses to 97 new projects worth US$522 million along with additional funding of US$106.37 million for 64 existing projects.

Foreign-invested firms, ramp up production, northern Vietnam, Covid-19 outbreak,  major industrial centres, revive the economy

Manufacturing at Hanpo Vina in the Yen Phong Industrial Park in Bac Ninh Province.

In the first six months of 2021, Bac Ninh-based foreign firms reported an increase of 125% in industrial production value and 150% rise in revenue. According to its chairwoman Nguyen Huong Giang, the province’s production chain was not disrupted.

In the neighbouring province of Bac Giang, more than US$871 million worth of foreign investment was pledged in the first eight months of 2021. Duong Van Thai, the provincial Party chief, said more major technology companies in the world are likely to invest in Bac Giang in the coming time as social security for workers and green production are, and will continue to be, its focus.

Bac Giang Chairman Le Anh Duong emphasised that through the battle against Covid-19, local workers have become more disciplined and professional, helping to increase productivity and make enterprises stronger. With rises in orders, large companies are recruiting more workers. Foxconn has hired another 37,000 workers while Luxshare employed an additional 34,000 people.

According to Samsung Vietnam CEO Choi Joo Ho, when the fourth outbreak hit Bac Ninh and Bac Giang in May and June, the company was facing many difficulties. But with the support of the central and local governments and effective epidemic control measures, Samsung was able to overcome the difficulties and fulfil its export target for the first half of the year. If the Samsung factory in Ho Chi Minh City resumes operation soon, the company is expected to exceed this year’s export target.

About 422,800 labours, business households and enterprises affected by Covid-19 pandemic receive aid
(BGO) – The statistic from the Department of Labour, Invalids and Social Affairs (DoLISA) in Bac Giang province showed that the province decided to support nearly 422,800 labours, business households and enterprises as of September 13 with total approved amount of about 506 billion VND (22.2 million USD).
Enterprises, cooperatives and household businesses receive support amid pandemic
The Government issued Resolution No.105/NQ-CP on September 9 to support enterprises, cooperatives and business households in the context of the Covid-19 epidemic.
Bac Giang gives strength to production and business enterprises
(BGO) - Amid difficulties caused by the epidemic, the provincial Social Security Agency has created conditions for businesses to suspend payments to the retirement and survivorship funds and reduce occupational accident and disease insurance premiums, thereby helping support enterprises to quickly restore production and business activities.
Bac Giang: 244 businesses arrange accommodation for workers at companies
(BGO) – Targeting to accelerate the production value and ensure safety amid Covid-19 pandemic, many businesses in Bac Giang province have arranged accommodation for workers at their campus.

Source: NDO

Foreign-invested firms, ramp up production, northern Vietnam, Covid-19 outbreak, major industrial centres, revive the economy
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