Bac Giang enterprises take advantage of tariff-related opportunities to boost exports

Update: 15:43 | 16/07/2019

(BGO) - The goods export of Bac Giang province since the beginning of the year continued to maintain a good growth rate, reaching over 3.1 billion USD, up 3.5 percent compared to the same period last year. Taking the advantage of opportunities from tariff preferences in free trade agreements (FTAs), many businesses are focusing on boosting exports.

The Ha Phong Export Garment Joint Stock Company based in Doan Bai commune (Hiep Hoa district) boasts strengths in textile products, children's clothing and especially clothes for export.

Currently, the company has 96 sewing lines, employing about 12,000 workers. Vu Thi Thanh Ha, a company official, said that since the beginning of the year, the company’s total export value reached 126 million USD, up 73 percent year on year, with the main markets being the US and Europe.

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Producing solar panels at Vina Solar Technology Co., Ltd.

According to Bang Hai Sinh, an import and export officer of Vina Solar Technology Co., Ltd., based in the Van Trung Industrial Zone (Viet Yen district), the company’s solar battery factory is among the largest of its kind in Vietnam. In the past 7 months, the company produced 36 million products and all of them were exported.

Nguyen Van Tap, head of the Import-Export Management Division (the provincial Department of Industry and Trade), said that the global economy in the first half of 2019 showed signs of growth, positively impacting the import and export of Bac Giang. 

In nearly 7 months, the province's import turnover reached 2.9 billion USD while its export revenue was 3.1 billion USD, up 3.5 percent over the same period last year. The main exports were textile and electronic products, solar panels, and agricultural products.

This result was achieved thanks to the enterprise’s efforts and significant contributions of competent agencies. 

According to Ngo Thanh Tuyen, Deputy Director of the Sub-department of Customs in charge of managing industrial zones in Bac Giang, the unit has focused on well implementing professional measures, quickly resolving obstacles, and creating favorable conditions to attract businesses in the province and surrounding areas to do customs procedures. 

In the coming time, the sub-department will continue to carry out customs procedures in a clear and time-saving manner but still ensure strict management of import and export goods.

However, according to authorised agencies, the province's export turnover increased but was not really sustainable, with shortcomings in the structure, mainly focusing on processed and assembled commodities; and low domestic production value. Although trade promotion has been paid attention, it has not really become a tool and bridge for enterprises.

In order to achieve the export turnover target of 8.4 billion USD for the whole year, in the coming time, the provincial Department of Industry and Trade will focus on improving the quality of trade promotion; plans to boost production and export of goods with potential for development and use of many domestic materials such as electronics, garment, furniture and agricultural products... 

It will also attach importance to tapping traditional and key export markets and encouraging enterprises to invest in expanding production scale, innovating technology and equipment.

The department will propose the Ministry of Industry and Trade provide information and forecasts on the situation of domestic and world commodity markets, laws, policies and trading practices of markets to help enterprises improve their competitiveness and enter the markets more effectively.

According to Nguyen Cuong, Deputy Director of the provincial Department of Planning and Investment, participating in FTAs with commitments to cutting and reducing tariffs on goods of Vietnamese origin has improved domestic goods’ competitiveness and helped them increase their market share in partner markets. 

Bac Giang enterprises can take full advantage of tariff preferences brought by FTAs, but first of all, they must meet requirements of origin, technical barriers and epidemiological hygiene from import markets...

The Department of Planning and Investment will advise the provincial People's Committee to direct agencies and localities to continue implementing measures to solve difficulties for businesses and actively support export enterprises, especially in getting loans, labor and tax incentives, thus creating conditions for businesses to develop production.

547 new businesses established in first six months
(BGO) – Bac Giang province has granted the business registration certificate to 547 enterprises and 37 branches and representative offices in the first six month of this year, up 6.6 percent comparing to the same period last year with total registered capital of over 4.6 trillion VND (197.2 million USD) increasing 14.8 percent against previous figure.  
Nearly 100 businesses participate in online job transaction session
(BGO) - On March 7, the Job Center under the Department of Labour, Invalids and Social Affairs of Bac Giang province) organized an online job transaction session connecting 12 provinces and cities including Bac Ninh, Hanoi, Hai Duong, Cao Bang, Bac Kan, son La , Hoa Binh, Lang Son, Quang Ninh, Thai Nguyen, Vinh Phuc and Bac Giang. This was also the first job transaction session in the Lunar New Year 2019.
24 Bac Giang businesses granted labor export license
(BGO) – To date, Bac Giang province has sent about 25,000 labors abroad, mostly working in Republic of Korea, Japan, Taiwan (China), Malaysia and Middle East area. 
Secretary of provincial Party Committee Bui Van Hai pays pre-Tet visits to businesses
(BGO) - On January 31, Bui Van Hai, member of the Party Central Committee, Secretary of the Party Committee and Chairman of the People's Council of Bac Giang province paid pre-Tet visits to some businesses based in the locality. He was accompanied by Duong Van Thai, Vice Chairman of the provincial People's Committee and President of the provincial Business Association, and representatives of the Department of Planning and Investment and the Office of the provincial Party Committee.
Further improving business and investment environment
(BGO) – Nguyen Van Linh,  Chairman of Bac Giang provincial People’s Committee (PPC) cum Head of the Steering Board for supporting and investing in enterprises in Bac Giang province (Steering Board) on January 15 chaired a meeting to review the status of local investment support and business development in 2018 as well as execute the tasks and solution in 2019.  

Quoc Phuong

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