Bac Giang: Export value hits 578 million USD

Update: 15:25 | 10/04/2020

(BGO) – Due to the impact of Covid-19 pandemic, the export value in the northern province of Bac Giang hit 578 million USD in March, down 6 percent comparing to the same period last month.

In which, three biggest export markets included China (34.3 percent) down 3.6 percent, Republic of Korea (RoK) (20.3 percent) down 2.3 percent and the US (24.8 percent) down 18.3 percent.

Bac Giang province, Export value, impact of Covid-19 pandemic, biggest export markets, major commodities, big potential for recovery

The plywoods of Quoc Thai Forestry Joint Stock Company remains in the warehouse.

The decrease occurred at the major commodities such as garment and shoes (down 1.2 percent); computer, electronic device and component (down 11.8 percent); telephone and component (down 5.2 percent); electricity equipment (down 8.3 percent) comparing to the previous month.

However, the import value slightly increased. Particularly, import from Chinese market (36.5 percent) went up 3.6 percent; RoK (35.3 percent) up 7.7 percent.

The major commodities like materials and accessories for garment and shoes increased 3.7 percent; computer, electronic device and component up 11.1 percent; telephone and component up 3.9 percent; equipment and machine up 2.2 percent against February 2020.

It proved that the local enterprises have big potential for recovery after the Covid-19 outbreak.

Bac Giang supports businesses and households in production development
(BGO) – The Department of Industry and Trade in Bac Giang province is implementing the programme to support the industrial encouragement expenses to 16 local businesses and households to buy machine and equipment for production.
 
Soft loans help young people start business
(BGO) - The movement of establishing a business, rising out of poverty and getting rich in the homeland of the youth in Bac Giang province has been effectively implemented with support from preferential loans through the youth unions. The number of young people's economic projects producing high income has been increasing, contributing positively to the national target programme on sustainable poverty reduction.
 
Bac Giang continues improving business climate to heighten national competitiveness
(BGO) - Chairman of the provincial People’s Committee of Bac Giang province (PPC) has issued the Directive no 03/CT-UBND to continue implementing the key tasks and solutions for improvement of the investment and business climate and enhancement of the national competitiveness in 2020.
 
Bac Giang Business Consultation and Support Center joins hands with enterprises to handle difficulties
(BGO) – The Bac Giang Business Consultation and Support  Center (BCSC) under the Bac Giang provincial Business Association has recently taken great efforts to consult and instruct the individuals and enterprises to handle the difficulties and obstacles arising in such fields of investment, taxation, customs..., helping create completed and developed environment for production and business in the province.
 
Fortuned businesses, developed province
(BGO) – The northern province of Bac Giang has been recently ranked among the top leading provinces in investment attraction, particularly securing the sixth position nationwide in 2019 in approving for new projects. In spite of the impressive results, there are many thing to be done in term of investment attraction  to promote the effectiveness of “fortuned businesses, developed province”. 
 

Thanh Nam

 
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