Newly established enterprises in Bac Giang province increases nearly 52 percent

Update: 11:07 | 08/09/2020

(BGO) – According to the Department of Planning and Investment, in spite of the complicated development of Covid-19 pandemic, Bac Giang province had 164 newly established businesses in August 2020, up 51.9 percent comparing to the same period last year as the peak figure since early this year.

In accumulation, 790 new enterprises have been established in the province for the first 8 months with registered capital of over 8.1 trillion VND (349.5 million USD), up nearly 4 percent against last year figure.

Newly established enterprises, Bac Giang province, Covid-19 pandemic, registered capital, investment and business environment, start-up business

Workers at Song Hong Technology Development and Investment Joint Stock Company in Viet Yen district.

Most of the new enterprises work in the fields of commerce, service, industry, mechanic and construction in the districts of Lang Giang, Viet Yen, Yen Dung, Hiep Hoa and Luc Nam.

The result was gained thanks to the highly focus of the provincial People’s Committee to instruct the competent agencies, districts and city to facilitate the enterprises in investment and business environment, land approach, investment procedure and legal formalities as well as create clean plane for infrastructure construction. At the same time, preferential loan has been arranged to stimulate start-up business.

Besides, the Covid-19 outbreak in the middle of July has yet to cause serious impact on the spirit of business community, thus several investors still poured capitals to build new factory, equip modern machine for production and business.

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Minh Linh

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