Sao Than Nong Cooperative in Yen Dung district is one of the units heavily damaged by the storm and its subsequent flooding.

Workers of Long Duong Development Construction Co., Ltd. and residents of Hoa Son commune are replanting trees.

Nguyen Thi Nhung, Director of the cooperative, said: “The typhoon, the strongest to hit Vietnam in decades, caused very strong winds and heavy rain, making many of the cooperative's crops flooded, broken, or uprooted. The warehouse storing rice seeds and fertilizers had its roof blown off. Immediately after the storm, the cooperative hired workers to repair the roof of the warehouse, and mobilized machinery and personnel to clean up the fields to replant a new crop of vegetables. It mainly grows short-term vegetables for quick harvest, to plant the winter potato crop in time.”

Long Duong Development Construction Co., Ltd, a construction firm located in Huong Son village, Hoa Son commune, Hiep Hoa district, is also severely hit by the typhoon.

The storm destructed hundreds of trees, swept away equipment, and damaged the lighting system, cameras, and aquaculture ponds at its eco-tourism area. Similarly, Dong Dao Tourism Cooperative in Quy Son commune, Luc Ngan district is also focusing on recovering from the storm consequences.

Preliminary statistics indicate that dozens of small businesses and cooperatives in the province were economically affected by typhoon Yagi, with those in Luc Nam, Luc Ngan, Son Dong, Yen Dung and Hiep Hoa districts, and Viet Yen township being hardest hit.

In response to the situation, the province has directed local authorities and relevant agencies to urgently support residents and businesses in quickly restoring their production and business.

Currently, the provincial tax sector is counting businesses and cooperatives impacted by the storm to provide tax reductions. As of September 16, the tax agency had received payment deadline extension requests from 882 taxpayers, with a total amount of more than 230 billion VND (9.34 million USD).

Nguyen Thanh Luan, Deputy Director of the State Bank of Vietnam’s Bac Giang branch, stated that in light of the storm's damage, the bank has issued a document requesting local credit institutions to implement measures to support customers affected by the typhoon.

It required these institutions to promptly assess the damage to their customers and promptly apply support measures, such as rescheduling loan repayment, considering interest rate exemptions and reductions, and providing new loans to help them restore production and business activities.

The People's Committees of Hiep Hoa, Luc Ngan and Yen Dung districts, and Viet Yen township have assigned relevant units to assess the damage to organizations and businesses. They have instructed local communes, wards, and towns to mobilize forces to assist companies and cooperatives in cleaning up the environment, replanting trees, and repairing workshops to quickly stabilize production and business operations.

Party, State ready to work on behalf of business community: top leader

Party General Secretary and President To Lam affirmed the Party and State’s special attention to the Vietnamese business community while meeting with a delegation of the Vietnam Association of Small and Medium Enterprises (VINASME) in Hanoi on August 22.

Bac Giang attracts workers, supports businesses in recruiting human resources in Yen Bai province

BAC GIANG - On August 21, a working delegation from Bac Giang province led by Tran Van Ha, Deputy Director of the Department of Labor, Invalids and Social Affairs (DOLISA) of Bac Giang province, worked with Yen Bai province on promoting labor attraction and supporting enterprises in Bac Giang province to employ human resources.

Vietnam remains potential market for Argentine businesses

President of the Argentine Chamber of Commerce for Asia and the Pacific (ACCAP) Rallys Pliauzer has highlighted the continuous development of relations between Argentina and Vietnam in all areas, particularly in trade, affirming that the potential for cooperation between the two countries still remains great.

Bac Giang City commits to accompanying and supporting production and business activities

BAC GIANG - On the afternoon of August 13, Vu Tri Hai, member of the Bac Giang Provincial Party Standing Committee, Secretary of the City Party Committee, Chairman of the People's Council of Bac Giang City; Dang Dinh Hoan, Chairman of the People's Committee of Bac Giang City chaired a dialogue conference with enterprises, entrepreneurs, production and business households in the city in 2024. 

Foreign businesses step up investment, recruitment in Vietnam amid global shift

Foreign companies, especially Chinese, are investing and hiring more staff in Vietnam to shift their production to the country or expand.

Bac Giang's businesses donate more than 17 billion VND to eliminate temporary and dilapidated houses

BAC GIANG - Implementing the campaign to support the construction and elimination of temporary and dilapidated houses for poor and near-poor households and disadvantaged social policy families in Bac Giang province, up to now, member enterprises of the Provincial Business Association, enterpreneur associations of districts, township, city and business clubs in the province have supported the campaign with more than 17 billion VND (over 721,000 USD).