Many new orders signed

The Bac Giang Import-Export Joint Stock Company in Bac Giang city specializes in producing tissues. In order to improve product quality and meet the requirements of domestic and foreign customers, in the last two years, the company has invested nearly 200 billion VND (8.22 million USD) in installing more modern production lines and machinery. In 2023, it exported 30,000 tons of tissues of all kinds to countries such as the US, the UK, Singapore and Malaysia, earning 37 million USD.

The tissue production area of the Bac Giang Import-Export Joint Stock Company in the Song Khe - Noi Hoang Industrial Park.

Similarly, Bac Giang LNG Garment Corporation in Luc Nam district is urgently completing new warehouses and installing 10 more lines to operate in the first quarter to improve production efficiency. It has made efforts to find markets for new orders, striving to export more than 8 million products this year for an expected value of about 110 million USD, higher than in 2023.

Not only domestic enterprises, foreign direct investment (FDI) firms in industrial parks (IPs) have also accelerated production right from the beginning of the year with many new orders.

According to the Department of Industry and Trade, the main export markets of businesses in the province are China, the Republic of Korea, Japan, the US, and India with the main products being computers, electronic products and components, garments and textiles.

Maintaining growth momentum

In February 2023, the provincial People's Committee issued a plan to implement the provincial Goods Import-Export Strategy until 2030. The goal is to develop sustainable exports, promote comparative advantages, transform the growth model reasonably, effectively use resources, and protect the ecological environment. Specifically, the average export growth is set to be 25-27% per year in the 2021-2025 period, and 12-13% per year in 2026-2030.

An electric vehicle production line of Yadea Vietnam Eletric Motorcycle Co., Ltd. in the Quang Chau Industrial Park.

In 2023, the province enjoyed a total export value of 27.4 billion USD, an increase of 22.3% compared to the previous year, ranking 6th in the country and surpassing Dong Nai province for the first time. It was the only province in the country with a trade surplus in 2023.

To maintain growth momentum and achieve the export turnover target of 33 billion USD this year, the province requires relevant industries and localities to continue improving the business and investment environment to support businesses to develop production, creating sustainable supplies for export.

In the industrial sector, the province will focus on attracting FDI projects; encouraging projects to produce and export environmentally friendly products and those with high innovation content. In the agricultural sector, it plans to attract investment in high-tech and green technology projects, especially deep processing technology, and raw material areas to increase the added value of export products, while promoting the application of technology to develop diverse types of agricultural businesses.

According to Tran Quang Tan, Director of the Department of Industry and Trade, the department will increase information on world market developments and analyzes impacts on industries and businesses, especially FDI enterprises, to map out production orientations. 

At the same time, it will coordinate with specialized agencies under the Ministry of Industry and Trade and Vietnamese trade counselors abroad to promptly provide information for businesses and handle their export-related problems and complaints; while promoting connection between supply and demand and supporting businesses to promote exports of key agricultural products.

The Department of Natural Resources and Environment, districts and Bac Giang city will join hands to remove difficulties and speed up site clearance to create clean land funds to attract investors...

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