Bac Giang eases difficulties for firms amid COVID-19

Bac Giang (VNA) – Chairman of the People’s Committee of northern Bac Giang province Duong Van Thai has pledged to adopt measures easing difficulties faced by local businesses amid the complicated development of COVID-19 outbreak.

Accordingly, the province will closely follow the Prime Minister’s Directive No.11 dated March 4, 2020 on urgent measures removing difficulties in production and trade, and ensuring social welfare in response to the epidemic.

The provincial Radio and Television Station launched a hotline to collect public feedback about the handling of administrative procedures.

Since the beginning of this year, the provincial Department of Planning and Investment has granted licenses to 180 new businesses and 17 branches and representative offices, up 9.7 percent year-on-year with a total registered capital of over 1.27 trillion VND (55.2 million USD), down 28.5 percent.

Fifteen firms registered for dissolution and 149 others suspended operations.

Bac Giang is now home to over 9,400 companies, 446 of them foreign-invested with a total registered capital of nearly 3.5 billion USD. Meanwhile, domestic firms have registered more than 71.7 trillion VND in capital in the province.

Seventy percent of all the businesses are operational, offering jobs to about 232,000 workers, around 122,000 of them working for industrial zones.

The epidemic is hurting local exporters to China and the Republic of Korea (RoK), forcing them to lay off workers due to the shortage of materials for production./.