Bac Ninh invites investment projects from Sri Lanka
An official of Bac Ninh expressed his hope that Sri Lanka will invest in many projects in this northern province, as well as Vietnam as a whole, while receiving a delegation of the Sri Lankan Embassy led by Ambassador Prasanna Gamage on November 27.
Vice Chairman of the Bac Ninh provincial People’s Committee Vuong Quoc Tuan (third, right) and Sri Lankan Ambassador Prasanna Gamage (third, left) at the meeting on November 27 (Photo: VNA)
Bac Ninh (VNA) –An official of Bac Ninh expressed his hope that Sri Lanka will invest in manyprojects in this northern province, as well as Vietnam as a whole, whilereceiving a delegation of the Sri Lankan Embassy led by Ambassador PrasannaGamage on November 27.
Informing his guests about local development,Vice Chairman of the provincial People’s Committee Vuong Quoc Tuan said BacNinh is among the fast growing localities in Vietnam.
This year, its gross regional domestic product(GRDP) is estimated at 121.7 trillion VND (5.2 billion USD, up 1 percent from2019), industrial production value over 1.1 trillion VND (ranking first in thecountry), exports 36.5 billion USD (up 7.3 percent), collection for the Statebudget nearly 29.8 trillion VND (up 1.6 percent from the target), and averageper capita income 79.9 million VND (up 8.1 percent).
There are 16 industrial parks across theprovince at present, including 10 already becoming operational and attractingmore than 1,500 FDI businesses from 37 countries and territories. Bac Ninh hadbeen home to 1,614 valid projects as of November 20, he noted.
Tuan added since Sri Lanka hasn’t invested inany projects in Bac Ninh, the province hopes for many projects from the SouthAsian nation, noting the two countries’ potential, strengths, sound relations,and cultural similarities.
For his part, Ambassador Gamage highly valuedBac Ninh’s achievements in socio-economic development, particularly in FDIattraction.
Highlighting the sound friendship between hiscountry and Vietnam, he pledged to serve as a bridge helping Sri Lankan firmsto come to explore investment and trade opportunities in the province.
Sri Lanka has 14 investment projects worth some76.7 million USD in Vietnam at present, mostly in the textile-garment sector.Bilateral trade reached 381 million USD in 2019. Sri Lanka is the fourthlargest trade partner of Vietnam in South Asia./.
Ho Chi Minh City will facilitate the operation of foreign businesses, including those from Sri Lanka, Secretary of the municipal Party Committee Nguyen Thien Nhan has pledged.
Party General Secretary and State President Nguyen Phu Trong sent greetings on July 21 to Sri Lankan President Gotabaya Rajapaksa on the occasion of the 50th anniversary of diplomatic ties between Vietnam and Sri Lanka (July 21, 1970-2020).
Empowered by the Prime Minister, Deputy Foreign Minister Nguyen Quoc Dung on August 14 presented medical equipment worth 60,000 USD as a relief package of the Vietnamese Government and people to Bangladesh and Sri Lanka to support their fight against COVID-19.
The Vietnam Institute of Indian and Southwest Asian Studies at the Vietnam Academy of Social Sciences (VASS) held a virtual workshop entitled “50 years of Vietnam-Sri Lanka Diplomatic Ties: Achievements and Prospects” on September 22.
Ambassador of Sri Lanka to Vietnam Prasanna Gamage on November 9 handed 66.5 million VND (2,860 USD) donated by Sri Lanka people living in Vietnam to support flood-hit people in the central region.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Vice Chairman of the Bac Ninh provincial People’s Committee Vuong Quoc Tuan (third, right) and Sri Lankan Ambassador Prasanna Gamage (third, left) at the meeting on November 27 (Photo: VNA) 
