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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.
Bac Ninh invites investment projects from Sri Lanka ảnh 1Vice 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./.
VNA
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