Sri Lanka PM’s visit seeks to step up cooperative fields

Sri Lanka’s Prime Minister Ranil Wickremesinghe and his spouse will pay an official visit to Vietnam from April 16-19 at the invitation of Prime Minister Nguyen Xuan Phuc.
The visit looks to ratchet up cooperative fields of Sri Lanka’s interest, including trade, investment, telecommunications, fish farming, machinery manufacturing, and the production of building materials.
The two sides’ leaders will discuss international and regional issues of shared concern.
Vietnam and Sri Lanka set up their diplomatic ties in 1970 and they have developed a sound friendship and multi-dimensional cooperation through the exchange of high-level visits and the establishment of friendship associations and bilateral cooperation mechanisms.
sri lanka pm’s visit seeks to step up cooperative fields hinh 0
In recent years, trade between the two countries has grown significantly, reaching US$192 million in 2015 and US$325.6 million in 2016. 
The two sides established a sub-committee on joint trade within the framework of their joint committee in August, 2014, and agreed on the early negotiation and signing of a preferential trade agreement, with the aim of accelerating commercial activities.
The countries have identified investment promotion areas, with Vietnam’s garment and textile, rubber, electricity-electronics, farm produce processing, foodstuff, and gem stone and jewelry making and Sri Lanka’s telecommunications, agriculture machinery manufacturing, aquaculture, oil and gas production, and plastics and construction materials making.
By the end of 2016, Sri Lanka had 15 operating investment projects capitalized at US$83.77 million in Vietnam, ranking 48th among foreign investors. 
The countries have enjoyed productive collaboration in agriculture and fisheries with Vietnam helping Sri Lanka with techniques, personnel training and plan design in aquaculture. Sri Lanka has favoured Vietnam in oil and gas production. 
Sri Lanka has a rich pool of experience in judicial matters and international law and is willing to assist Vietnam, especially in the application of the 1982 Convention on the Law of the Sea. The countries signed agreements on education and justice cooperation.
The two countries have coordinated efficiently at regional and international forums. Sri Lanka has recognized Vietnam as a full market economy and affirmed support for Vietnam’s candidacy for a seat in the UN Security Council (2020-2021) and the UN Economic and Social Council (2016-2018).
VNA

Other News

National Assembly Chairman urges renovation in leadership, working style

National Assembly Chairman urges renovation in leadership, working style

The NA's Committee for Cultural and Social Affairs has moved fast to reshuffle its organisation after the 14th National Party Congress and the election of deputies to the 16th NA, updating its work agenda to match new directives set out in the resolutions of the 14th National Party Congress and the first Congress of the NA Party Organisation for the 2025–2030 term.

Vietnam treasures ties with Croatia: PM

Vietnam treasures ties with Croatia: PM

Vietnam and Croatia should strive to double bilateral trade turnover from the current level of 161 million USD; study the establishment of a Joint Committee on Economic Cooperation to create a long-term, stable, and effective framework for collaboration, said Prime Minister Le Minh Hung.

President Ho Chi Minh's enduring legacy highlighted at Venezuela commemoration

President Ho Chi Minh's enduring legacy highlighted at Venezuela commemoration

Vice President of the United Socialist Party of Venezuela (PSUV) Jesús Faria expressed deep admiration for President Ho Chi Minh and Vietnam’s indomitable struggle for national independence. He described President Ho Chi Minh as an immortal symbol of 20th-century national liberation movements, whose legacy continues to inspire leftist parties, progressive movements, and peoples across Latin America, including Venezuela.

Vietnam proposes key cooperation orientations at BRICS Foreign Ministers' Meeting

Vietnam proposes key cooperation orientations at BRICS Foreign Ministers' Meeting

Deputy Foreign Minister Nguyen Minh Hang shared Vietnam’s approach to building an independent and self-reliant economy linked to deep international integration, while proposing several key areas for enhanced cooperation between BRICS and partner countries at the Expanded BRICS Foreign Ministers' Meeting that opened on May 14 in India.

Vietnam asks parties to respect its sovereignty over Truong Sa

Vietnam asks parties to respect its sovereignty over Truong Sa

PSNews - The spokesperson stated that the dispatch of personnel by relevant parties to features belonging to Truong Sa without Vietnam’s permission constitutes a violation of Vietnam’s sovereignty under international law. She stressed that such actions run counter to the Declaration on the Conduct of Parties in the East Sea (DOC) as well as ongoing efforts by countries to negotiate a Code of Conduct in the East Sea (COC).

Hanoi to host ASEAN Future Forum 2026 in mid-June

Hanoi to host ASEAN Future Forum 2026 in mid-June

PSNews - Vietnam’s proposals placed the highest priority on ensuring a peaceful and stable environment conducive for continued sustainable development and improving the well-being and happiness of the ASEAN people. They were praised by member states and incorporated into the core contents of the ASEAN Leaders’ Statement on the response to the Middle East crisis.

Vietnam promotes cooperation with United Nations on crime prevention

Vietnam promotes cooperation with United Nations on crime prevention

Vietnam highly values the support of the United Nations Office on Drugs and Crime (UNODC) in strengthening national capacity in crime prevention and criminal justice, drug control, and addressing emerging challenges, particularly cybercrime, said Ambassador Vu Le Thai Hoang.

Party, State leader calls for consolidation of central steering committees on legal, judicial reform

Party, State leader calls for consolidation of central steering committees on legal, judicial reform

Consolidating the central steering committees for institutional and legal reform and for judicial reform is necessary in order to streamline organisational structures without reducing responsibilities, while ensuring clear accountability, measurable outputs and concrete results. Following the restructuring, the body will be renamed the central steering committee for institutional improvement and law enforcement, with the Party General Secretary and State President serving as its head.

Vietnam strives for substantive outcome at NPT review conference

Vietnam strives for substantive outcome at NPT review conference

At the meeting this week, Ambassador Viet briefed the UNGA President on developments during the first two weeks of the conference. He stressed that the current international geopolitical landscape poses numerous complex challenges, while reaffirming Vietnam’s determination, together with other member states, to promote substantive and balanced outcomes at the conference.

Top leader of Vietnam receives Vientiane official in Hanoi

Top leader of Vietnam receives Vientiane official in Hanoi

The host leader stressed that cooperation between localities, particularly between the capitals of Hanoi and Vientiane, plays an especially important role as a pioneering force in effectively implementing the foreign polices of the two Parties and States, while also serving as a bridge between politics and development, as well as between strategy and concrete action.