|Prime Minister Nguyễn Xuân Phúc (L)and his Sri Lankan counterpart Ranil Wickremesinghe in Hà Nội yesterday.|Viet Nam News
HÀ NỘI – Sri Lankan Prime Minister Ranil Wickremesinghe and his wife have begun an official visit to Việt Nam at the invitation of Prime Minister Nguyễn Xuân Phúc.
The visit, which started yesterday and will last until April 19, aims to encourage bilateral cooperation in trade, investment, telecommunications, aquaculture and seafood processing, machinery manufacturing and construction material. The two sides will also take the occasion to discuss international and regional issues of mutual concern.
Việt Nam and Sri Lanka established diplomatic relations in 1970. The Sri Lankan Embassy was opened in Hà Nội in 2003, while Việt Nam reopened its embassy in Colombo in 2011.
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 in August 2014, and agreed on the early negotiation and signing of a preferential trade agreement, with the aim of accelerating commercial activities.
By the end of 2016, Sri Lanka had 15 operating investment projects capitalized at $83.77 million in Việt Nam, ranking 48th among foreign investors. -VNS