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Vietnam – Sri Lanka Target the Two-way Trade of One Billion US Dollars

At the invitation of Prime Minister Nguyen Xuan Phuc, the Prime Minister of Sri Lanka Ranil Wickremesinghe paid an official visit to Vietnam from April 16-19, 2017.
During their talks, the two leaders agreed to realise the two-way trade target of 1 billion US dollars in the future. The two sides vowed to urge relevant agencies to map out specific measures to deepen bilateral cooperation in the fields of their strengths, such as oil and gas, infrastructure, information technology and communication, garment-textile, farm produce processing and distribution, and seafood. They reached a consensus on actively implementing the agreement on investment encouragement and protection and signed new cooperation deals to fit new circumstances.

The two Prime Ministers pledged to give priority to cooperation in other important fields such as energy, tourism, education, human resources development, and cultural exchanges and to create favourable conditions for the two nations’ aviation agencies to exploit non-stop flights between Vietnam and Sri Lanka.
 


 The welcoming ceremony for Prime Minister of Sri Lanka Ranil Wickremesinghe is held solemnly at the Presidential Palace.
Photo: Thong Nhat/VNA


The two Prime Ministers at their talks. Photo: Thong Nhat/VNA


 The two leaders have a retreat meeting. Photo: Thong Nhat/VNA
 Prime Minister Nguyen Xuan Phuc holds talks with his Sri Lankan counterpart Ranil Wickremesinghe. Photo: Thong Nhat/VNA

 The two leaders witness the signing ceremony of a cooperation agreement on agriculture between the two countries. Photo: Thong Nhat/VNA

Party General Secretary Nguyen Phu Trong receives Prime Minister Ranil Wickremesinghe. Photo: Tri Dung/VNA

 State President Tran Dai Quang receives Prime Minister Ranil Wickremesinghe. Photo: Nhan Sang/VNA

National Assembly Chairwoman Nguyen Thi Kim Ngan has a meeting with Prime Minister Ranil Wickremesinghe. Photo: Trong Duc/VNA


 Prime Minister Ranil Wickremesinghe attends the Sri Lanka – Vietnam Investment Forum. Photo: Doan Tan/VNA 

They also affirmed to step up collaboration in security-defence and share information and experience in legal execution, combating cross-border crime, addressing post-war consequences, and joining UN peacekeeping activities.

The two sides underlined the significance of maintaining peace and stability in the East Sea as well as navigation and aviation safety, and removing trade barriers and settling disputes and differences via peaceful means in line with international law.
 
By VNA/VNP

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Fifty years since the war's end and marking 30 years of diplomatic relations between Vietnam and the United states (July 12, 1995 - July 12, 2025), the two nations' relationship has made remarkable strides. This progress aligns with the aspirations and interests of both countries, while actively contributing to peace, stability, and development in the Asia Pacific region and worldwide.

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