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Vietnam to share investment expertise with Sri Lanka

Colombo (LNW): A distinguished delegation from Vietnam, led by Dr. Bui Van Nghiem, a Member of the Vietnam Communist Party Central Committee, expressed Vietnam’s commitment to sharing expertise on foreign investment promotion and attraction with Sri Lanka for the development of the proposed new Investment Bill.

The delegation conveyed this during a meeting with Prime Minister Dinesh Gunawardena at Temple Trees in Colombo on November 17.

Prime Minister Gunawardena commended Vietnam for its rapid economic development following its struggle for independence and acknowledged Vietnam’s success in attracting foreign investments through innovative approaches.

He sought Vietnam’s insights and experiences as Sri Lanka plans to formulate a new Foreign Investment Bill.

Dr. Bui Van Nghiem, considering Sri Lanka as a special friend, affirmed Vietnam’s willingness to collaborate and emphasised the considerable potential for expanding bilateral trade, investment, tourism, and cultural relations.

He highlighted the opportunity for provincial-level collaboration between Vinh Long Province in Vietnam, renowned for its agricultural production, and Sri Lankan provinces for mutual benefit.

The discussions between the two delegations encompassed various aspects, including trade, tourism, industry, agriculture, culture, education, and investment. Dr. Bui Van Nghiem, a senior member of the Communist Party of Vietnam (CPV), led the high-level delegation, which included officials from the Ministry of Industry and Trade, the Central Commission for External Relations of CPV, corporate representatives, and academics.

MP Yadamini Gunawardena, Secretary to the Prime Minister Anura Dissanayake, and Director General of the Foreign Ministry Shashikala Premawardane were also present during the discussion.

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