Vietnam, Sri Lanka aim to bring trade to 1 billion USD
The Prime Ministers of Vietnam and Sri Lanka have agreed to strive to bring two-way trade to 1 billion USD during their meeting in Hanoi on September 11.
PM Nguyen Xuan Phuc (L) welcomes his Sri Lankan counterpart Ranil Wickremesinghe in Hanoi on September 11 (Photo: VNA)
Hanoi (VNA) – The Prime Ministers of Vietnamand Sri La🐠nka have agreed to strive to bring two-way trade to 1 billion USDduring their me𓆏eting in Hanoi on September 11.
PM Nguyen Xuan Phuc and his Sri Lankan counterpart RanilWickremesinghe said despite positive progress, bilateral cooperation across thefields has yet to match the two countries’ potential. They reached a consensusthat the second meeting of the joint trade sub-committee should be held asearly as possible in Vietnam to seek ways to bolster trade. The two government leaders also shared the view that thejoint committee should hold the fourth meeting in 2019 and the two countries shouldsign an MoU on fishery cooperation for the next three years. They agreed to facilitate the expansion of partnership infields of potential for cooperation such as education-training,telecommunications, information and digital technology, oil and gas, aviation,maritime, processing of agricultural and aquatic products, cultural and art exchange,Buddhism, sports, and youth exchange. PM Ranil Wickremesinghe, who is in Vietnam to attend the WorldEconomic Forum on ASEAN 2018, praised the accomplishments that Vietnam has madein socio-economic development in the past years and the country’s increasingrole in the region and the world, saying that Vietnam is a model ofsocio-economic development for other countries. He expressed the wish to set up ties between the rulingparty in Sri Lanka and the Communist Party of Vietnam, while affirming theintention to continue working closely with Vietnam at regional andinternational forums, especially the United Nations and the Non-alignedMovement. PM Nguyen Xuan Phuc stressed that the two countries shouldpay attention to aviation connection, which he said is the most effective wayto develop trade and tourism. He asked Sri Lanka to play an active role in ensuringsecurity, safety and freedom of navigation and aviation in the East Sea andadvocating the adherence to international law and the settlement of disputes bypeaceful means.-VNA
Vietnam and Sri Lanka have agreed to maintain and intensify the exchange of all-level delegations of their legislative bodies, particularly special committees, in order to share information and experience in parliamentary activities, law making and supervision.
A classical music concert featuring renowned Sri Lankan and Vietnamese musicians will take place at the Vietnam National Academy of Music in Hanoi on June 22.
The Vietnam Buddhist Sangha held a ceremony at Tam Chuc Pagoda in Kim Bang district, the northern province of Ha Nam, on July 22 to plant a Bodhi tree presented by Speaker of the Sri Lankan Parliament Karu Jayasuriya.
Vietnam always treasures and wants to further develop its traditional friendship with Sri Lanka, Deputy Prime Minister cum Foreign Minister Pham Binh Minh said on August 27.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
The ministry has instructed Vietnamese representative agencies in Israel, Iran, as well as those in neighbouring countries, to closely monitor the situation and request local authorities to ensure absolute safety for Vietnamese citizens living, studying, and working in high-risk areas.
Senior Vietnamese leaders on June 19 sent letters of congratulations to New Zealand leaders on the occasion of the 50th founding anniversary of Vietnam – New Zealand diplomatic relations (June 19, 1975 – 2025).
The Party chief attributed the achievements in the first half to the continuous, direct, and comprehensive leadership of the Politburo and the Secretariat of the Party Central Committee, and the close and effective coordination of relevant ministries, sectors and localities.
General Nguyen Tan Cuong, Chief of the VPA’s General Staff and Deputy Minister of National Defence reaffirmed Vietnam’s unwavering gratitude for Cuba’s invaluable support during its struggle for independence and nation-building efforts, and pledged to stand shoulder-to-shoulder with Cuba as it navigates current challenges.
Vietnam is a country with which Russia shares a special relationship. In the 1950s and 60s, particularly during Vietnam’s struggle for independence, the two countries forged a deep bond. While much has changed over time, the friendship and cooperation between our nations have endured, said Russian President Vladimir Putin.
PM Nguyen Xuan Phuc (L) welcomes his Sri Lankan counterpart Ranil Wickremesinghe in Hanoi on September 11 (Photo: VNA) 
