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Sri Lanka PM to visit Vietnam

Apr 14, 2017 22:23 PM GMT+0530 | 3 Comment(s)

ECONOMYNEXT - Sri Lanka's Prime Minister Ranil Wickramasighe will visit Vietnam for talks with Premier Nguyen Xuan Phuc in a bid to strengthen trade, economic and industrial relations.

Prime Minister Wickramasinghe and Mrs Maithree Wickramasinghe will visit Vietnam from April 16 to 19, a statement from his office said.

Fisheries Minister Mahinda Amaraweera, Telecom Minister Harin Fernando, National Reconciliation Minister Mano Ganeshan and senior officials will be part of the delegation.

Vietnam welcomed foreign and private enterprises staring from its Đổi Mới  economic reforms in 1986, abandoning state planning and self-sufficiency policies that brought the country to the brink of starvation.

Vietnam has seen large scale foreign investment from the West, and Japan and Korea.

Despite a sluggish global economy, Vietnam drew foreign investments of $15.8 billion, up 9 percent from a year earlier, with $24.3 billion of agreements and expansion projects committed.

Sri Lanka expropriated private businesses in 2011, slapped retrospective taxes in 2015 and ratcheted up price controls from that year.

Sri Lanka drew about $300 million of FDI in 2016.  (Colombo/Apr14/2017)
 


 

3 Comments

  1. renu April 15, 11:11 AM

    PM well and good you are visiting Viatnam but your number one priority is to find a solution for the garbage disposal in Srilanka . There are modern methods of doing this . That is what we urgently need after the tragic deaths of 10 people at Meethotumulla. Your priority no: 1 is that. It is a disgrace to let the world know that we have had deaths on New Year's day due to mismanagement of Garbage and people buried under garbage. Your No 1 priority is that when you get back. You were in Japan you could have seen to their Garbage disposal methods if you had put Meethotumulla on your priority list. Don't expect to be back in power if immediate solutions are not found for these hazards

  2. sacre blieu April 15, 07:45 AM

    He accused the previous regime of misusing public funds, and promised to rationalise expenditure when voted into power. His favourite pastime is travelling. like a former UNP foreign minister , who was more foreign than Sri Lankan, and not forgetting Rohitha Bogollagama. What a waste of money. And so, this deceit and deception continues.

  3. Theva April 15, 07:36 AM

    Try and get visa free travel to Vietnam.Another trip

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