President invites Vietnam’s Vingroup for investments in Sri Lanka

Tuesday, 6 May 2025 02:02 - - {{hitsCtrl.values.hits}}

Vingroup Vice Chairman and CEO Nguyen Viet Quang (left) presents token of appreciation to President Anura Kumara Disanayake

States Sri Lanka is keen to welcome Vingroup as a long-term investor and partner in its growth trajectory
Highlights potential strategic investment opportunities in tourism and real estate sectors
Assures Govt. support to create seamless and enabling environment for foreign firms to thrive in SL

Positioning Sri Lanka as a compelling choice for Vingroup’s expansion strategy, President Anura Kumara Disanayake on Monday extended an open invitation to Vietnam’s largest private conglomerate, Vingroup to explore investment opportunities in the country’s real estate and tourism sectors.

The proposal was made during a high-level business engagement at Vingroup’s Headquarters in Hanoi, in a bid to boost foreign direct investment (FDIs) into Sri Lanka.

The meeting was part of President Disanayake’s three-day State visit to Vietnam, which marks a key highlight in strengthening economic ties between the two countries.

In his address to Vingroup Vice Chairman and CEO Nguyen Viet Quang and senior executives, President Disanayake lauded the conglomerate’s phenomenal rise and its success in building a globally diversified brand.

Congratulating Vingroup on its robust business portfolio and reputation, he said Sri Lanka is keen to welcome the group as a long-term investor and partner in its growth trajectory.

“Sri Lanka offers a wealth of untapped potential in the tourism and real estate sectors,” the President noted, stressing the country’s strategic location, progressive infrastructure development and investor-friendly policies.

With tourism picking up and real estate markets opening up to international players, Disanayake assured that his Government is ready to create a seamless and enabling environment for companies like Vingroup to thrive in Sri Lanka’s evolving investment landscape.

Founded in 1993 in Ukraine, Vingroup Joint Stock Company (Vingroup JSC) has emerged as Vietnam’s most prominent multi-sector private enterprise. The company operates across three core sectors: industrials and technology, real estate and services, and social enterprises—each contributing significantly to Vietnam’s rapid economic transformation.

The discussion also included Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath, who reiterated Sri Lanka’s commitment to fostering stronger economic diplomacy and regional business collaboration.

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