Vietnam has agreed to enter into a bilateral agreement for the development of fisheries and aquaculture in Sri Lanka.

The decision was taken at a discussion between Fisheries Minister Douglas Devananda and Vietnam’s Ambassador to Sri Lanka Pham Kieu Thu in Colombo recently.

The discussion focused on joint ventures to develop the fisheries and aquatic resources in Sri Lanka.

It was decided to sign this bilateral agreement for fisheries projects to be launched from 2021 to 2025.

The agreement covers the exchange of modern methods and experiences in the field of aquaculture, including sea cucumber farming and freshwater aquaculture, as well as the development of expertise between the two countries.

The agreement also mentions financial assistance from Vietnam to develop the country’s fisheries industry.

The agreement also includes the possibility of inviting Vietnamese experts to Sri Lanka to conduct workshops on shrimp farming and aquaculture in collaboration with NARA.

The Minister also informed the Vietnamese Ambassador that a similar agreement was signed between the two countries in 2005 and a number of successful projects were completed between 2010 and 2013.

Vietnam’ was instrumental in implementing a technical assistance project for the development of the fisheries sector in Sri Lanka in 2013.

The experts of the Research Institute for Aquaculture of Vietnam were involved in the implementation of the project including seaweed, sea cucumbers and lobsters farming in Sri Lanka, and helped to formulate an overall plan for developing the Sri Lanka fisheries sector.