Lanka-Vietnam trade ties bolster

Indunil HEWAGE

Sri Lanka and Vietnam established the Sri Lanka-Vietnam Business Council to facilitate trade among the two countries

Dr. Le Duong Quang

Vietnam Trade and Industry Deputy Minister Dr. Le Duong Quang said the Sri Lanka-Vietnam Business Council will promote economic and trade ties while bringing good results for the benefit of two countries.

He launched the Sri Lanka-Vietnam Business Council at the Ceylon Chamber of Commerce yesterday. He said this will also create more business opportunities while bringing prosperity to both countries. Promoting tourism, trade in goods, tourism and other services between the two countries will be one of their main priorities.

Among the other objectives of business council are to exchange information on trade and investment with the suitable authorities and institutions in Vietnam, encourage tourist investment from Vietnam to Sri Lanka and encourage the establishment of joint enterprises in Sri Lanka with investors from Vietnam.

It is reported that Vietnam exports to Sri Lanka have increased significantly during the last couple of months.

Vietnam is considered as a main purchasing power in the region. Sri Lanka mainly exports gems, textiles, rubber, tea and other products to Vietnam.