Exports to Vietnam up by 111% in 1Q 2012
“Vietnam's imports from Sri Lanka has increased sharply, reaching US$
10.1 million, up 111% over (US $4.8m in 2011) during first quarter
2012,” said Phung Trong Tuan, Counsellor/Deputy Head of Mission
representing Ton Sinh Thanh, Ambassador for Vietnam in Sri Lanka, at the
Second Annual General Meeting of the Sri Lanka – Vietnam Business
Council of the Ceylon Chamber of Commerce.
![](z_piii-Exports.jpg) |
From left (seated) Vinodh Hirdaramani,
Lilakshi de Mel, Phung Trong Tuan, Dr. Mahesha Ranasoma,
Anton Godfrey (Standing) Ranil Seneviratne, Patrick Rodrigo,
Rohitha Tillekeratne, Murali Prakash, Andre Fernando. |
According to statistics of Vietnam Customs, import and export
turnover of Vietnam and Sri Lanka in the first quarter of 2012 continued
positive growth,with US $ 27.6 million, increased by 81% in comparison
with the same period in 2011 (U S $ 15.3 million). In particular,
exports from Vietnam reached US $ 17.5 million, up 68% (from US $ 10.5m
same period last year) and Vietnam's imports from Sri Lanka increased
sharply, reaching US $ 10.1 million, up 111% over (US $ 4.8m in 2011)
the same period in 2011.
Tuan added that the relationship between the two countries has
rapidly been developing, especially after the re-opening of the
Vietnamese Embassy in Colombo and the state visit of Vietnamese
President to Sri Lanka last year. During the visit,the two governments
concluded eight agreements and number of memoranda of understanding in
different areas of co-operation. In the joint statement after the visit,
the two Presidents also set an ambitious two-way trade target of US $
1.0 billion by applying different measures including the possibility of
a Preferential Trading Arrangement between Sri Lanka and Vietnam in the
future.
Anton Godfrey, outgoing President of the Sri Lanka – Vietnam Business
Council appreciated the support received to the council from the Sri
Lanka Embassy in Vietnam, Embassy of Vietnam in Sri Lanka and the
Vietnam Chamber of Commerce and Industry during the council’s maiden
trade and investment promotion mission to Hanoi and Ho Chi Minh early
this year. “Mission to Vietnam in 2012 was a very successful visit with
economic seminars and B2B meetings with Vietnamese counterparts. Most of
the delegates concluded business agreements with leading Vietnamese
companies during the mission. It was revealed that some of the delegates
will be re-visiting Vietnam shortly on follow up action of their
business tie ups” said Anton Godfrey addressing the members of the
Council. Godfrey further stated that there is no doubt that the success
of the visit has attributed to the sharp increase of trade between the
two countries in the first quarter 2012.
Mahesha Ranasoma, Managing Director, Dipped Products PLC was
unanimously elected by the membership of the Council as the President of
the Sri Lanka – Vietnam Business Council of the Ceylon Chamber of
Commerce.
“At the launch of the Council under the aegis of the Ceylon Chamber
of Commerce in June 2010, we requested re-opening of the Embassy of
Vietnam in Colombo and we are glad that within one year, the Embassy was
re-opened in Colombo facilitating smooth issuance of visa to visit
Vietnam. Now we urge the two governments to consider facilitating direct
flights between the two countries to expand inbound and outbound travel”
said Dr. Ranasoma, emphasizing the importance of establishing direct
flights between the two countries to further expand not only trade
volumes, but also inbound and outbound tourism which is yet to develop.
The newly appointed office bearers comprised Dr. Mahesha Ranasoma,
President, Anton Godfrey, Immediate Past President and three Vice
Presidents, Patrick Rodrigo, Andre Fernando and Vinodh Hirdaramani.
The Committee will be represented by Astron Ltd., Brown & Co. PLC,
Merchant Lanka Pvt. Ltd. and Ranfer Group. Lilakshi de Mel, Senior
Assistant Secretary General will represent the Secretariat of the Ceylon
Chamber of Commerce.
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