Sri Lankan-Vietnamese business council established

The Vietnam-Sri Lanka Business Cooperation Council made its debut on October 19 in Sri Lanka’s capital Colombo, setting to boost bilateral trade, investment and tourism cooperation between the two countries.
The Vietnam-SriLanka Business Cooperation Council made its debut on October 19 in SriLanka’s capital Colombo, setting to boost bilateral trade, investmentand tourism cooperation between the two countries.

Addressing the opening ceremony, the President of Sri Lanka’s National Chamber of Commerce, Asoka Hettigoda, emphasised that as a branch of the chamber, the council aims to promote and expand the relationship between Vietnam and Sri Lanka , as well as economic cooperation, by bringing the business communities of both countries together.

He underlined that since the 17 major Sri Lankan businesses visited Vietnam last year, several of them have established a business relationship with Vietnamese partners and have already become members of the council.

Vietnam ’s Ambassador to Sri Lanka , Ton Sinh Thanh, applauded the inception of the council,describing it as an important event which will herald in newdevelopments in bilateral trade, investment and tourism cooperation ofboth countries.

He praised the effortsmade by businesses from both countries, especially Sri Lanka ’sNational Chamber of Commerce, which has contributed significantly toincreasing two-way trade in recent years. Last year, bilateral tradereached 113.2 million USD and is estimated to rise to 150 million USDthis year.

Thanh added that he hopes that the council will promote its role and exploit the potential of each country, strengthening and developing cooperation between businesses from both countries.

He stated that the Vietnamese Embassy in Sri Lanka will support and create the best possible conditions for Sri Lankan businesses to seek out opportunities in Vietnam .

At the ceremony, the 25 member council also elected its new leaders for the current term.-VNA

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