Viet Nam to create favorable conditions for Sri Lankan businesses

Nov 18, Hanoi: The government of Viet Nam would create the most favourable conditions for Sri Lankan businesses to find investment and trade opportunities in Viet Nam, the country’s President has said.

Vietnamese President Truong Tan Sang has made these remarks when he received a Sri Lankan business delegation led by Sri Lanka National Chamber of Commerce President Asoka Hettigoda in Hanoi yesterday.

The Sri Lankan delegation comprises 18 businessmen from the Sri Lanka National Chamber of Commerce and members from the Export Development Board of Sri Lanka.

Receiving the Sri Lankan delegation the President has said the visit was a good sign to speed up Viet Nam-Sri Lanka trade and economic relations.

The Sri Lankan government currently exports rubber products, gems and jewellery to Vietnam and expects to expand the exports further.

The President hopes the businesses of the two countries would take advantage of opportunities to cooperate and enter into joint ventures to raise the bilateral trade turnover to US$1 billion by 2015.

President Sang and a 60-member high-powered business delegation visited Sri Lanka last month for a three-day visit to promote greater economic cooperation between the two countries.

The leader of the Sri Lankan delegation has said that his businesses were interested in textiles and garments, precious stones, health, rubber and rubber wood, machines and tourism.

Hettigoda has said that Sri Lankan delegation’s visit aimed at not only studying the local market, but also setting up long-term investments in Viet Nam.

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