NCCSL to promote trade between Lanka and Vietnam
The National Chamber of Commerce of Sri Lanka (NCCSL) together with
the Sri Lankan Embassy in Vietnam will send a Sri Lankan business
delegation to Ho Chi Minh and Hanoi cities of Vietnam concurrent to the
Vietnam Expo 2008 in April.
The trade delegation would leave for Vietnam during the first week of
April. The Sri Lanka Embassy in Vietnam will assist the National Chamber
with regard to all the logistics for the visit.
The delegation would establish new trade links with their
counterparts in Vietnam for export, imports and joint ventures. In
addition to participating in the Vietnam Expo 2008, arrangements have
been made for the delegation to meet heads of trade related Government
Organisations and members of Trade Chambers in Vietnam. Site seeing too
has been arranged. The delegation will be led by the president of the
National Chamber of Commerce of Sri Lanka, D. Essuwaren.
Vietnam has become a fast developing economy in Asia- parallel with
the other newly emerging countries in the South and East Asian region.
Increased development activities, specially trade and industrial
activities and the contribution they receive from developed countries
have made Vietnam emerge as a fast developing economy in the recent
Foreign direct investment to Vietnam during the past year has touched
40 Billion US Dollars with about four million tourists' arrivals.
Stable political and social environment, newly initiated development
programs, expertise from the developed countries and the determination
of the Vietnamese people are some of the major factors behind its recent
achievements. Vietnam's recent accession to the World Trade Organisation
(WTO) provides many opportunities for Sri Lankan businessmen to enter
the Vietnam market with reduced tariff.
This will be further strengthened by the growing purchasing power of
Vietnamese people, said A. L. Ratnapala, Sri Lanka's Ambassador to
Vietnam when he visited the National Chamber of Commerce recently.
According to the Ambassador, bilateral trade could be focused on
agricultural and industrial machinery, tea, food and beverage, herbal
cosmetic and drinks, electronic items, textile and fashion items,
cosmetics, automobile accessories, shoes and leather products,
handicraft gift items, pharmaceuticals, medical equipment, gem and
jewellery, confectionery, chocolates and rubber products.