The business communities of Vietnam and Sri Lanka are keen to expand investment and cooperation in many areas.
This view was shared at a Vietnam-Sri Lanka business forum in Hanoi on March 5.
Hoang Van Dung, Vice Chairman of Vietnam Chamber of Commerce and Industry (VCCI) said the two countries’ import-export turnover has risen from $50.5 million in 2009 to $113.2 million in 2011.
Vietnam exports machinery, silk, cloth, plastics and tea, rubber to Sri Lanka and it imports feed for cattle, garments and textiles from the country, he added.
Ivan Amarasinghe, Sri Lankan Ambassador to Vietnam, said Sri Lanka has an open economy. Therefore, trade cooperation between the two countries will be promoted through their business communities.
The forum, co-organized by the VCCI and the Ceylon Chamber of Commerce, aims to create opportunities for the two business communities to cooperate in the fields of medicine, health care, real estate, seafood, agricultural machinery, technology, chemicals, paper and food production.