Sri Lankan PM urges serious efforts to achieve 1bln USD trade value
Sri Lankan Prime Minister Ranil Wickremesinghe called for serious efforts to be made to raise two-way trade value to 1 billion USD during a Vietnam-Sri Lanka investment forum held in Hanoi on April 18
Hanoi (VNA) – Sri LankanPrime Minister Ranil Wickremesinghe called for serious efforts to be made to raisetwo-way trade value to 1 billion USD during a Vietnam-Sri Lanka investmentforum held in Hanoi on April 18.
Speaking at the event, the PM saidSri Lanka wants to establish ties with many countries worldwide, especially thosein Asia, including Vietnam, vowing that the South Asian country always providesall possible support for investors there.
Sri Lankan businesses are interestedin extending their commercial reaches to the ASEAN member states and continuingto invest in Vietnam, he said, adding that both sides should further boosttourism cooperation.
In order to become an export-relianteconomy, he suggested investing in the Indian Ocean and Sri Lanka inparticular.
As Vietnam and Sri Lanka sharesimilarities, the PM encouraged Vietnamese firms to invest in transport,industry, shipbuilding, logistics and automobiles.
Chairman of the Vietnam Chamber ofCommerce and Industry (VCCI) Vu Tien Loc lauded Sri Lanka’s English proficiencyamong the general public, the use of European trade law system and standards,which he said, are extremely significant for the country to fulfill the goal ofbecoming a transit hub and gateway to the Indian Ocean.
He emphasised that Vietnam is agateway for Sri Lanka to navigate the Southeast Asian markets.
As a member of free trade agreementswith almost major economies across the world, Vietnam is hastening renovationand business climate improvement while facilitating start-ups, he said.
On the occasion, representatives fromthe two countries’ ministries and agencies introduced respective strengths andpotentials and discussed specific cooperative ideas.-VNA
Sri Lankan Prime Minister Ranil Wickremesinghe and his spouse began an official visit to Vietnam on April 16 at the invitation of Prime Minister Nguyen Xuan Phuc.
President Tran Dai Quang reiterated Vietnam’s consistent policy of treasuring traditional friendship and all-around cooperation with Sri Lanka during a reception in Hanoi on April 17.
Vietnam and Sri Lanka have friendly political relations. Economic and trade ties between the two countries have been constantly tightened and developed.
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At the event (Source: VNA) 
