Sri Lanka-Vietnam Trade Center opens in Colombo

16:07 | 07/08/2014 Cooperation

(VEN) - The Sri Lanka-Vietnam Trade Center was inaugurated on August 6 in Colombo, Sri Lanka, to promote economic achievements, the investment environment, and potential and demand for Sri Lanka’s investment, trade and tourism in Vietnam.

Vietnamese Ambassador to Sri Lanka Ton Sinh Thanh said that the center was open at the right time when the relations between Vietnam and Sri Lanka were growing rapidly. Two-way trade revenues increased by about 30 percent per year in the last three years, the highest growth when compared with other countries in South Asia. Trade between Vietnam and Sri Lanka reached US$109 million in the first six months of this year, including US$66 million worth of Vietnamese exports to Sri Lanka and about US$43 million worth of Vietnamese imports from this market.

In his welcome speech, Governor of the Central Bank of Sri Lanka Ajith Nivard Cabraal spoke highly of the efforts of the APL Group and the Aruna Lekamge Group Chairman in establishing the Sri Lanka-Vietnam Trade Center to meet the need of businesses of the two countries and keep up with the robust development trend in Asian economies. He hoped that the center would boost the trade, investment and tourism relations between the two countries./.

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