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Vietnam, Sri Lanka seek ways to promote cooperation, investment

03-05-2012 14:30 BJT

NOI, March 5 (Xinhua) -- The Vietnam Chamber of Commerce and Industry (VCCI), in cooperation with the Vietnam-Sri Lanka Business Council and Sri Lanka Embassy in Vietnam, held here on Monday the Vietnam-Sri Lanka Business Forum to seek ways to promote cooperation and investment.

Vietnam and Sri Lanka share similarities in history and economic development. Vietnam believes that businessmen from the two countries will take full advantages of their countries' potential in expanding cooperation and investment, which will contribute to develop the bilateral ties, addressed VCCI Vice President Hoang Van Dung.

The forum is a good chance for Vietnam to introduce foreign investors, including those from Sri Lanka, with information about the country's investment environment, policies and orientations for future cooperation, from which bilateral trade ties will further be boosted in the coming years, said the VCCI official.

Sri Lanka is applying an open economy, so relations and cooperation between Vietnam and Sri Lanka will surely be developed to a new height, with contributions made by the two sides' business circle, said Sri Lanka Ambassador to Vietnam Ivan Amarasinghe.

Participants to the forum exchanged information and find trade partners for cooperation in such areas as pharmacy, healthcare, real estate, seafood, agricultural tools, technology, chemicals, papers and foodstuff.

According to VCCI, Vietnam-Sri Lanka trade turnover has increased over the past years, reaching 113.2 million U.S. dollars in 2011 compared with 50.5 million U.S. dollars in 2009.

Of the 2011 figure, Vietnam earned more than 83.3 million U.S. dollars from the exports, mainly with machines and spare parts, yarns, fabrics, plastics, chemicals, tea and rubber-made products, while it spent 29.8 million U.S. dollars for the imports such as animal feed, rubber, cotton and garments.

Editor:Zhang Jianfeng |Source: Xinhua

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