Sri Lanka to unlock new trade opportunities with Vietnam
Daily FT: The National Chamber of Commerce of Sri Lanka is set to host an exclusive Bilateral Trade and Investment session with the gracious presence of Vietnam’s Ambassador to Sri Lanka Trinh Thi Tam on 30 July at the Chamber Auditorium, No. 450, D.R. Wijewardena Mawatha, Colombo 10.
This exclusive event will explore opportunities for the Sri Lankan business community to directly engage with the Vietnam Ambassador and gain firsthand insights into Vietnam’s trade policies, investment climate, and the growing scope for bilateral collaboration. The Ambassador will highlight key areas of economic cooperation and discuss emerging sectors that offer potential for Sri Lankan businesses to explore.
Key objectives of the session: Strengthening Sri Lanka-Vietnam trade and investment ties, gaining insights into Vietnam’s market dynamics and investment climate, fostering business connections for mutual economic growth.
Sri Lanka’s major exports to Vietnam: Animal feed; apparel; cartons, boxes, cases, bags and other packing contains of paper; chemical products; compounded rubber, crepe rubber, retreaded or used pneumatic tyres of rubber; fish fillets and other fish meat; gloves, mitts and mittens of textile; knitted or crocheted fabrics; made-up clothing accessories (handkerchiefs, shawls, scarves, ties, etc.); man-made filaments, special woven fabrics; tea; wadding, felt and non-wovens, special yarns and twine.
Sri Lanka’s major imports from Vietnam: Apparel; cotton; iron and steel; knitted or crocheted fabrics; man-made filaments; man-made staple fibres; miscellaneous chemical products; natural rubber; nuclear reactors, boilers, machinery and chemical appliances; products of plastics; reception apparatus for television; residues and waste from the food industries; smoked sheet rubber; special woven fabrics; telephones sets including telephones for cellular networks.
With Vietnam recognised as one of Sri Lanka’s key trading partners in Southeast Asia, this forum is expected to serve as a strategic platform to unlock new opportunities for trade diversification and bilateral investment growth. The National Chamber warmly invites exporters, importers, and investors across all sectors to participate in this meaningful dialogue and be part of enhancing Sri Lanka–Vietnam business relations.
OSL take:
Sri Lanka is currently in the process of further strengthening the country’s existing trade ties while also looking at expanding trade ties to include new countries. Sri Lanka already enjoys the benefits of many trade agreements and trade concessions with many foreign countries thereby gaining access for local products in many foreign markets. While Sri Lanka is working on expanding the country’s trade ties, local exporters are also being encouraged to add more value to their products and to diversify their export product portfolios to meet the evolving needs of the global marketplace. It is in such a backdrop that Sri Lanka is looking at new trade opportunities with Vietnam. Businesses/investors in Vietnam could therefore confidently explore the emerging opportunities in Sri Lanka while also looking at expanding operations through collaborations with Sri Lankan businesses. On the other hand, Sri Lankan businesses could also look at expanding operations through partnerships or joint ventures with Vietnamese businesses. Also, other foreign businesses interested in doing business with Vietnam could look at centrally locating operations in Sri Lanka to engage with Vietnam using the strong trade ties between the two countries.
| Article Code : | VBS/AT/20250804/Z_3 |