Sri Lanka and Vietnam to look at boosting organic farming, investments in IT, tourism - Opportunity Sri Lanka
Sri Lanka and Vietnam to look at boosting organic farming, investments in IT, tourism

Sri Lanka and Vietnam to look at boosting organic farming, investments in IT, tourism

Ambassador of Vietnam in Colombo Ho Thi Thanh Truc has recently paid a courtesy call on Sri Lanka’s State Minister of Regional Cooperation Tharaka Balasuriya at the Foreign Ministry premises.
State Minister Balasuriya has reportedly noted that the main focus of the Government of Sri Lanka is on economic development, tourism and building trade ties with countries in the Southeast Asia region while reiterating on the longstanding bilateral relations between the two countries.
During the meeting, Ambassador Truc has been quoted as explaining the steps taken by the Vietnam Government to introduce organic farming in Vietnam and has expressed willingness to share those experiences with Sri Lanka.
Sri Lanka and Vietnam currently enjoy an MoU on Agricultural Development Cooperation between the two countries.
State Minister Balasuriya has also discussed the possibility of furthering ties in the IT sector of Sri Lanka and Vietnam and has agreed to give a road show in Colombo Port City where Vietnam investors would get the opportunity to invest in areas such as IT and Software.
Explaining the possibility of increasing tourist arrivals from Vietnam, Balasuriya has highlighted that programmes on Sri Lanka tourism in Vietnam language, to be aired in social media can be facilitated to attract tourists from Vietnam.
The Vietnam Ambassador has further highlighted the importance of establishing direct air connectivity between Sri Lanka and Vietnam to encourage tourism.

OSL take:

Sri Lanka is engaged in strengthening it’s bilateral and trade ties with foreign countries. Despite the challenges posed by the global Covid 19 pandemic, Sri Lanka is fast becoming a business hub in the South Asian region given its geographical positioning in the Indian ocean and the many trade agreements as well as trade concessions enjoyed by the country. With several key economic sectors showing a positive growth momentum even amidst the pandemic, Sri Lanka’s attraction as a business/investment destination has received a further boost. Foreign businesses could therefore explore opportunities in Sri Lanka while also looking at setting up base in the island to use its trade pacts to engage with other countries.

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Article Code : VBS/AT/20210716/Z_4

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