3 August 2017 12:01 am
A 24-member business delegation organized by the Ministry of Industry and Trade Vietnam will be visiting Sri Lanka this month.
In order to facilitate this official/business delegation to meet the business community in Sri Lanka to share information regarding opportunities available for trade and investment with Vietnam, the Ceylon Chamber of Commerce in association with the Greater Mekong Sub-Region Business Council of the Chamber will be organising a business briefing session followed by B2B meetings on August 11th at 9.00 a.m. at the Ceylon Chamber of Commerce.
Amongst the products delegates wish to promote in Sri Lanka are; agricultural machinery, power generation equipment including voltage stabilizers, mineral products, processed food and beverages, cement, clinker, construction material, household appliances, electric and wire cable, electric equipment, instant food, marine gearboxes, mechanical spare parts, milk powder, motorcycle spare parts, non-woven fabrics (materials for manufacturing wet towel), nutrition products, paper products, seafood, waterproofing and concrete protection materials.
Vietnam is a densely populated developing country that has been transitioning from the rigidities of a centrally planned, highly agrarian economy since 1986 to a more industrial and market based economy, raising incomes substantially. In 2016, Vietnam missed its yearly growth target of 6.7 percent due to environmental issues – drought and salinization - impacting the agricultural sector and low oil prices affecting the extractive sector. However, annual GDP growth was 6.2 percent, reflecting strengthening domestic demand and strong manufacturing exports.
Vietnam has a young population, stable political system, commitment to sustainable growth, relatively low inflation, stable currency, strong FDI inflows, and strong manufacturing sector.
In addition, the country is committed to continuing its global economic integration. Vietnam joined the WTO in January 2007 and concluded several free trade agreements in 2015-2016, including the EU-Vietnam Free Trade Agreement, the Korean Free Trade Agreement, and the Eurasian Economic Union Free Trade Agreement.
Companies interested in meeting the delegates should register before 9th August. For further details contact us on Tel. 5588875, 5588818 or 5588888 or E-mail – julianne@chamber.lk