Sri Lanka investors invited to expand investment in Ho Chi Minh city

Friday, 13/03/2020 16:40
Chairman of the Ho Chi Minh city People’s Committee Nguyen Thanh Phong said the Vietnam - Sri Lanka relationship has developed well in diverse areas since diplomatic relations were established in 1970.

Vietnam - Sri Lanka relationship promoted

Chairman Nguyen Thanh Phong (right) presents a gift to Ambassador Sampath Prasanna Walpita Gamage (Photo: thanhuytphcm.vn)


He made the statement during his reception for new Sri Lanka Ambassador to Vietnam Sampath Prasanna Walpita Gamage on March 12
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According to Mr. Phong, at present, there are 10 Sri Lanka projects worth USD1.1 million in the city, ranking 57th among 108 countries and territories investing in the city, and focusing on the textile and garment and rubber sectors. 

Appreciating the high potential for tourism cooperation between the two sides, Mr. Phong said that in 2019, Ho Chi Minh city welcomed nearly 11,000 Sri Lanka tourists, an increase of 9.7% in 2018. “Therefore, if Ho Chi Minh city and Sri Lanka set up a direct route, it will help increase cooperation in tourism, trade and investment between the two sides,” he said. 

Sharing the city target in rising to be an economic, financial, scientific, technological and high quality services center of the Southeast Asia, Mr. Phong added that the city is being built into a smart urban city, a regional and international financial center, with a highly interactive and innovative area; therefore, he urged the Sri Lanka Ambassador to introduce Sri Lanka investors to the city. 

Chairman Phong urged the ambassador to promote development of cooperation in economics, trade and tourism to benefit both sides.

For his part, Ambassador Sampath Prasanna Walpita Gamage noted that as this year marks an important event in the two countries’ relationship, Sri Lanka is planning to organize diverse cultural and economic activities in Vietnam and in Ho Chi Minh city.

He expressed his confidence that there will be an increased number of Sri Lanka tourists to Vietnam. “In economics, many Sri Lanka businesses intend to expand production in Vietnam, especially after it signed free trade agreements with countries and regions in the world,” he said, adding that this year, Sri Lanka will send more delegations of businesses to Vietnam and Ho Chi Minh city for trade promotion./.

Compiled by BTA

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