Remarks by H.E. Mr. Ton Sinh Thanh, Vietnamese Ambassador at the National Chamber of Commerce and Industries,
Members of National Chamber of Commerce and Industries
Ladies and gentlemen,
Thank you very much for giving me this opportunity to discuss about Vietnam- Sri lanka economic relations. First of all, I would like to say that our relationship not only has a firm foundation and also has good opportunities to develop. An important foundation is the traditional friendship and very good political bonds between our two countries. The initial contacts between us can be dated back hundred years ago. Both countries had to struggle to regain our independence. Early last century, our great leader Ho Chi Minh on his way to Europe had twice stopped over in
Our relationship is problem-free. Moreover, our two people always share good feelings and sympathy to each other. We maintain our mutual support and close coordination in the international arena at presence. Thus, the traditional friendship and strong political bonds between the two countries have become an invaluable inherent property that constitutes a strong foundation for our relationship.
New developments in both countries and the world are openning a lot of opportunities for our cooperation. With the end of the civil war, Sri Lanka in its process of reconstruction need to carry out many projects in tourism, agriculture, fishery and aquaculture, road and port development, oil and gas exploration… This process definitely needs a lot of domestic and external resources. I am sure foreign investors will find
At the same time, there are a lot of opportunities for Sri Lankan business in
Though the world economy looks gloomy now, there are still some silver edges. The debt crisis in the US and Europe may cause some difficulties for our exports, but at the same time due to this crisis, the companies there may have to move their production to developing countries like Vietnam and Sri Lanka. The rising labour costs in China is also the reason for the investors to move their capital to Vietnam and Sri Lanka…There may be a new wave of FDI to our countries that we should not lose. We should create most favourable conditions for them to come.
Thus, there are strong foundation and potentials for economic relations between
Against this background, what can we expect from the relationship between the two countries? In my opinion, we should try to become strong economic partner of each other. In 2015, the two countries should aim at reaching US$ 200-300 million of two-way trade, US$ 200-300 million of two-way investments and 10 thousand tourists from each side. To achieve the above targets, lot of works have to be done. We should have more exchange of business delegations. We should exchange the lists of trade fairs from both sides and encourage more participation in trade fairs from each side. We should find ways to make use of the FTA between
In conclusion, we would like to express our hope that
Thank you for your attention.
Last modified 08-11-2011