📈 Sri Lanka–Vietnam Business Council Launched to Unlock $ 1 Bn Trade Target

The Ceylon Chamber of Commerce has officially launched the Sri Lanka–Vietnam Business Council—its 22nd bilateral business council—with 30 founding members to translate strong diplomatic ties into tangible economic outcomes. • Bilateral Trade & Targets: Annual bilateral trade currently remains below US$ 500 Mn, but both nations aim to reach a target of US$ 1 Bn by 2030 through enhanced business-to-business (B2B) links. • Key Sectors & Opportunities: The council will focus on high-potential sectors including manufacturing, agriculture, logistics, tourism, ICT, renewable energy, and professional services. • Air Connectivity: Expanded direct flight services between Ho Chi Minh City and Colombo by Vietnam Airlines and Vietjet Air are already driving increased trade delegations and business travel. • Strategic Focus: Priority will be given to connecting small and medium-sized enterprises (SMEs), young entrepreneurs, and major firms through trade delegations and direct investments.