Business
President of largest Business Chamber of Viet Nam voices optimism on SL’s economy
Chairman and president of the Viet Nam Chamber of Commerce and Industry, known as VCCI, Pham Tan Cong, had a comprehensive and detailed bilateral meeting with the ambassador of Sri Lanka to Viet Nam, Prof. A. Saj U. Mendis, at the VCCI head office in Ha Noi. The VCCI is the largest and most influential business chamber in Viet Nam consisting of nearly 15,000 members/corporates. The VCCI plays a seminal and pivotal role as the most reputed Business Chamber in navigating and steering the economy of the country, including but not limited to trade, investments, employment and tourism, a press release issued by the Sri Lankan embassy in Viet Nam said.
The release adds: ‘The meeting with President Pham Tan Cong lasted approximately 45 minutes, during which, President Cong highlighted the economic and commercial vantages of Sri Lanka. He further added that Sri Lanka is also well-poised and well-positioned to be a rapidly developing economy in the region mostly due to the strategic location, human resources, literate and adaptable workforce, connectivity to the world and infrastructure, among others.
‘Ambassador Mendis stated that the unprecedented rise and advancement of Viet Nam since 1995, in a single generation, was commended and admired by many a nation world over. He further added that in 1990, the GDP per capita of Viet Nam was only USD 90 and today it has risen to USD 4,500. Prof Mendis did make a parallel to the economy of Viet Nam stating that the GDP per capita of Sri Lanka is also in the vicinity of USD 3,800 with stable and predictable macro and micro economic dimensions coupled with economic and political stability. Prof Mendis accentuated that Sri Lanka is ideally located and placed to attract and woo FDIs and FIIs from world over including from Viet Nam. Both the President and Envoy touched upon the bilateral trade between the two countries and the President added that the bilateral trade between the two countries needs to be boosted to USD 500 million by next year and to USD one billion within the next couple of years.
‘President Cong stated since almost all the large corporates both Vietnamese and foreign are members of the VCCI, the Embassy of Sri Lanka is to provide and extend sufficient quantum of information on Sri Lanka particularly in the sphere of investments and trade to be disseminated to select corporates based in Viet Nam. Both the President and Envoy discussed the necessity to have direct flights, thus enhancing bilateral tourism as well as other commercial and economic activity.
‘Prof Mendis added that the recent listing of one of the largest corporates of Viet Nam, specialized in manufacturing of automobiles and electric vehicles (EVs), named Vinfast on the NASDAQ stock market of the US was a testament of the economic and commercial augmentation of Viet Nam. For record, Vinfast Group, after the listing in the US, had a market capitalization of nearly USD 100 billion, surpassing the combined market cap. of both the General Motors and Ford. Envoy Mendis, unequivocally, enunciated the fervent desire and interest of Sri Lanka to be proactively engaged with Viet Nam in the realm of trade, investments, FDIs, tourism and employment, amongst others. Both the President and Envoy stated that the bilateral trade of Viet Nam, last year, was over USD 730 billion and greater than even the GDP of Viet Nam. President added that the patent secret of having such high degree of exports and imports were primarily due to the number of FTAs and strategic partnership agreements of Viet Nam with a number of select countries.’
Business
Sri Lanka betting its tourism future on cold, hard numbers
National Airport Exit Survey tells quite a story
Australia’s role here is strategic, not charitable
In a quiet but significant shift, Sri Lanka’s tourism sector is moving beyond traditional destination marketing and instinct-based planning. The recent launch of the “From Data to Decisions” initiative jointly backed by Australia’s Market Development Facility and the Sri Lanka Tourism Development Authority, sent an unambiguous message: sentiment is out, statistics are in.
The initiative is anchored by a 12-month National Airport Exit Survey, a trove of data covering 16,000 travellers. The findings sketch a new traveller profile: nearly half are young (20–35), independent, and book online. Galle, Ella, and Sigiriya are the hotspots; women travellers outnumber men; and a promising 45% plan to return. This isn’t just trivia. It’s a strategic blueprint. If Sri Lanka Tourism listens, it can tailor everything from infrastructure to marketing, moving from guesswork to precision.
The keynote speaker, Deputy Minister Prof. Ruwan Ranasinghe called data “a vital pillar of tourism transformation.” Yet the unspoken truth is that Sri Lanka has long relied on generic appeals -beaches, heritage, smiles. In today’s crowded market, that’s no longer enough. As SLTDA Chairman Buddhika Hewawasam noted, this partnership is about “elevating how we collect, analyse, and use data.”
Australia’s role here is strategic, not charitable. By funding research and advocating for a Tourism Satellite Account, it is helping Sri Lanka build a tourism sector that is both sustainable and measurable. Australian High Commissioner Matthew Duckworth linked this support to “global standards of environmental protection” – a clear nod to the growing demand for green travel. This isn’t just aid; it’s influence through insight.
“The real test lies ahead,” a tourism expert told The Island. “Data is only as good as the decisions it drives. Will these insights overcome bureaucratic inertia? Will marketing budgets actually follow the evidence toward younger, independent, female travellers?,” he asked.
“The comprehensive report promised for early 2026 must move swiftly from recommendation to action. In an era where destinations are discovered on Instagram and planned with algorithms, intuition alone is a high-stakes gamble. This forum made one thing clear: Sri Lanka is finally building its future on what visitors actually do – not just what we hope they’ll do. The numbers are in. Now, the industry must dare to follow them,” he said.
By Sanath Nanayakkare
Business
New ATA Chair champions Asia’s small tea farmers, unveils ambitious agenda
In his inaugural address as the new Chairman of the Asia Tea Alliance (ATA), Nimal Udugampola placed the region’s millions of smallholders at the core of the global tea industry’s future, asserting they are the “indispensable engine” of a sector that produces over 90% of the world’s tea.
Udugampola, who is also Chairman of Sri Lanka’s Tea Smallholdings Development Authority, used his speech at the 6th ATA Summit held in Colombo on Nov. 27 to declare that the prosperity of Asian tea is “entirely contingent” on the resilience of its small-scale farmers, who have historically been overlooked by premium global markets.
“In Sri Lanka, smallholders account for over 75% of our national production. Across Asia, millions of families maintain the quality and character of our regional teas,” he stated, accepting the chairmanship for the 2025-2027 term.
To empower this vital community, Udugampola unveiled a vision focused on Sustainability, Equity, and Digital Transformation. The strategic agenda includes:
Climate Resilience: Promoting climate-smart agriculture and regenerative farming to protect smallholdings from environmental disruption.
Digital Equity: Leveraging technology like blockchain to create farm-to-cup traceability, connecting smallholders directly with premium consumers and ensuring fair value.
Market Expansion: Driving innovation in tea products and marketing to attract younger consumers and enter non-traditional markets.
Standard Harmonization: Establishing common regional quality and sustainability standards to protect the “Asian Tea” brand and push for stable, fair pricing.
Linking the alliance’s goals to national ambition, Udugampola highlighted Sri Lanka’s target of producing 400 million kilograms of tea by 2030. He presented the country’s “Pivithuru Tea Initiative” as a model for other ATA nations, designed to achieve this through smallholder empowerment, digitalization, and aligned policy objectives.
By Sanath Nanayakkare
Business
Brandix recognised as Green Brand of Year at SLIM Awards 2025
Brandix Apparel Solutions was recognised as the Green Brand of the Year at the Sri Lanka Institute of Marketing (SLIM) Brand Excellence Awards 2025, taking home Silver, the highest award presented in the category this year.
The ‘Green Brand of the Year’ recognises the brand that drives measurable environmental impact through sustainable practices, climate-aligned goals and long-term commitment to protecting natural resources.
A pioneer in responsible apparel manufacturing for over two decades, Brandix has championed best practices in the sphere of sustainable manufacturing covering environmental, social, and governance aspects. The company built the world’s first Net Zero Carbon-certified apparel manufacturing facility (across Scope 1 and Scope 2) and meets over 60% of its energy requirement in Sri Lanka via renewable sources.
Head of ESG at Brandix, Nirmal Perera, said: “Being recognised as Green Brand of the Year is an encouraging milestone for our teams working across sustainability.”
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