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Huge untapped potential in SL-Viet Nam ties underscored

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Vietnamese Deputy Foreign Minister Do Hung Viet (R) conferring with Sri Lankan ambassador to Viet Nam Prof. A. Saj U. Mendis.

Deputy Foreign Minister of Viet Nam in charge of multilateral affairs as well as South-East Asia, East Asia and South Asia, Do Hung Viet, had an expansive bilateral meeting with the ambassador of Sri Lanka to Ha Noi, Prof. A. Saj U. Mendis and a delegation from Sri Lanka at the Head Office of the Ministry of Foreign Affairs. This was a meeting scheduled between the Deputy Foreign Minister and ambassador in order to schedule a meeting with the Minister of Foreign Affairs of Viet Nam to discuss a Work Plan and measures to elevate bilateral relations between the two countries since the Minister of Foreign Affairs of Sri Lanka met with him on the margins of the 3rd Belt and Road Initiatives (BRI) in Beijing.

A Sri Lankan embassy in Viet Nam press release said: ‘The aforementioned meeting with the Deputy Foreign Minister lasted nearly 40-minutes, during which a number of key and seminal issues were broached and addressed. The Deputy Foreign Minister accentuated and underlined the fact that the two countries have exceeding potential to elevate and deepen the bilateral relations ranging from trade, tourism, economic and commercial activity, culture to investments, which are yet to be unleashed and fructified.

‘During the congenial and highly focused bilateral meeting, Deputy Minister Viet stated that the regional connectivity was significant in the context of ASEAN, IOR, BIMSTEC and NAM, among others. He added it was most timely and opportune to translate and transform the existing traditional and conventional political, diplomatic and commercial relations between Viet Nam and Sri Lanka into robust economic cooperation and collaboration, in all spheres. Deputy Minister further added that the bilateral trade between the two countries still hovers around USD 300 million, whereas the factual potential and capacity would be well over twice this figure.

‘Ambassador Mendis stated that Viet Nam had imported goods and services worth in excess of USD 350 billion in 2022 and if Sri Lankan entrepreneurs and corporates could capture not 1% but only 0.1%, it would translate to USD 350 million worth of Sri Lankan exports to Viet Nam. Whilst both the Minister and envoy agreed of the potential which was yet to be unleashed, Mendis stated that the tourism from Viet Nam to Sri Lanka too was very modest due to the lack of connectivity or any direct flights. Deputy Minister agreed to address this issue as well as he stated that nearly 15 million Vietnamese tourists and travelers have travelled out of the country before the COVID, mostly to ASEAN countries, neighboring countries such as China and Japan and Europe. Envoy Mendis added if Sri Lanka could attract only 0.2% of these Vietnamese travelers of upper-middle income category, it would translate to close to 30,000 Vietnamese travelers travelling to Sri Lanka, thus patently boosting the province of tourism.

‘Deputy Minister was eager as much as the delegation of Sri Lanka to have the 5th Round of Bilateral Political Consultations in the second quarter of 2024 in Colombo as well as the 4th Joint Commission Meeting in the latter part of the year 2024 in Sri Lanka. Deputy Minister emphasized that these meetings and engagement would pave the way for very high level visits between the two countries, thus further strengthening, deepening and aggrandizing the bilateral relations in all realms.

‘Envoy Mendis expressed deep appreciation to the Deputy Minister for the unstinting and unconditional support and allegiance extended to Sri Lanka with regard to Human Rights Council (HRC) since Viet Nam is a member of the HRC. Also, Sri Lanka was elected to the UNESCO Executive Board and expressed gratitude to the delegation of Viet Nam for supporting Sri Lanka. Mendis further stated that Sri Lanka has been, consistently, supporting the positions and elections of Viet Nam given the most affable relations the two countries maintain. On a separate note, both the Deputy Minister and Envoy discussed the eagerness of Sri Lanka to become a member of the 15-member RCEP, which is the largest trading bloc consisting of 34% of global trade. Both the Deputy Minister and envoy recognized the untapped potential of Sri Lanka given its strategic location, human resource base and natural endowments, which were most fitting and felicitous for manufacturing, outsourcing and investments, particularly, ensuring the smooth and efficacious functioning of the regional and global logistic and supply chain.’



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Indra Traders launches Athwela Programme in partnership with Bank of Ceylon

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Rushanka Silva (Managing Director, Indra Traders) and Y. A. Jayathilaka (General Manager, Bank of Ceylon) appearing for a photograph after signing the agreement. Also present at the occasion (from left in the photo): Asitha Perera – Senior Sales Manager, Indra Traders, Dharma Ilangasinghe – Group General Manager, Indra Traders, Shashindra Silva – Sales Director, Indra Traders, R. M. N. Jeewantha – Deputy General Manager (Development Banking & Branch Credit Operations Range II), BOC, Samantha Wimalasiri – Assistant General Manager (Consumer & Development Banking), BOC, F. S. Naeem – Chief Manager (Development Banking), BOC, R. M. L. W. Ratnayake – Senior Manager (Consumer & Development Banking), BOC

Indra Traders recently introduced a special programme titled “Athwela” in collaboration with the Bank of Ceylon (BOC).

The programme was designed with a primary focus on customer convenience, aiming to provide essential support by simplifying the financial challenges often associated with vehicle purchasing and servicing. This initiative is regarded as a further strengthening of the trust and relationships Indra Traders has built over its decades of service excellence.

The partner for this program, the Bank of Ceylon (BOC), is Sri Lanka’s largest state bank and a premier financial institution. It offers an extensive island-wide branch network, exceptional customer service, and some of the most competitive interest rates in the market.

Speaking at the event, Rushanka Silva, Managing Director of Indra Traders, said: “Today is a very special day for us. As Indra Traders, a company engaged in business for over five decades, it is a great honor to enter into the ‘Athwela’ agreement with Sri Lanka’s largest bank. Through this program, we are working to provide various financial and service facilities, including leasing. As a company that imports everything from the smallest to the largest vehicles, we provide customers the opportunity to purchase any vehicle they need through our six yards located across the island. Even if a specific vehicle is not in our current stock, we are prepared to import it according to the customer’s requirement. I invite all customers to join hands with ‘Athwela’.”

Y. A. Jayathilaka, General Manager of Bank of Ceylon, added “At a time when restrictions on vehicle imports have been relaxed, it is a great pleasure for Bank of Ceylon, the strongest bank in the country, to partner with Indra Traders – a company with over 50 years of trusted history. Our goal is to provide a comprehensive and convenient service to leasing customers across the island by combining BOC’s extensive branch network with Indra Traders’ expertise.”

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Launch of new Beijing-Colombo air link announced in China

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Ambassador Majintha Jayasinghe and representatives of Beijing Capital Alliance at the destination promotion event where the new Beijing-Colombo air link was announced.

The Sri Lankan Embassy in Beijing together with Beijing Capital Airlines last week organized a destination promotion event and announced the launch the Capital Airlines direct flights from Beijing to Colombo.

While congratulating Beijing Capital Airlines for expanding the connectivity between Beijing and Colombo, the Sri Lanka Ambassador Majintha Jayesinghe highlighted the longstanding bilateral relations between the two countries and the significance of strengthening connectivity in line with the Joint Statement issued following the meeting in January 2025 between President Xi Jinping and President Anura Kumara Disanayaka, a news release from the embassy said.

The President of the Beijing Capital Airlines Liu Jun expressed appreciation and stated that the new route is an important milestone in expanding the airline’s South Asian network while strengthening the Air Silk Route. He also highlighted that this is the only direct flight connecting Northern China with Sri Lanka and a key Capital-to-Capital air link, it added.

There was no word about the flight frequency and when the service will begin.

Ambassador Jayesinghe reiterated that Sri Lanka is more than a holiday destination and is positioned as an exotic, experienced-rich, year-round travel destination offering warm and pleasant weather. He emphasized that Sri Lanka, as a stand-alone destination, provides a blend of rich history, eight UNESCO heritage sites, diverse landscapes, pristine beaches, dense forests, and scenic mountains, inviting Chinese travellers to explore and enjoy Sri Lanka.

The commencement of the Beijing – Colombo route will contribute to the social and economic development of both countries. The Beijing- Colombo service has filled a longstanding gap in the aviation market and will further promote the economic, trade, cultural and tourism development, while offering more convenient travel options, the news release said.

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SLT-MOBITEL and Fintelex empower farmers with the launch of Yaya Agro App

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From left to right – Supipi Nawarathne, Head, Department of Food Technology, UCIARS, Dr. Nisansala Widanapathirana, Head, Department of Agro Technology, UCIARS, Professor Champathi Gunathilake, Director, UCIARS, Dr. Nath Dharmasena, CEO, Fintelex Pvt Ltd, Sudharshana Geeganage, COO, Mobitel, Professor Indika Mahesh Karunathilaka, Vice Chancellor, University of Colombo, Pradeep Arunasiri, Consultant Agronomist – Digital Inclusion, Fintelex Pvt Ltd, and Madura Hewage, Senior Manager – VAS, Mobitel, at the launch of Yaya Agro.

SLT-MOBITEL Mobile, in collaboration with Fintelex (Pvt) Ltd, has launched ‘Yaya Agro’, an exclusive all-in-one smart agriculture app designed to empower Sri Lankan farmers with the tools they need to grow smarter, safer, and more sustainably.

Yaya Agro represents a new era of digital farming in Sri Lanka combining technology, expert knowledge, and community empowerment to provide farmers the confidence to make smarter decisions, improve productivity, and build a sustainable future.

Developed with support from GIZ and Hatch and validated by leading academic and professional institutions including the University of Colombo, Institute for Agrotechnology and Rural Sciences, and the Sri Lanka Red Cross Society, Yaya Agro combines agricultural expertise, real-time weather updates, first aid support, and AI-powered assistance into a single, easy-to-use platform.

The launch of Yaya Agro positions SLT-MOBITEL as an innovative, inclusive, and collaborative technology leader. Partnering technology and academic institutions, the company extends its role outside the sector into agriculture, empowering farmers with AI-driven tools, multilingual access, and market connectivity. The initiative also strengthens SLT-MOBITEL’s image as a champion of digital empowerment and sustainable development in Sri Lanka.

Functioning as a comprehensive digital companion, Yaya Agro is positioned as a digital farming companion, bringing precision agriculture, real-time support, and market access to the fingertips of every Sri Lankan farmer.

Whether managing a small home garden or a large commercial farm, the app equips farmers with vital insights to improve crop yield, reduce risks, and connect directly with buyers through the integrated online marketplace.

Yaya Agro offers farmers daily crop information with expert tips on management, pest control, and best practices, all validated by the University of Colombo. It provides accurate, location-based weather forecasts to help plan farming activities more effectively. The app also delivers life-saving first aid tutorials and safety information verified by the Sri Lanka Red Cross Society, ensuring farmers are prepared for emergencies. With the AI chatbot assistant, farmers can access instant, personalized advice around the clock, with smart notifications delivering timely alerts and reminders tailored to crop cycles.

To make learning inclusive and accessible, Yaya Agro is available in Sinhala, Tamil, and English, offering interactive educational content such as videos, voice guides, and infographics. The app also integrates an online marketplace, developed in partnership with GIZ and Hatch, enabling farmers to connect directly with buyers and expand their reach.

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