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President of largest Business Chamber of Viet Nam voices optimism on SL’s economy

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President VCCI, Pham Tan Cong, meets SL’s ambassador to Viet Nam Prof. A. Saj U. Mendis.

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.’



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AAC looks towards a future of vertical mobility in Sri Lanka

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Drones could be facilitators of vertical mobility.

The Automobile Association of Ceylon (AAC) is looking beyond the traditional boundaries of mobility and road safety toward the future of mobility through sustainable developments in vertical mobility applications under the global guidance of the Fédération Internationale de l’Automobile (FIA).

AAC President Mr. Dhammika Attygalle believes AAC has the potential to contribute sustainable and proven systems, regulatory understanding, and international mobility frameworks toward developing Sri Lanka’s future mobility landscape while supporting the country’s broader economic development.

Representing Sri Lanka at the recent FIA Regional Drone and Vertical Mobility initiative held in Nepal was AAC Executive Committee Board Member Indula Sumithraarachchi, who participated alongside regional delegates and international mobility experts discussing the applications of vertical mobility systems and evolving regulatory frameworks covering mobility integration, safety, aviation and legal regulations.

“As mobility technologies evolve globally, we see vertical mobility as a natural extension of future mobility ecosystems. We believe vertical mobility is connected to sustainable areas not limited to future urban mobility, transport and logistics, infrastructure integration, safety frameworks, disaster and emergency response, and environmental efficiency,” he stated.

Drones are already being commercially utilized in Sri Lanka for dronegraphy (photography and videography using drones), agriculture, surveying and mapping, events, and marketing. However, it is important that greater attention is given toward safety standards, operational protocols, and aviation regulations, licensing, approvals and career professionalism as drone pilots within Sri Lanka in order to make these technologies safer and more accessible to the public.

International mobility experts increasingly recognize drones as part of a wider vertical mobility ecosystem operating alongside aviation and respective local regulatory frameworks. Experts explain that drone systems are helping countries establish regulatory structures, safety standards, technical expertise, aerial management systems, and operational frameworks that may eventually support broader future mobility technologies.

For AAC, the relationship between drones and vertical mobility represents a wider future mobility framework involving how people, services, safety, infrastructure, information, and transport systems may operate in more connected, intelligent, and efficient ways beyond conventional road-based transportation.

For decades, AAC has played an important role in Sri Lanka’s mobility sector through road safety advocacy, motoring assistance, tourism support services, driver awareness initiatives, and public mobility education. The association has continuously contributed toward improving safe mobility practices for Sri Lankan road users and motorists.

AAC now aims to position Sri Lanka within these evolving international mobility conversations while ensuring that future mobility development remains safe, responsible, and aligned with international standards.

The association also believes collaboration between regulators, aviation authorities, educational institutions, private sector innovators, and international mobility organizations will become increasingly important as future mobility ecosystems continue to develop globally.

Through FIA-supported international engagement and regional collaboration, AAC hopes to contribute toward building awareness and understanding of future mobility opportunities while ensuring Sri Lanka remains connected to emerging global transportation developments.

As mobility increasingly moves toward smarter, interconnected, and technology-driven systems worldwide, AAC’s initiatives into vertical mobility reflect its broader vision of supporting safe, progressive, and future-ready mobility solutions for Sri Lanka and future generations.

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Vietjet Air announces Colombo – Ho Chi Minh City route

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Vietjet announces its Ho Chi Minh City – Colombo direct route, in the presence of General Secretary and President of Vietnam To Lam (center) and Prime Minister of Sri Lanka Harini Amarasuriya (second from right)

Vietjet Air, Vietnamese new-age hybrid airline, has announced its first direct service connecting Colombo to Ho Chi Minh City at the Sri Lanka – Vietnam Trade, Investment and Tourism Cooperation Forum. The announcement took place in the presence of General Secretary and President of Vietnam To Lam, Prime Minister of Sri Lanka Harini Amarasuriya, and senior officials from both countries.

This is the airline’s first direct service between Sri Lanka and Vietnam, supporting the airline’s international expansion while contributing to stronger economic, trade, tourism, and people-to-people ties between the two nations.

The Colombo – Ho Chi Minh City route is expected to commence in August 2026 with four round-trip flights per week. Travelers from Colombo will soon enjoy affordable fares and seamless connectivity to Vietnam’s leading tourism and business hubs, along with convenient access through Vietjet’s extensive international flight network to major destinations across the Asia-Pacific region, including Australia, Japan, South Korea, China, and beyond.

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SDB bank and Hayleys Mobility forge strategic partnership to advance sustainable mobility and private vehicle leasing

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Tharanga De Silva - Chief Manager, Business Banking – SDB bank, Lahiru Ekanayake - Senior Manager - Leasing SDB bank, Chitral De Silva - Chief Business Officer- SDB bank, Manoj Akmeemana - Deputy Chief Executive Officer- SDB bank, Kapila Ariyaratne - Executive Director/Chief Executive Officer- SDB bank, Hasith Prematillake- Managing Director- Hayleys Mobility Limited, Roshani Dharmaratne - Executive Director - Hayleys Mobility Limited, Suraj Chularathne- Assistant General Manager- Hayleys Mobility Limited, Panduka Rathnayake - General Manager Finance - Hayleys Mobility Limited, Anjana Jayarathne - Asst. Manager Channel Development - Hayleys Mobility Limited

SDB bank has entered into a strategic partnership with Hayleys Mobility Limited through the signing of a Memorandum of Understanding, reinforcing the bank’s commitment to expanding access to structured mobility financing while advancing its broader sustainability banking agenda. The collaboration brings together two established institutions to support customers seeking leasing solutions for private vehicles, with a notable emphasis on electric vehicles as part of a more future-focused approach to transportation.

The MoU was signed recently at the Hayleys Mobility office in Union Place, in the presence of senior representatives from both organizations. Representing SDB bank Kapila Ariyaratne, Executive Director and Chief Executive Officer, Manoj Akmeemana, Deputy Chief Executive Officer, Chitral De Silva, Chief Business Officer, Lahiru Ekanayake, Head of Leasing and Tharanga De Silva Chief Manager, Business Banking were participated. Hayleys Mobility Limited was represented by Managing Director Hasith Prematillake, Director Roshani Dharmaratne, Mr. Panduka Rathnayake – General Manager Finance, and Mr. Suraj Chularathne – Assistant General Manager.

The partnership is designed to expand access to private and sustainable leasing solutions across Sri Lanka, while also responding to growing interest in cleaner and more responsible mobility choices. By placing special focus on electric vehicle leasing, the initiative reflects SDB bank’s recognition of changing customer preferences and the importance of supporting more sustainable transport options through accessible financing.

In addition to supporting conventional private vehicle financing, the collaboration enables customers to benefit from a more integrated experience that brings together vehicle selection and financing under a single proposition. Through the combined reach of SDB bank and Hayleys Mobility, the partnership is expected to improve accessibility and convenience for customers across the country, including professionals, self-employed individuals, business owners and other private vehicle buyers looking for reliable, structured leasing solutions.

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