Vietnam, Cuba to enhance trade, investment ties
Minister of Construction Nguyen Thanh Nghi holds a working session with Cuban Minister of Foreign Trade and Foreign Investment Rodrigo Malmierca Diaz in Hanoi on September 27. (Photo: hanoimoi.com.vn)
Minister of Construction Nguyen Thanh Nghi held a working session with Cuban Minister of Foreign Trade and Foreign Investment Rodrigo Malmierca Diaz in Hanoi on September 27.
Minister Nghi noted that the implementation of the two countries’ trade agreement has not produced desired outcomes due to the COVID-19 pandemic.
He stressed that Vietnam has been making efforts to ensure rice supply for Cuba in accordance with reached agreement, to help Cuba ensure food security and social stability.
Regarding Vietnam’s investment in Cuba, the minister noted that two Vietnamese firms – Viglacera and Thai Binh – have invested in five projects in Cuba, two of which have been put into operation with good results.
Vietnam has also maintained cooperation with Cuba in agriculture and fisheries to help Cuba step by step become self-sufficient in food. At present, the two sides are focusing efforts to carry out the 2019-2023 joint rice farming project in Cuba. The Vietnamese government has also approved the idea on two new projects proposed by Cuba in developing aquaculture and maize cultivation in Cuba.
Noting Cuba’s strength in health care and bio-technology, Minister Nghi said Vietnam has a need for cooperation in those fields. He suggested that the two countries can cooperate not only in the import-export of vaccines and drugs but also in the research to develop and produce vaccine, biological products and medicine either in Vietnam or Cuba for both domestic consumption and export.
Cooperation in other fields, such as construction, transport, communications, banking, finance, sports, culture, broadcasting and science-technology, is also implemented in line with bilateral commitment, Nghi said, adding that the two sides have completed the draft plan of action to implement the bilateral mid-term economic agenda. He hoped that the draft can be approved for signing during the upcoming visit to Vietnam by the Cuban Prime Minister.
The Cuban Minister shared the assessment of Minister Nghi on bilateral cooperation in the recent past. He appreciated Vietnam’s efforts to ensure rice export to Cuba, saying that it is of great importance for Cuba.
He expressed a hope that the two countries will intensify cooperation particularly in health care, pharmaceuticals, vaccine and bio-technology.
He asked the Vietnamese Construction Ministry to encourage Vietnamese firms to attend the international trade fair in Cuba in November this year, through which promoting trade and investment ties./.
Related News
Vietnam ready to export first batch of sweet potatoes to China
13:57 | 06/04/2023 Anti-Smuggling
Australian Governor-General wraps up State visit to Vietnam
13:53 | 06/04/2023 Headlines
Vietnam a potential market for French businesses, investors: experts
16:12 | 05/04/2023 Import-Export
Vietnam active at UN Human Rights Council’s 52nd session
16:11 | 05/04/2023 Headlines
Latest News
Việt Nam, US hold 12th political, security, defence dialogue
14:15 | 03/04/2023 Headlines
Private sector remains driving force for economy
14:11 | 03/04/2023 Headlines
State visit to Vietnam by Australian Governor-General to deepen the two’s goodwill, trust: expert
14:10 | 03/04/2023 Headlines
Vietnam"s economy to grow by 6.6% this year: OECD
17:45 | 02/04/2023 Headlines
More News
Bright outlook for Vietnamese tourism in new situation
16:52 | 02/04/2023 Headlines
Vietnam, US hold 12th Political, Security, Defence Dialogue
20:25 | 01/04/2023 Headlines
Vietnam calls for comprehensive, all-society approach to waste management
14:32 | 31/03/2023 Headlines
Many factors support foreign capital flow
13:40 | 30/03/2023 Headlines
Foreign SMEs pour capital into Vietnam
13:37 | 30/03/2023 Headlines
Leaders of aviation firms to be disciplined if employees committed wrongdoings
15:38 | 29/03/2023 Headlines
Vietnam - Lao joint border patrol held
15:31 | 29/03/2023 Headlines
CPI increases about 4.2% in first quarter
14:27 | 28/03/2023 Headlines
PM orders close coordination to remove obstables to property market
14:20 | 28/03/2023 Headlines
Your care
The system has not recorded your reading habits.
Please Login/Register so that the system can provide articles according to your reading needs.
Australian Governor-General wraps up State visit to Vietnam
13:53 | 06/04/2023 Headlines
Vietnam active at UN Human Rights Council’s 52nd session
16:11 | 05/04/2023 Headlines
Vietnam commits to building prosperous, fair, healthy Mekong River basin: PM
16:09 | 05/04/2023 Headlines
Việt Nam, US hold 12th political, security, defence dialogue
14:15 | 03/04/2023 Headlines
Private sector remains driving force for economy
14:11 | 03/04/2023 Headlines