Friday, August 18, 2017 - 21:55:26

Vietnamese businesses seek opportunities in Cuba

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A delegation of Vietnamese enterprises attended a business forum held in the Cuban capital of Havana on May 26.

Participants included representatives from 12 businesses involving in hotel management, technology, mechanics, wooden and rubber products, trade and computers.

Addressing the forum, Nguyen Vu Kien, an official from the Vietnam Chamber of Commerce and Industry, stressed that the bilateral economic cooperation is not adequate to the existing political ties and potential between the two countries.

He reaffirmed the willingness of the two countries’ States and governments to boost cooperation in the field, urging businesses to seek opportunities in the context that Cuba is advancing in updating its economic model and promoting global integration.

Celia Labora Rodriguez, Head of the Department for International relations of the Cuban Chamber of Commerce, presented her country’s business promotion policies and procedures as well as the strategic project to develop the Special Development Zone of Mariel in the west of Havana.

She also reassured Vietnamese business people about Cuba’s investment priorities and the accounting policies of state-owned enterprises.

Trade of some products, including tires and cigars, was also mentioned.

According to official statistics, two-way trade between the two countries reached 208 million USD in 2014, of which Vietnam exports were worth 206 million USD.-VNA
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