Business

Cuba vows to facilitate Vietnam’s investment

The Cuban Government and relevant ministries and branches will work to remove difficulties and obstacles in order to create the most favourable conditions for Vietnamese enterprises to increase investment and carry out projects in the country, a Cuban official has said.
Cuba vows to facilitate Vietnam’s investment ảnh 1Illustrative image(Photo:VNA)
Hanoi (VNA) - The Cuban Government and relevant ministries andbranches will work to remove difficulties and obstacles in order to create themost favourable conditions for Vietnamese enterprises to increase investmentand carry out projects in the country, a Cuban official has said.

The statement was made by Cuban Deputy Minister of ForeignTrade and Investment Déborah Rivas Saavedra on November 5 while co-chairing avirtual meeting of the Vietnam - Cuba Investment Working Group with Vietnamese DeputyMinister of Construction Bui Hong Minh.

Déborah said that the Cuban government has issued manypreferential policies to attract foreign investment. With great cooperation potentialand advantages, she expressed her wish that Vietnamese enterpriseswill increase investment in such fields as industry, infrastructure ofindustrial parks, construction, transportation, agriculture, food processing,renewable energy and tourism.

Minh said despite the impact of the COVID-19 pandemic in thepast two years, Vietnamese businesses have maintained investment projects inCuba.

In particular, in September, within the framework of theofficial visit to Cuba by Vietnamese President Nguyen Xuan Phuc, manyVietnamese companies signed cooperation agreements with Cuban partners in manyprojects in priority areas of Cuba.

However, during the implementation process of their projectsin Cuba, Vietnamese enterprises are also facing some difficulties related tolabour and salary policies. Therefore, they expect the Cuban side to considerand soon have suitable solutions, he added./.
VNA
#Cuba #investment #difficulties #Vietnam Plus #Vietnam News Agency Cuba
Follow VietnamPlus

Related News

Vietnam, Cuba seek to bolster all-round ties

Vietnam, Cuba seek to bolster all-round ties

President Nguyen Xuan Phuc held talks with First Secretary of the Communist Party of Cuba Central Committee and President of Cuba Miguel Díaz Canel in Havana on September 19.
Vietnam, Cuba seek to enhance efficiency of Inter-Government Committee mechanism

Vietnam, Cuba seek to enhance efficiency of Inter-Government Committee mechanism

Vietnamese Minister of Construction Nguyen Thanh Nghi and Cuban Minister of Foreign Trade and Investment Rodrigo Malmierca Díaz, co-chairs of the Vietnam-Cuba Inter-Government Committee, had a working session in Havana on September 20 to seek ways to strengthen partnership between the two countries through this mechanism.

See more

The 5th Exhibition of Ho Chi Minh City and Friendship Provinces and Cities in Savannakhet takes place from April 2 to 6. (Photo: VNA)

Vietnam, Laos boost trade at Savannakhet expo

Vice Governor of Savannakhet Saensak Soulisak highlighted the exhibition’s role in expanding trade collaboration, enabling businesses to connect, share experience, and explore investment prospects. He also noted its significance in promoting local products to a wider market.

Visitors at the exhibition (Photo: VNA)

Vietnam Expo 2025 opens, spotlighting digital transformation, innovation

This year’s edition, themed “Step together in a digitised world,” has attracted around 400 businesses from 18 countries and territories, with over 500 booths. Alongside traditional networking, it introduces online business-to-business (B2B) matching, enabling year-round connections.

Prime Minister Pham Minh Chinh speaks at the second meeting of the National Steering Committee for building the private economic sector development project (Photo: VNA)

Private sector encouraged to join major national programmes, projects

It must fully unleash the productive capacity and resources of the country through the private sector; mobilise all private resources for national development; harness the effectiveness of internal forces, including human, natural resources, history, and culture, while effectively combining them with external resources such as capital, technology, human resources, and management experience, he said.

At the annual Vietnam-Cambodia business dialogue in Phnom Penh on April 4 (Photo: VNA)

Annual Vietnam-Cambodia business dialogue held in Cambodia

The annual business dialogue in Cambodia attracted around 150 delegates, including Vietnamese businesses and Vietnamese-origin companies operating in Cambodia across various sectors such as finance, banking, insurance, telecommunications, agriculture, construction, interior design, food services, transportation, logistics, trade, healthcare, and tourism.

Rice is one of Vietnam's exports to Cuba. (Photo: VNA)

Vietnam-Cuba Business Forum held in Hanoi

Addressing the event, Cuban Ambassador Rogelio Polanco Fuentes affirmed that Cuba will always stand alongside the Vietnamese Government and business community in their efforts to achieve the challenging target socio-economic goals.

The private sector is expected to make breakthroughs for national development. (Photo: VNA)

Party official anticipates breakthroughs in private economic sector

With the Politburo set to issue a dedicated resolution on the private economic sector, there should be a reformed approach to action plans, according to Secretary of the Party Central Committee and head of Head of its Commission for Policies and Strategies Tran Luu Quang.

NCSoft and VNGGames sign a cooperation agreement to develop products in Southeast Asia. (Photo: VNG)

More RoK’s game developers target Vietnam

Over half of Vietnam's nearly 100 million population being gamers and the country's competitive labour costs are among reasons for Korean gaming firms' expanding presence in Vietnam.

Representatives from the Vietnamese Embassy in the UK, LHR leaders, airline partners, and passengers at the anniversary event (Photo: VNA)

Vietnam Airlines marks 10 years of UK route operations

Vietnam Airlines launched its direct UK route in 2011, initially operating from London Gatwick Airport (LGW) before transitioning to Heathrow in 2015, improving connectivity to one of the UK’s major international hubs./.

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona. (Photo: VNA)

Cuban commerce official optimistic about bright future of Vietnam-Cuba cooperative ties

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona hailed Vietnam as Cuba’s second-largest trading partner in Asia and its top investor, spotlighting its foothold in the Mariel Special Development Zone via Viglacera. This zone, he noted, is set to become a pivotal hub for Vietnamese investment in the years ahead.