Cuba welcomes Vietnamese businesses, investors: chamber head

Cuba welcomes and stands ready to support Vietnamese businesses and investors so as to multiply successful projects of the two countries, President of the Cuban Chamber of Commerce Orlando Hernandez has said.
Cuba welcomes Vietnamese businesses, investors: chamber head ảnh 1President of the Cuban Chamber of Commerce Orlando Hernandez speaks at the Cuba-Vietnam business forum in Havana on May 15 (Photo: VNA)

Havana (VNA) – Cuba welcomes and stands ready tosupport Vietnamese businesses and investors so as to multiply successfulprojects of the two countries, President of the Cuban Chamber of CommerceOrlando Hernandez has said.

He made the remark at a Cuba-Vietnam businessforum in Havana on May 15 that attracted more than 100 representatives of bothcountries’ enterprises.

The official stressed that the two sides boasthuge potential for enhancing economic and trade relations, especially inhealthcare, biotechnology, agriculture, tourism, informatics andcommunications.

Cuba is facing difficulties, including thoserelevant to external financial resources and payment in foreign currencies.Therefore, its government is working to improve the efficiency of the use ofexisting resources, promote export and increase attracting foreign investment, hesaid.

For his part, Vietnamese Ambassador to CubaNguyen Trung Thanh said he believes with the countries’ friendship, politicalresolve, signed agreements and support mechanisms being perfected, the currentuptrend in the bilateral trade will be maintained to reach the target of 500million USD before 2022.

He also noted difficulties as well as successstories in bilateral economic ties, reiterating that the Vietnamese peoplealways by the side of the Cuban people and consider each success of theCaribbean nation as their own.

At the forum, Vice Chairman of the VietnamChamber of Commerce and Industry Vo Tan Thanh presented a number of economicpolicies of Vietnam and some of the country’s achievements over the 30 years ofreforms.

Following the event, Vietnamese and Cubanbusinesses met with each other to discuss cooperation in such fields as oil andgas, legal services, printing and packaging, environmental services,construction and real estate, agriculture and food processing, fertilizer andpharmaceutical products.-VNA
VNA

See more

Ca Mau is currently home to more than 5,200 fishing vessels, including nearly 1,900 boats measuring over 15 metres in length, and all have been equipped with vessel monitoring systems. (Illustrative photo: VNA)

Ca Mau drives changes among fishermen to tackle IUU fishing

Ca Mau is stepping up communication campaigns to disseminate legal regulations on IUU fishing, highlight recent enforcement results, and convey recommendations from the European Commission (EC)’s fifth inspection mission to fishing communities and relevant stakeholders.

The new infrastructure system will not only meet immediate needs but also create new growth poles, helping reshape the economic landscape. (Photo: VNA)

Construction sector striving for high-growth target

The construction sector faces mounting pressure to keep major projects on schedule while managing costs and stabilising markets. Yet, with gains from institutional reform, infrastructure investment, and growth model transformation, it remains well positioned to serve as a key growth engine.

Fuel taxes are slashed to 0% from April 16 under a National Assembly resolution. (Illustrative photo: VNA)

Fuel taxes cut to 0% from April 16

Accordingly, the environmental protection tax on petrol (excluding ethanol), diesel, kerosene, mazut, and aviation fuel has been cut to 0 VND per litre. These products are also exempt from VAT declaration and payment, while still eligible for input VAT credit.

Workers process seafood for export. (Photo: VNA)

Vietnam’s long-term investment appeal remains intact: EuroCham

Up to 93% of European enterprises said they would recommend Vietnam as an investment destination – one of the highest endorsement levels in the history of the BCI survey. This indicates that investors are clearly distinguishing between short-term operational challenges and their long-term strategic outlook.

Vietnamese Ambassador to the RoK Vu Ho honours coffee processing firms and artisans. (Photo: VNA)

Vietnam's pavilion opens at Coffee Expo Seoul 2026

Nguyen Nam Hai, Chairman of VICOFA, said Vietnam’s coffee exports to the RoK exceeded 196 million USD in 2025, up 37.8% year-on-year. In the first quarter of this year, export value reached nearly 45 million USD, indicating strong growth potential.

A farmer harvests lemons in Vietnam. (Illustrative photo: VNA)

Protocol signed for pomelo, lemon exports to China

Pomelo and lemon are among Vietnam’s most advantageous agricultural products. The country currently has around 106,000 hectares of pomelo cultivation, placing it among the world’s major producers.