Visitors at the Vietnam Expo 2017 (Source: http://vietnamexpo.com.vn) Hanoi (VNA) –The opening of a national booth of Cuba at Vietnam Expo 2018, to be held inHanoi from April 11-14, will be a good chance for Vietnamese and Cuban businessesto facilitate their partnership and tap into the economic cooperation potentialbetween the two countries.
This year, 30 Cubanbusinesses will participate in the event, the most during the country’sdecade-long presence at Vietnam Expo. The firms operate in diverse areas,including electronic mechanics, metals, renewable energy, agriculture,biological, pesticide, irrigation, pharmaceuticals, and health care.
According to theMinistry of Industry and Trade, Vietnam is among the top 10 trade partners of Cuba,and the second most important Asian partner of the Caribbean country.
Vietnam’s most popularproduct in Cuba include farm produce, garment, consumer goods andtelecommunication products, while Cuba’s strengths include education, healthcare and construction.
Last year, traderevenue between Vietnam and Cuba reached 224.3 million USD, with Vietnam’sexports valued at 217 million USD and imports 7.3 million USD. The two sidesare striving for the target of 500 million USD in trade in 2022.
Cuba is the gatewayfor Vietnam to access the Latin American market, while Vietnam offers the pathfor Cuban firms to approach Asian countries.
Cuba is now apromising market for Vietnamese firms in tourism, agriculture,telecommunications, consumer goods, footwear and garment-textile.
During the recentvisit to Cuba of Party General Secretary Nguyen Phu Trong, Vietnam’s ViglaceraCorporation received a licence to develop an industrial park in Cuba’s MarielSpecial Economic Management Zone.
In recent years, Cubanbusinesses have become more active in Vietnam thanks to dynamic and openforeign policies of Vietnam.-VNA
VNA
