Vietnamese firm eyes to make deeper inroads into Venezuela

At the working session between Viglacera's delegation and representatives from the Venezuelan Ministry of Industries and National Production (Photo: VNA)

Hanoi (VNA) – TheVenezuelan government is willing to create the most favourable conditions forViglacera Corporation JSC of Vietnam to enter its market, considering this as a motivationto further strengthen the traditional friendship between the two countries,said Jorge Márquez, Minister of Office of the Presidency and Monitoring of Government Management of Venezuela.

In a recent reception for a visiting delegation of the Vietnamese construction materials company,Márquez, who is also Chairman of the Vietnam-VenezuelaIntergovernmental Joint Sub-committee, emphasised that in the context of Venezuela'songoing recovery and economic diversification efforts to reduce its dependenceon oil, there is great potential for cooperation in basic construction,especially in producing construction materials.

During a working session with the delegation, Venezuelan Minister of Industries and National Production José Félix Rivas Alvarado stressed that the friendshipand cooperation between the two countries’ parties and states have developed fruitfully,noting that Vietnam and Venezuela are in the most favourable time to expand theircooperation in areas, including the construction industry.

At the working session with Minister of People's Power for Housing and Habitat of Venezuela Ildemaro Villarroel (Photo: VNA)

According to Viglacera Deputy General Director Tran Ngoc Anh, the firm is notonly the largest producer of construction materials in Vietnam but is alsolisted among the top 20 global tile producers, which sells its products in over40 countries worldwide, including markets with high-quality requirements suchas the US, Europe, and Canada.

Regarding international cooperation, Viglacera has partnered with more than 500businesses across the world. In Latin America, since 2018, the firm hasinvested in theMariel Special DevelopmentZone of Cuba, and at the sametime, contributed capital to establish Sanvig - a joint venture company forproducing construction materials in the country.

Anh expressed the desire that leaders of ministries and sectors of Venezuela willcreate favourable conditions for Viglacera to explore investment opportunities inthe Latin American nation, and sell its products in the market.

During their working trip, the Viglacera delegation had a working session with Minister of People's Power for Housing andHabitat of Venezuela Ildemaro Villarroel, and representatives of the Venezuela-VietnamChamber of Commerce (CAVENVIET), and the VenezuelanAssociation of small- and- medium-sized enterprises; and visited severalbusinesses operating in the industry of construction materials./.

VNA