Continuing their working visit to northern Hung Yen province, on the afternoon of October 4, a high-level delegation from the Republic of Cuba, led by  President of the National Assembly of People’s Power and President of the Council of the State of Cuba, Esteban Lazo Hernández, visited Nestlé Bong Sen Company and Thang Long II Industrial Park.

During the visit, the Cuban delegation introduced Cuba’s economic development potential and exchanged information and experience on infrastructure investment and attracting investment with the leaders of Nestlé Bong Sen Company and Thang Long II Industrial Park Company Limited.  Lazo Hernández applauded the modern development of Nestlé Bong Sen and the synchronous infrastructure investment at Thang Long II Industrial Park, while highlighting its strong foundation for attracting foreign investment.

He stated that despite challenges posed by the blockade and sanctions, Cuba plans to expand numerous industrial parks, strengthen cooperation, and enhance foreign investment attraction through specific incentives and policies. He expressed the hope that many enterprises, including Sumitomo Group, the investor behind Thang Long Industrial Parks in Vietnam, would visit Cuba to explore the investment environment and eventually participate in developing industrial infrastructure there.

Nguyen Minh Duc, Deputy General Director of Thang Long II Industrial Park Company Limited, said Sumitomo Group currently develops and operates ten industrial parks across six countries. In Vietnam, the group has five industrial parks located in Hanoi, Hung Yen, Thanh Hoa, Quang Tri, and Vinh Phuc (now Phu Tho province), hosting mostly Japanese investors producing electrical and electronic products; auto and motorcycle components; metal products and mechanical processing; and plastic and rubber products.

Established in 2006 with a total area of 527 hectares, Thang Long II Industrial Park currently hosts 82 out of 90 investors from Japan, alongside companies from Vietnam, the Republic of Korea, and Switzerland, with total registered investment of US$3.2 billion. The park creates jobs for about 27,000 workers and makes a considerable contribution to the local economy.

Leveraging Japanese-quality infrastructure, the company strives to provide the best conditions for investors in the industrial park. Prioritizing renewable energy, it has installed rooftop solar power systems with a capacity of 80MWp and plans to reach 100MWp by 2025 to serve activities in Thang Long II Industrial Park toward sustainable green development.

Vietnam, Cuba hold vast potential for all-around cooperation

Prime Minister Pham Minh Chinh urged Vietnamese and Cuban enterprises to join hands for practical and effective cooperation outcomes, following the agreement by Party General Secretary To Lam and Cuban First Secretary of the Communist Party of Cuba Central Committee and President of Cuba Miguel Diaz-Canel Bermudez to deepen economic cooperation.