Vietnamese, Cuban businesses ink trade agreements

The agreements aim to encourage the exchange of business delegations, create favourable conditions for the promotion of Vietnamese products in Cuba, assist each other in organising events, share information about consumers’ consumption trends and habits, and boost import-export.

In addition, the two sides also agreed to deploy projects to build a Cuba House in Vietnam and a washing-up liquid plant in Cuba’s Mariel special development zone, and further foster tourism cooperation.

Opening the conference, Chairman of the HCM City People’s Committee Nguyen Thanh Phong highlighted the fine friendship and cooperation between Vietnam and Cuba, which were founded and nurtured by senior leaders of both nations.

The Cuban market boasts great potential for HCM City’s enterprises, especially in the fields of tourism, agriculture, food and consumer goods while Cuba has strengths in terms of pharmaceuticals, health care and construction, Phong said.

Meanwhile, President of the Cuban Chamber of Commerce Orlando Hernandez Guillen noted strides in bilateral economic and trade ties, making Vietnam the second largest partner of Cuba in Asia.

Representatives of organisations and businesses of Vietnam and Cuba shared experiences and feasible ideas for economic cooperation, especially in the spheres of renewable energy, tourism and property.

As many as 170 delegates from 30 organisations and enterprises of Cuba attended the conference co-chaired by Vietnamese Ambassador to Cuba Nguyen Trung Thanh and Deborah Rivas, Director of the Investment Department under the Ministry of Foreign Trade and Investment of Cuba.