A workshop focusing on providing information on the investmentenvironment and business opportunities in Cuba was held in Hanoi on June23.
The event, co-organised by the Vietnam Chamber ofCommerce and Industry (VCCI) and the Cuban Embassy in Vietnam, featuredrepresentatives from 21 foreign trade enterprises under Cuba’s GecomexGroup.
Addressing the workshop, Deputy Chairman of theVietnam-Latin America Business Council Nguyen Binh Minh appreciated thebilateral cooperation between the two countries in agriculture,biotechnology, education, health and sports.
In 2014, tradeturnover between Vietnam and Cuba increased by 45 percent to 207.5million USD, of which Vietnam exported goods worth 206 million USD toCuba and imported more than 1 million USDworth of commodities.
Vietnam mainly exported foods, cereals, confectionery, footwear,ceramic products, building materials, coal and chemicals while importingpharmaceuticals and health food.
According to Cuban Ambassadorto Vietnam Herminio Lopez Diaz, the two countries share a common groundin policies to attract foreign investment.
Last year, the two governments signed a Bilateral Economic Cooperation Program for the medium term.
The Latin American country is currently opening the Mariel SpecialDevelopment Zone and is in the process of normalising ties with the US.
These moves are believed to offer opportunities for the twocountries to boost cooperation in Cuba’s high potential fields, such aspharmaceuticals, education, health and construction.
Accordingto statistics from the Ministry of Planning and Investment as ofDecember 2014, Cuba has one foreign direct investment project in Vietnamwith total registered capital of 6.6 million USD.
Vietnam currently has two oil exploration investment projects in Cuba under the Vietnam Oil and Gas Group.-VNA
The event, co-organised by the Vietnam Chamber ofCommerce and Industry (VCCI) and the Cuban Embassy in Vietnam, featuredrepresentatives from 21 foreign trade enterprises under Cuba’s GecomexGroup.
Addressing the workshop, Deputy Chairman of theVietnam-Latin America Business Council Nguyen Binh Minh appreciated thebilateral cooperation between the two countries in agriculture,biotechnology, education, health and sports.
In 2014, tradeturnover between Vietnam and Cuba increased by 45 percent to 207.5million USD, of which Vietnam exported goods worth 206 million USD toCuba and imported more than 1 million USDworth of commodities.
Vietnam mainly exported foods, cereals, confectionery, footwear,ceramic products, building materials, coal and chemicals while importingpharmaceuticals and health food.
According to Cuban Ambassadorto Vietnam Herminio Lopez Diaz, the two countries share a common groundin policies to attract foreign investment.
Last year, the two governments signed a Bilateral Economic Cooperation Program for the medium term.
The Latin American country is currently opening the Mariel SpecialDevelopment Zone and is in the process of normalising ties with the US.
These moves are believed to offer opportunities for the twocountries to boost cooperation in Cuba’s high potential fields, such aspharmaceuticals, education, health and construction.
Accordingto statistics from the Ministry of Planning and Investment as ofDecember 2014, Cuba has one foreign direct investment project in Vietnamwith total registered capital of 6.6 million USD.
Vietnam currently has two oil exploration investment projects in Cuba under the Vietnam Oil and Gas Group.-VNA
