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Vietnam, Cuba see ample room for trade-investment cooperation | Enterprise

Vietnam, Cuba see ample room for trade-investment cooperation hinh anh 1On the discussion board (Picture: VNA)

HCM Metropolis (VNA) – There may be plenty of room accessible for Vietnam
and Cuba to step up commerce and funding cooperation, particularly in farming
and meals processing, heard a discussion board selling commerce between the 2 international locations held in Ho Chi
Minh Metropolis on Might 12.

Vietnam is at the moment Cuba’s second largest commerce accomplice and
largest international investor in Asia. Bilateral commerce worth ranged between
250 and 350 million USD within the 2015-2020 interval, with Vietnam working 5
initiatives in Cuba. In the meantime, the Caribbean nation has carried out a mission on
producing bio-products in Vietnam.

Duong Anh Duc, Vice Chairman of the HCM Metropolis Folks’s
Committee, mentioned boosting the financial relationship to be on par with the
political and diplomatic ties is a key mission agreed by leaders.

Common trade-investment promotion programmes and exchanges
of enterprise delegations will improve mutual belief and connectivity and assist Vietnamese
companies search funding alternatives within the Cuban market, he famous.

Deputy Minister of Agriculture Maury Hechavarria Bermudez mentioned Vietnamese and Cuban
leaders’ settlement on rising financial cooperation has to date been
translated into particular actions, notably the promotion of latest funding
initiatives in Cuba’s farm produce and meals manufacturing sectors.

Cuba needs to strengthen joint work with Vietnam in producing rice and occasional
merchandise, manufacturing equipment for agricultural manufacturing, increasing export
markets, attracting monetary funding, and selling analysis and
improvement of latest power, the official said.

He affirmed that Cuba is dedicated to helping traders
with particular tax incentives, human assets, infrastructure, and expertise.

On the discussion board, the Cuban Ministry of Agriculture launched 54 precedence initiatives
to draw funding, with Cuban companies calling on ready traders to provide
seed supplies, fertilizers, pesticides, and agricultural equipment serving
cooperation in manufacturing and productiveness enchancment./.

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