Cuba welcomes Vietnamese businesses, investors: chamber head
Cuba welcomes and stands ready to support Vietnamese businesses and investors so as to multiply successful projects of the two countries, President of the Cuban Chamber of Commerce Orlando Hernandez has said.
President of the Cuban Chamber of Commerce Orlando Hernandez speaks at the Cuba-Vietnam business forum in Havana on May 15 (Photo: VNA)
Havana (VNA) – Cuba welcomes and stands ready tosupport Vietnamese businesses and investors so as to multiply successfulprojects of the two countries, President of the Cuban Chamber of CommerceOrlando Hernandez has said.
He made the remark at a Cuba-Vietnam businessforum in Havana on May 15 that attracted more than 100 representatives of bothcountries’ enterprises.
The official stressed that the two sides boasthuge potential for enhancing economic and trade relations, especially inhealthcare, biotechnology, agriculture, tourism, informatics andcommunications.
Cuba is facing difficulties, including thoserelevant to external financial resources and payment in foreign currencies.Therefore, its government is working to improve the efficiency of the use ofexisting resources, promote export and increase attracting foreign investment, hesaid.
For his part, Vietnamese Ambassador to CubaNguyen Trung Thanh said he believes with the countries’ friendship, politicalresolve, signed agreements and support mechanisms being perfected, the currentuptrend in the bilateral trade will be maintained to reach the target of 500million USD before 2022.
He also noted difficulties as well as successstories in bilateral economic ties, reiterating that the Vietnamese peoplealways by the side of the Cuban people and consider each success of theCaribbean nation as their own.
At the forum, Vice Chairman of the VietnamChamber of Commerce and Industry Vo Tan Thanh presented a number of economicpolicies of Vietnam and some of the country’s achievements over the 30 years ofreforms.
Following the event, Vietnamese and Cubanbusinesses met with each other to discuss cooperation in such fields as oil andgas, legal services, printing and packaging, environmental services,construction and real estate, agriculture and food processing, fertilizer andpharmaceutical products.-VNA
Vietnamese National Assembly Vice Chairman Uong Chu Luu has met with Vice President of the State Council and Comptroller General of Cuba Gladys Bejerano Portela and Vice President of the Council of Ministers Marino Murillo as part his working visit to the Caribbean nation.
Prime Minister Nguyen Xuan Phuc affirmed that Vietnam is ready to help Cuba build a cyber security supervision centre during a reception in Hanoi on May 2 for Cuban Minister of Communications Jorge Luis Perdomo Di-Lella.
Defence Deputy Minister, Sen. Lt. Gen. Nguyen Chi Vinh has affirmed that Vietnam hopes to step up defence relations with Cuba as cooperation in this field is an important pillar in the bilateral ties.
Vietnam’s southern economic hub of Ho Chi Minh City is keen to implement health care cooperation programmes with Cuba, Vice Chairman of the municipal People’s Committee said at a reception for visiting Cuban Deputy Minister of Health Marcia Cobas Riuz on May 16.
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
President of the Cuban Chamber of Commerce Orlando Hernandez speaks at the Cuba-Vietnam business forum in Havana on May 15 (Photo: VNA) 
