Diplomat assures special priorities for Vietnamese investments in Cuba
Vietnamese businesses will be given top priorities in terms of procedures and competition when investing in Cuba, Consul General of Cuba in Ho Chi Minh City Bernabe Garcia Valido said on August 30.
Vice Chairman of the Can Tho People’s Committee Truong Quang Hoai Nam (Photo: VNA)
Can Tho (VNA) – Vietnamese businesses will begiven top priorities in terms of procedures and competition when investing inCuba, Consul General of Cuba in Ho Chi Minh City Bernabe Garcia Valido said onAugust 30.
Talking to Vice Chairman of the Can Tho People’sCommittee Truong Quang Hoai Nam, the outgoing diplomat said Cuba’s investmentattraction policy prioritises firms from fraternal nations which have mutual trustwith Cuba, and Vietnam is one of such countries.
He said Cuba considers foreign investment as aresource for national economic development and a chance to learn new managementmethods, adding that investment opportunities concentrate on agricultural andforestry product manufacturing (especially food and cane sugar), industry,tourism, energy, mining, transport, pharmaceutical, biotechnology, health care,construction, trade and audiovisual industry.
Valido affirmed that his successor will continueimplementing the abovementioned cooperation projects and plans and focus onpopularising opportunities for investment in the Mariel Special EconomicDevelopment Zone, which covers over 465 sq.km. in the west of Havana.
He hoped that this zone’s potential will attractinvestors from Can Tho and other southwestern provinces of Vietnam.
For his part, Vice Chairman Nam applauded theConsul General’s proposals and contributions, noting that cooperation betweenCan Tho and Cuba remains almost untapped due to a shortage of information aboutthe market and investment policy.
Cuba has only one project worth 5.6 million USDin the city which is the Labiofam Vietnam Co. Ltd based in Binh Thuy district.Meanwhile, Can Tho is yet to have any investment project or export goods to theLatin American country.
Nam called on Cuba and Vietnam to sign abilateral free trade agreement so as to facilitate cooperation in potentialfields such as tourism, hi-tech agriculture, pharmaceutical and biotechnology.
Consul General Valido said after returning toCuba, he will continue working to boost trade between his country and Can Thoand help more Cuban businesses to seek cooperation opportunities in the MekongDelta city.-VNA
The delivery of 5,000 tonnes of Vietnamese rice to Cuba as a gift took place at the headquarters of the Cuban Ministry of Foreign Trade and Investment (MINCEX) on June 19.
Deputy Minister of Defence Sen. Lieut. Gen. Nguyen Chi Vinh has highlighted advanced defence cooperation between Vietnam and Cuba, describing this as a pillar and model for bilateral collaboration in other fields.
Leaders of the Ho Chi Minh Communist Youth Union (HCMCYU) and the Young Communist League of Cuba (UJC) have pledged to work harder to tighten the loyal and pure relations between Vietnam and Cuba.
Minister of Finance Dinh Tien Dung paid an official visit to Cuba from August 23-25 with the aim of shoring up financial and trade partnership between Vietnam and Cuba.
President Tran Dai Quang congratulated outgoing Ambassador Herminio Lopez Diaz on the latter’s successful term in Vietnam while receiving the Cuban diplomat in Hanoi on August 28.
President Luong Cuong's activities during his state visit to Angola, the celebration of the financial sector's 80th traditional day, and the Foreign Ministry's flag-hoisting ceremony marking the 58th founding anniversary of ASEAN are among news highlights on August 8.
Vietnamese Ambassador to Thailand Pham Viet Hung praised the Thai Ministry of Foreign Affairs’ meaningful initiative, noting that the ASEAN Family Run was not only a sporting activity but also an opportunity for diplomats and their families to show unity, connection, and solidarity within the ASEAN family.
Politburo member, Prime Minister Pham Minh Chinh on August 8 attended the first congress of the Party Organisation of Tay Ho ward of Hanoi for the 2025–2030 term, during which he called for fresh momentum to turn the ward into a model that takes the lead in all fields.
The size of the economy increased from over 5 billion USD in 1986 to over 476 billion USD by 2024, making Vietnam the fourth-largest economy in Southeast Asia and the 34th largest in the world.
The ASEAN flag-hoisting ceremony is observed by the 10 ASEAN member countries on August 8 every year, aiming to spread and promote the ASEAN identity and affirm the determination to unite and cooperate for the common aspiration of long-term peace and prosperity of Southeast Asian countries under the common roof of the ASEAN Community.
Vice Chairman of the municipal People’s Committee Nguyen Manh Cuong highlighted ASEAN’s nearly six decades of development, during which the region transformed from division to harmony, from confrontation to cooperation, and from poverty to dynamic growth, becoming a global bright spot for regional cooperation.
Thirty years ago, on July 28, 1995, Vietnam’s accession to ASEAN marked a historic strategic decision, opening a new chapter in the country’s integration process and beginning its strong rise.
Ambassador Vu Le Thai Hoang has outlined specific priorities and proposals for cooperation with the UNODA in preparation for the upcoming 11th Review Conference of the Non-Proliferation of Nuclear Weapons (NPT).
The Vietnamese Party leader's visit is therefore expected to mark a new stage in the development of the Comprehensive Strategic Partnership between the two countries, with a focus on such areas as digital transformation, supply chains, semiconductors, clean energy, and maritime security, Choe assessed.
At their meeting, which took place in the Angolan capital of Luanda on August 7 as part of State President Luong Cuong’s ongoing state visit to the African nation, the two officials also agreed to make full use of existing cooperation mechanisms, particularly the Vietnam – Angola Intergovernmental Committee, and step up exchanges of delegations at all levels.
President Luong Cuong's talks with his Angolan counterrpart João Manuel Gonçalves Lourenço, Vietnamese leader's receptions for a delegation from the Japan – Vietnam Parliamentary Friendship Alliance, and the Government's regular meeting for July are among news highlights on August 7 evening.
Over the past five decades, the Vietnam - Angola relationship has grown steadily, marked by political trust and close bonds between their Parties, States, Governments, and peoples, said Deputy Prime Minister and Foreign Minister Bui Thanh Son.
President Luong Cuong called on the two countries to join hands to promote South – South cooperation, contribute to building a fair and equal global political and economic order, safeguard independence and sovereignty, and promote extensive and substantive international solidarity and cooperation.
President Luong Cuong called on the community to remain united, integrate well into local society, adhere to local laws, and continue contributing to both Angola’s development and Vietnam – Angola relations.
Vietnamese President Luong Cuong and Speaker of the National Assembly (NA) of Angola Carolina Cerqueira agreed to continue strengthening political trust, boost high-level delegation exchanges via all channels, including the parliamentary one, and create favourable legal conditions for bilateral cooperation.
Vietnamese State President Luong Cuong and Angolan President João Manuel Gonçalves Lourenço met with the press right after concluding their talks and witnessing the signing of seven cooperation agreements between the two countries in Luanda on August 7.
State President Luong Cuong stressed the fraternal ties between Vietnam and Angola as a shared invaluable asset. It serves as a solid foundation for both countries to enter a new phase of development, further foster political trust and mutual support between the two Parties and States, and deepen the solidarity and mutual understanding between their people.
At the dialogue, both sides expressed satisfaction with the intensive and extensive development of bilateral relationship since it was elevated to a Comprehensive Strategic Partnership last year.
The robust collaboration between the Vietnamese National Assembly and Japan’s National Diet, particularly between the two nations’ parliamentary friendship groups, is a hallmark of bilateral relations, contributing to deepening the Vietnam-Japan comprehensive strategic partnership, said NA Chairman Tran Thanh Man.
Deputy Prime Minister Le Thanh Long received British Ambassador to Vietnam Iain Frew in Hanoi on August 7, affirming education as a standout pillar in the Vietnam - UK Strategic Partnership.
Vice Chairman of the Can Tho People’s Committee Truong Quang Hoai Nam (Photo: VNA) 
