Minister Assures a New Era in Vietnam-Cuba Trade after Trong’s Visit

One of the most important results was reaching a consensus between this portfolio and that of Foreign Trade and Foreign Investment of Cuba to complete the negotiations on a bilateral trade agreement as soon as possible, said Tuan Anh, who was part of the delegation that was in the island.

The two sides will review the legal framework to sign the agreement as soon as possible in order to promote trade, joint productions, investments and access to the respective markets, he stressed.

Noting that Vietnam has become the second largest partner of Havana in Asia after China, with billings in both directions of over 220 million dollars, the minister pointed out that his country has an important role in the development strategy of the Caribbean nation.

During the visit of Nguyen Phu Trong, Cuba granted investment licenses to several Vietnamese companies in tourism, construction of power plants and agriculture, he explained.

In addition, he added, a series of agreements was reached in several areas, from education and training of personnel, justice and technology to the environment.

He also expressed that the Vietnam-Cuba business forum brought together over a hundred companies from both sides that examined other areas with high potential for cooperation, for possible productive, investment and technology transfer projects. (Taken from Prensa Latina)