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
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Vice Chairman of the Can Tho People’s Committee Truong Quang Hoai Nam (Photo: VNA) 
