Hanoi (VNA) – The Investment and TradePromotion Centre of Ho Chi Minh City (ITPC) will send a delegation to study themarket and promote trade and investment in Cuba from April 15-24.
The delegation will include representatives from local producersand exporters in the areas of food processing, consumer goods, construction andservices.
Cuba is pursuing more open economic policies with many ofold ones amended to be suitable to the global market economy. The country hasbeen boosting trade and calling for investment in an attempt to improve thecompetitiveness of its economy.
It has particularly focused on constructing new sea portsand railways, developing information technology infrastructure and reformingmetallurgy and mining industries while giving priority to food processing andbeverages.
Cuba wants to export goods like pharmaceutical andbiological products and services in tourism and healthcare.
Meanwhile, Vietnam holds advantages in exporting productsin textiles and garment, footwear, handicraft, agriculture and aquaculture. Thecountry has been looking for investment in construction, energy, industry,hi-tech agriculture, education, healthcare and tourism
These factors leave enormous potential for enterprises from both sidesto satisfy the needs of the Cuban market and to cooperate in trade andinvestment.
The Vietnamese delegation’s visit to Cuba aims to seek the market forbuilding materials, handicraft products, textile-garment and footwear products,foods, mechanical and electronic products and plastics and at the same time,promote trade and investment between the two countries.
The delegation will introduce to Cuban investors about HCM City’sbusiness climate and some key projects in transportation, infrastructuredevelopment, education, healthcare and hi-tech agriculture.
According to Pham Thiet Hoa, ITPC director, trade between Vietnam and Cuba has increased significantly inrecent years, but remains modest compared with the potential. The two-way tradeamounted to 250 million USD in 2016 with Vietnam’s exports to Cuba accountingfor 240 million USD.-VNA
The delegation will include representatives from local producersand exporters in the areas of food processing, consumer goods, construction andservices.
Cuba is pursuing more open economic policies with many ofold ones amended to be suitable to the global market economy. The country hasbeen boosting trade and calling for investment in an attempt to improve thecompetitiveness of its economy.
It has particularly focused on constructing new sea portsand railways, developing information technology infrastructure and reformingmetallurgy and mining industries while giving priority to food processing andbeverages.
Cuba wants to export goods like pharmaceutical andbiological products and services in tourism and healthcare.
Meanwhile, Vietnam holds advantages in exporting productsin textiles and garment, footwear, handicraft, agriculture and aquaculture. Thecountry has been looking for investment in construction, energy, industry,hi-tech agriculture, education, healthcare and tourism
These factors leave enormous potential for enterprises from both sidesto satisfy the needs of the Cuban market and to cooperate in trade andinvestment.
The Vietnamese delegation’s visit to Cuba aims to seek the market forbuilding materials, handicraft products, textile-garment and footwear products,foods, mechanical and electronic products and plastics and at the same time,promote trade and investment between the two countries.
The delegation will introduce to Cuban investors about HCM City’sbusiness climate and some key projects in transportation, infrastructuredevelopment, education, healthcare and hi-tech agriculture.
According to Pham Thiet Hoa, ITPC director, trade between Vietnam and Cuba has increased significantly inrecent years, but remains modest compared with the potential. The two-way tradeamounted to 250 million USD in 2016 with Vietnam’s exports to Cuba accountingfor 240 million USD.-VNA
VNA
