Vietnam firm granted operation licence at Cuba’s special economic zone
Vietnamese firm granted operation licence at Cuba’s special economic zone
The Cuban government has granted first administrative concession in the Mariel Special Economic Development Zone to the ViMariel S.A company, a subsidiary of the Vietnamese corporation Viglacera.
A view of the Mariel Special Economic Development Zone in October 2017 (Photo: AFP/VNA)
Havana (VNA) – The Cuban government has granted first administrativeconcession in the Mariel Special Economic Development Zone to the ViMariel S.A company,a subsidiary of the Vietnamese corporation Viglacera.
The signing of the document to this effect was witnessed by Minister ofIndustry and Trade Tran Tuan Anh of Vietnam and Cuban Minister of Foreign Tradeand Foreign Investment Rodrigo Malmierca at the Vietnam-Cuba business forumheld in Havana within the framework of General Secretary of the Communist Partyof Vietnam Central Committee Nguyen Phu Trong’s visit to Cuba from March 28-31.
Under the document signed between Director General of the Mariel SpecialEconomic Development Zone’s Management Office Ana Teresa Igarza and Chief Representativeof Viglacera in Cuba Nguyen Anh Tuan, the Vietnamese firm will invest 300 millionUSD to build a 160ha industrial park with full road, telecommunication, waterand electricity infrastructure to serve industrial establishments. It will takeViMariel S.A five years to construct the industrial park from 2019. The concessionis 50 years.
Addressing after the signing ceremony, Igarza affirmed this is part of Cuba’s effortsin calling for foreign investment to serve necessary infrastructure developmentfor potential investors in Cuba.
The ViMariel S.A industrial park is expected to welcome businesses involved inlogistics, biotech, pharmaceuticals, electronics and processing.
Also at the business forum, a series of cooperation documents betweenVietnamese companies and Cuban partners. They included a memorandum ofunderstanding between the Hanel company of Vietnam and the Cubanacan group onthe construction of a five star hotel in Havana, and a contract betweenViglacera and Gran Caribe on management and operation, including upgrade andrestoration, of the New York Hotel in Havana downtown.
On this occasion, Minister Malmierca announced that the Cuban government hadapproved two projects of Vietnam’s Tin Thanh Company on agriculturaldevelopment, and the construction of a bio-mass power plant, both in thecentral province of Camaguey. - VNA
General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong had talks with First Secretary of the Communist Party of Cuba (PCC) Central Committee and President of the Councils of State and Ministers of Cuba Raul Castro Ruz in Havana on March 29 afternoon (local time).
General Secretary of the Communist Party of Vietnam (CPV) Nguyen Phu Trong has expressed his hope that young people of Vietnam and Cuba will treasure and write new chapters of the countries’ solidarity, friendship and cooperation.
General Secretary of the Communist Party of Vietnam (CPV) Central Committee Nguyen Phu Trong has presented the Golden Star Order to First Secretary of the Communist Party of Cuba (PCC) Central Committee and President of the Council of State and the Council of Ministers of Cuba Raul Castro Ruz.
Vietnam and Cuba have issued a joint statement on the occasion of the State visit to Cuba by General Secretary of the Communist Party of Vietnam (CPV) Central Committee Nguyen Phu Trong from March 28-31.
The State visit to Cuba by General Secretary of the Communist Party of Vietnam (CPV) Central Committee Nguyen Phu Trong demonstrates Vietnam’s respect for the historical values of Cuba’s revolution and its wish to consolidate relations with the Latin American nation.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
A view of the Mariel Special Economic Development Zone in October 2017 (Photo: AFP/VNA) 
