Cuba, Vietnam Sign Significant Trade Agreements

Havana, Jun 4 (Prensa Latina) Cuba and Vietnam signed today several commercial collaboration agreements that will favor the areas of investment, tourism, and imports between both countries during a business forum held in this city.

During the meeting, held in the capital’s Melia Habana Hotel, the conference on the promotion of investment for trade and tourism of the Vietnamese city of Ho Chi Minh in Cuba was held.

The meeting also includes executives from 23 companies in Vietnam associated with construction, technology and medical equipment, among others.

In order to promote the exchange of trade and investment missions, the Center for the Promotion of Trade and Foreign Investment of Cuba and its counterpart of Ho Chi Minh City, signed a cooperation agreement.

Likewise, the Cuban entity and the company of that Asian country Thai Binh S.A -with 20 years of presence in the island- signed an agreement that seeks to provide support to Vietnamese companies, promoting and introducing their products in the national market.

Thai Binh S.A corporation signed two other agreements with the Company of Artistic and Literary Promotions (Artex S.A), and with the Cuban Industrias Nexus S.A.

The first one plans the promotion of products and services of the company Artex S.A in Vietnam, and the second one aims to produce and market detergents and other products in the Mariel Special Development Zone.

On the other hand, the Saigon Tourism Corporation and the entity in charge of cooperation for the development of bidirectional tourism between Vietnam and Cuba, established an agreement in order to strengthen the cooperation between both nations in the leisure industry.

The Vietnamese delegation visiting Cuba is chaired by Nguyen Thanh, member of the Central Committee of the Party and Deputy Secretary of the Provincial Party Committee in Ho Chi Minh City.

In his opening speech to the business forum, Than said that, along with political relations, the economic and commercial cooperation between Vietnam and Cuba is advancing with significant steps.

He added that the potential that remains to be exploited in the collaboration between both countries is still vast, and expressed the commitment of the government of the city of Ho Chi Minh to create favorable conditions to help the city’s businessmen to export, market and invest in Cuban territory.

During last March, the General Secretary of the Vietnamese Communist Party Nguyen Phu Trong visited Cuba, after which a joint declaration of both governments was issued establishing steps to strengthen economic and commercial cooperation.

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