Vietnam and Cuba Consider Investment Projects and Strengthen Cooperation

HAVANA, Cuba, Oct 16 (acn) Cuba and Vietnam reiterated their joint willingness to enhance bilateral cooperation in several fields and to consider possible joint investment projects in the field of ceramics.

Cuban Foreign Trade and Investment minister Rodrigo Malmierca and Vietnamese Construction minister Trinh Dinh Dung penned in Havana the final accord of the 32 joint Intergovernmental Commission for Economic, Scientific and Technical Collaboration, which includes actions the areas of investment, trade, agriculture and fishing, biotechnology, health, tourism, energy, construction, information technologies, transportation, finances, customs, education, culture, sports, radio and television.

Before the signing of the protocol, Cuba´s Construction and Industrial Group and a Vietnamese Corporation in the field agreed to study the viability for investment in white ceramic processing plants in the western Cuban province of Mayabeque.

The initiative would focus on the modernization of the two plants to increase the quality and diversification of its products.

The two sides agreed that the new Cuban foreign investment law offers new opportunities for the participation of Vietnamese companies in the island´s economy.

Malmierca said that along with the consolidation of bilateral relations In the areas of trade and cooperation, Cuba and Vietnam are now advancing actions in the field of investment.

As part of activities on the governmental commission´s agenda, the Vietnamese delegation toured the Special Development Zone in the western harbor of Mariel, and its container terminal, as well as the Varadero tourist pole.