The opening of a national booth of Cuba at Vietnam Expo 2018, to be held in Hanoi from April 11-14, will be a good chance for Vietnamese and Cuban businesses to facilitate their partnership and tap into the economic cooperation potential between the two countries.
Visitors at the Vietnam Expo 2017. Photo: vietnamexpo.com.vn
|
According to the Ministry of Industry and Trade, Vietnam is among the top 10 trade partners of Cuba, and the second most important Asian partner of the Caribbean country.
Vietnam’s most popular product in Cuba include farm produce, garment, consumer goods and telecommunication products, while Cuba’s strengths include education, health care and construction.
Last year, trade revenue between Vietnam and Cuba reached 224.3 million USD, with Vietnam’s exports valued at 217 million USD and imports 7.3 million USD. The two sides are striving for the target of 500 million USD in trade in 2022.
Cuba is the gateway for Vietnam to access the Latin American market, while Vietnam offers the path for Cuban firms to approach Asian countries.
Cuba is now a promising market for Vietnamese firms in tourism, agriculture, telecommunications, consumer goods, footwear and garment-textile.
During the recent visit to Cuba of Party General Secretary Nguyen Phu Trong, Vietnam’s Viglacera Corporation received a licence to develop an industrial park in Cuba’s Mariel Special Economic Management Zone.
In recent years, Cuban businesses have become more active in Vietnam thanks to dynamic and open foreign policies of Vietnam.
Other News
- Hanoi tourism sector struggles with rising airfares
- Hanoi steps up effort to address air pollution
- Vietnamese landscape in the 1930s through Ukrainian photographer's lens
- Temple of Literature multimedia books released
- 2,000-year-old bronze drums on display at Hanoi Museum
- Hanoi celebrates 1,085th anniversary of ancient Co Loa capital
- Hanoi strengthens cooperation with neighboring Hoa Binh Province
- Cultural similarities provide basis for Vietnam-Italy cooperation in various fields
- Hanoi district governments urge new plans for old apartment blocks
- Day-as-a-farmer tour in Duong Lam attracts visitors
Trending
-
Vietnamese PM outlines five 'reinforcements' at ASEAN Future Forum
-
Vietnam news in brief - April 23
-
3,400 taels of gold purchased at the first-in-11-year auction
-
Voluntary social security should cover larger part of informal sector: Experts
-
ASEAN Future Forum 2024: Promoting regional centrality
-
Central bank moves gold auction to tomorrow
-
[Video]Hanoi beauty spots featured in saxophone legend Kenny G's music video
-
Colorful stage shows in Hoan Kiem Lake pedestrian area
-
It happened as it had to happen