Cuba welcomes Vietnamese businesses, investors: chamber head

He made the remark at a Cuba-Vietnam business forum in Havana on May 15 that attracted more than 100 representatives of both countries’ enterprises.



The official stressed that the two sides boast huge potential for enhancing economic and trade relations, especially in healthcare, biotechnology, agriculture, tourism, informatics and communications.



Cuba is facing difficulties, including those relevant to external financial resources and payment in foreign currencies. Therefore, its government is working to improve the efficiency of the use of existing resources, promote export and increase attracting foreign investment, he said.



For his part, Vietnamese Ambassador to Cuba Nguyen Trung Thanh said he believes with the countries’ friendship, political resolve, signed agreements and support mechanisms being perfected, the current uptrend in the bilateral trade will be maintained to reach the target of 500 million USD before 2022.



He also noted difficulties as well as success stories in bilateral economic ties, reiterating that the Vietnamese people always by the side of the Cuban people and consider each success of the Caribbean nation as their own.



At the forum, Vice Chairman of the Vietnam Chamber of Commerce and Industry Vo Tan Thanh presented a number of economic policies of Vietnam and some of the country’s achievements over the 30 years of reforms.



Following the event, Vietnamese and Cuban businesses met with each other to discuss cooperation in such fields as oil and gas, legal services, printing and packaging, environmental services, construction and real estate, agriculture and food processing, fertilizer and pharmaceutical products.