Meeting between Vietnamese Minister of Construction Nguyen Thanh Nghi and Cuban Minister of Foreign Trade and Foreign Investment Rodrigo Malmierca Diaz

Thứ tư, 22/09/2021 11:55
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Vietnamese Minister of Construction Nguyen Thanh Nghi met Cuban Minister of Foreign Trade and Foreign Investment Malmierca Diaz for talks on activities of the Vietnam – Cuba Intergovernmental Committee on September 20th. There were the Cuban Minister of Construction, the Cuban Minister of Tourism, the Cuban Deputy Minister of Foreign Trade and Foreign Investment and the leaders of the departments of two sides at the meeting. Two sides discussed the positive results achieved in cooperation in trade, investment, agriculture, vaccines and biotechnology.

Minister Nguyen Thanh Nghi met Cuban Minister of Foreign Trade and Foreign Investment Malmierca Diaz

Regarding trade cooperation, Vietnam maintains a stable rice supply to Cuba, contributing to Cuba's food security and social stability. The Vietnam-Cuba New Trade Agreement, which officially took effect from April 1, 2021, would be an important basis for businesses to strengthen cooperation, increasing the turnover to 500 million USD by 2025.

The production joint venture of construction materials invested by Viglacera and the production project of nappy invested by Thai Binh company have initially achieved efficiency, meeting the needs of the Cuban market. The ViMariel industrial park infrastructure development project invested by Viglaceta has basically completed the first phase, signed infrastructure leasing contracts with 3 Spanish and Portuguese investors.

Suchel washing powder production joint venture project invested by Thai Binh Company is expected to come into operation by the end of 2022. Two sides agreed  to closely coordinate in promoting economic and trade cooperation, investment, experience in attracting foreign investment, continuing to effectively implement projects to support Cuba in rice and seafood production, implementing investment cooperation agreements in building hotels and resorts, exchange of working delegations and experience in construction, information and communication and fields of mutual interest. Two sides agreed to jointly organize the 39th meeting of the Vietnam - Cuba Intergovernmental Committee in November 2021.

At the meeting, authorized by President Nguyen Xuan Phuc, Minister of Construction Nguyen Thanh Nghi presented 5,000 tons of rice as gifts from the Party, State and people of Vietnam to the Party, State and people of Cuba and gave 1,000 tons of rice as gifts from Vietnamese construction enterprises to the Cuban people.

Authorized by President Nguyen Xuan Phuc, Minister of Construction Nguyen Thanh Nghi presented 5,000 tons of rice as gifts from the Party, State and people of Vietnam to the Party, State and people of Cuba

Minister Nguyen Thanh Nghi presented gifts from Vietnamese construction enterprises to Cuban people

Also at the meeting, Cityland Real Estate Investment Company and Cuban partners -  Cubanacan Group and Greater Caribbean Group signed a Memorandum of Understanding on cooperation investment in hotel and resort projects in Cuba.

Cityland Real Estate Investment Company (Vietnam) and Cubanacan Group and Greater Caribbean Group (Cuba) signed a Memorandum of Understanding on cooperation investment in hotel and resort projects in Cuba

Thai Binh Green Energy Company and Cuba National Electricity Corporation have signed a power purchase agreement.

Thai Binh Green Energy Company and Cuba National Electricity Corporation have signed an agreement.

Written by: Pham Thi Hong My (Deputy Director of International Cooperation Department – Ministry of Construction) Translated by: Mai Anh

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