Cuban National Assembly Chairman meets Vietnamese businesses in Ho Chi Minh City

On October 3, in Ho Chi Minh City, President of the Cuban National Assembly Esteban Lazo Hernández led a high-ranking Cuban delegation to meet with the city's business community to share orientations and expand Vietnam-Cuba investment and trade cooperation.

President of the Cuban National Assembly Esteban Lazo Hernández led a high-ranking delegation to meet with the business community of Ho Chi Minh City.

Also attending were Cuban Ambassador to Vietnam Rogelio Polanco Fuentes; Secretary General of the Cuban National Assembly Homero Acosta Álvarez. On the Vietnamese side were: Deputy Secretary of the National Assembly Party Committee Vu Hai Ha; Vice Chairman of the Ho Chi Minh City People's Committee Nguyen Van Dung and many businesses in Ho Chi Minh City.

Cuban National Assembly President Esteban Lazo Hernández speaks

At the meeting, Ms. Vilma Sánchez Sempé, Director of the Department of Trade Policy with Asia and Oceania, Ministry of Foreign Trade and Foreign Investment of Cuba, affirmed that Vietnam continues to be an important partner of Cuba in Asia, a key investor in the fields of energy, trade, construction, technology, processing, etc. The agreements reached after General Secretary To Lam's visit to Cuba in September 2024, especially the incentives for Vietnamese enterprises, have created a positive foundation; the rice production cooperation program for the period 2025-2027 has initially shown positive results.

Ms. Vilma Sánchez Sempé, Director of the Trade Policy Department with Asia and Oceania, Ministry of Foreign Trade and Foreign Investment of Cuba, spoke

The Cuban representative also emphasized that the country has received many investment proposals from Vietnamese enterprises in the fields of communications, telecommunications, and agriculture. For example, Thai Binh Group is deploying drones to sow seeds, fertilize, and produce rice on an area of ​​1,000 hectares. This is a pilot model that opens up great prospects, and Cuba hopes to have more Vietnamese enterprises participate in the fields of agriculture and high technology.

A representative of Thai Binh Group said that after nearly 30 years of presence in Cuba, the company has invested in 3 factories with a total capital of more than 50 million USD, with export turnover of over 100 million USD/year. In 2025, the group will be licensed to expand to supermarket chains, instant noodle factories, and rice growing projects. The company proposed that the State consider preferential credit mechanisms for overseas investment to increase financial capacity.

Representative of Thai Binh Group speaking

In addition, many businesses in renewable energy, technology, and services have expressed interest in the Cuban market; a number of Vietnam-Cuba joint ventures in food and foodstuffs have been established, enjoying special incentives from Cuba.

In the context of increasingly strong Vietnam-Cuba relations, Ho Chi Minh City continues to play a bridging role in promoting investment and trade cooperation between the two countries.

Vice Chairman of Ho Chi Minh City People's Committee Nguyen Van Dung speaks

Vice Chairman of the Ho Chi Minh City People's Committee Nguyen Van Dung emphasized that the meeting was a meaningful opportunity for the city's business community to learn more about the investment potential in Cuba. Many businesses, especially young businesses, expressed their desire to cooperate with this potential market.

He highly appreciated the speech of Cuban National Assembly President Esteban Lazo Hernández on the country's development orientation and investment attraction policy, considering this an important source of encouragement for Vietnamese enterprises in general and Ho Chi Minh City in particular.

High-ranking Cuban delegation with delegates and businesses at the meeting

The leaders of Ho Chi Minh City affirmed that they will closely coordinate with the Cuban Consulate and trade and investment promotion agencies to enhance exchanges, provide information, and facilitate businesses to access cooperation opportunities; believing that the results of the meeting will become an important foundation, contributing to promoting investment cooperation and deepening the special, loyal, and steadfast friendship between the two peoples of Vietnam and Cuba, including the positive contribution of Ho Chi Minh City.

Source: https://daibieunhandan.vn/chu-tich-quoc-hoi-cua-gap-go-doanh-nghiep-viet-nam-tai-tp-ho-chi-minh-10389050.html