Vietnam, Cuba Further Deepening Cooperation

10:11:03 AM | 11/30/2020

Mr. Hoang Quang Phong, Vice President of the Vietnam Chamber of Commerce and Industry (VCCI), recently received Madam Lianys Torres Rivera, Ambassador of Cuba to Vietnam, before she finished her term of office in Vietnam.

The host highly appreciated the ambassador's contributions to Vietnam - Cuba cooperation during her service in Vietnam. He thanked the Cuban Ambassador for her enthusiastic and active support in reinforcing and boosting trade and investment relations of the two countries’ enterprises.

VCCI Vice President Phong said that the bilateral economic - trade - investment ties have grown steadily. The average trade value is about US$350 million. Leaders of the two countries agreed to boost sustainable trade growth and bring the two-way trade value to US$500 million by 2022. Currently, the export -import structure of the two countries can be supplementary. Vietnamese firms are strong at supplying apparel, footwear, and electronics.

At the meeting, Ambassador Lianys Torres Rivera briefed the good traditional cooperation ties between Vietnam - Cuba, including the effective cooperation of Vietnamese and Cuban Chambers of Commerce. She affirmed that the Vietnam - Cuba traditional friendship is comprehensive and cooperative. Since the establishment of diplomatic relations in 1960, the friendly cooperation has been increasingly deepened.

She hoped that VCCI will enhance support for businesses of both sides to exchange and cooperate by organizing many trade programs, business forums, conferences and exhibitions, especially after the two countries put the Trade Agreement into effect from April 1, 2020. This agreement consists of many new preferential commitments, expected to boost bilateral economic, trade and investment cooperation to new highs.

VCCI Vice President Phong expected that Ambassador Lianys Torres Rivera, after returning home and assuming any position, will continue to make positive contributions to further tightening the good diplomatic ties in the near future.

By Huong Ly, Vietnam Business Forum