In his speech, Deputy PM Khai stressed that the bilateral cooperation relationship still maintains development momentum in all fields although Vietnam and Cuba have faced many difficulties and challenges in recent years.

Cuban Prime Minister Manuel Marrero Cruz speaks at the event.

Notably, economic and scientific and technical cooperation through the intergovernmental committee mechanism has been maintained regularly, recording important achievements, significantly contributing to the promotion of the Vietnam – Cuba comprehensive cooperation.

He spoke highly of Vietnamese businesses which have actively seized opportunities and responded to the Cuban government’s investment attraction policy.

The Vietnam - Cuba trade agreement, which was signed in 2018 and officially took effect from April 2020, is an important legal basis for businesses of the two sides to fully tap tariff preferences, towards lifting the two-way trade to 500 million USD in the next five years, he noted.

Khai said he believes that with the participation of Vietnamese ministries, agencies, and enterprises, the two sides will create new investment and business opportunities, thus further boosting the bilateral economic, trade and investment cooperation.

For his part, Cuban PM Cruz praised Vietnam’s socio-economic development achievements, especially the Southeast Asian nation’s stable development amid the Covid-19 pandemic and in the context of complicated political and economic situation in the world.

Cuba still records socio-economic development progress with the participation and contribution of many economic sectors although the country continues to face many difficulties from embargo policies and natural disasters, he noted.

The country has focused on agriculture, industry, tourism, biotechnology, pharmaceuticals, health care, and information technology, he said, adding that Cuba has also effectively controlled the Covid-19 pandemic.

The Cuban leader pledged to prioritise and create the most favourable conditions for Vietnam-Cuba trade relations, and for Vietnamese businesses investing in Cuba, expressing his belief that the forum will mark a new stage in the trade cooperation between the two countries.

Foreign investment disbursement hits record high in nine months

Disbursement of foreign direct investment (FDI) in the first nine months of this year reached 15.4 billion USD, up 16.2 % year-on-year and marking a record high, a report from the Foreign Investment Department (FIA) has shown.

Drastic measures needed to speed up public investment capital disbursement: PM

Prime Minister Pham Minh Chinh stressed the need for drastic measures to speed up the disbursement of public investment capital and the implementation of the socio-economic recovery and development programme as well as three c, while chairing a meeting with ministries, sectors and localities on September 26.

Vietnam facilitates foreign firms’ investment activities: PM

Prime Minister Pham Minh Chinh chaired a hybrid meeting with foreign-invested enterprises and business associations on September 17, during which he pledged to create favourable conditions for FDI enterprises to invest successfully and sustainably in Vietnam.

Hanoi facilitates investment from Republic of Korea

Chairman of Hanoi People’s Committee Tran Sy Thanh has pledged to create all possible conditions for foreign firms, including those from the Republic of Korea, to invest in the city.

Opportunity to welcome new wave of investment in Vietnam

For the first time in its 25 years of presence in Vietnam, US aircraft maker Boeing has recently held an aerospace industry forum in Vietnam instead of commercial events related to aircraft orders as usual.

Source: VNA