Vietnam has become Cuba’s second largest Asian partner, while trade transfers between the two countries reached $102 million in 2020.
This became known during the seminar on promoting investments in Mariel Special Development Zone (ZED Mariel) held in Ho Chi Minh City.
According to the Vietnam Plus news agency, this meeting in the Indochinese country aims to intensify cooperation in the fields of economy, investment, trade, tourism and health between this Asian city and Cuban places.
The event, organized by the Center for Trade and Investment Promotion of Ho Chi Minh City and the representative office of the Cuban logistics company Almacenes Universales SA, also aims to offer Vietnamese and Cuban companies the opportunity to learn policy changes and benefits of the trade agreements between Vietnam and Cuba.
At the event, Cao Thi Phi Van, deputy director of the center, reiterated the good progress in relations between the two nations, reflected in mutual aid during the COVID-19 pandemic.
Despite the geographical distance, bilateral trade is performing well and Vietnam currently has four projects operating in Cuba with a total capital of $44 million.
For her part, Ariadne Feo Labrada, Consul General of the Cuban Embassy in Ho Chi Minh City, presented the advantages of ZED Mariel in the province of Artemisa, 45 kilometers west of Havana.