Leaders from Vietnamese and Cuban ministries, sectors, and businesses discussed the potential for bilateral cooperation at the Vietnam-Cuba Business Forum in Havana on April 21.
The forum was held as part of an official visit to Cuba by National Assembly Chairman Vuong Dinh Hue.
It attracted a large number of businesses in various fields, including agriculture, food, fisheries, energy, industry, construction, real estate, tourism, trade, and aviation.
Speaking at the meeting, Minister of Construction Nguyen Thanh Nghi said cooperation in trade and investment has played an important role in promoting the comprehensive partnership between the two countries.
Vietnam is currently Cuba’s second-largest trade partner in Asia, with two-way trade standing at $250-350 million every year in the 2015-2020 period.
Its major exports to Cuba include rice, electrical appliances, electronics, garments, footwear, cosmetics, construction materials, industrial materials, household appliances, and stationery.
Vietnam mainly imports medicines, vaccines, and medical bio-products from Cuba.
It is currently the largest Asian investor in Cuba, with five projects.
Businesses from the two countries signed cooperative agreements at the forum in the areas of electricity, oil and gas, construction materials, and aviation.
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