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VN, Cuba to boost economic relations

Update: November, 25/2016 - 09:00
Vietnamese Minister of Construction Phạm Hồng Hà and Cuban Minister of Foreign Trade and Foreign Investment Rodrigo Malmierca sign a protocol on boosting bilateral economic and trade relations. – VNA/VNS Photo
Viet Nam News

HAVANA – A number of bilateral agreements in economic, scientific, and technological co-operation have been signed as Việt Nam and Cuba wrapped up the 34th session of  the Việt Nam – Cuba Intergovernmental Committee in the Caribbean country on Wednesday (Cuban time).

The agreements include a protocol on boosting bilateral economic and trade relations between the two traditionally friendly nations, an agreement on co-production of a typhoid vaccine, and an agreement on establishing a Cuba-based joint-venture to produce patterned tile and bathroom ceramics.

Representatives of Việt Nam’s Viglacera Corporation also signed an agreement with Cuba’s Islazul tourism corporation to improve the facilities of some hotels in Cuba.

Addressing the session’s closing ceremony, Cuban Minister of Foreign Trade and Foreign Investment and co-chairman of the committee Rodrigo Malmierca said the meeting has contributed to consolidating the traditional ties between the two parties, governments and peoples.

He also acknowledged a future challenge of raising bilateral economic relations to a higher level that is on par with the good bilateral political ties.

He affirmed that the two sides have defined a roadmap on economic co-operation in the medium term with various projects on tourism, construction, and healthcare.

Vietnamese Minister of Construction Phạm Hồng Hà, also co-chairman of the committee, said the two sides have agreed on improving the effectiveness of the committee’s activities and fostering bilateral co-operation through concrete projects.

He also called for an improvement in the business-exchange environment between the two countries to attract more investments from each other.

The two sides also agreed to sign an agreement on trade co-operation at the beginning of next year. – VNS

 

 

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