(MPI) - Deputy Minister Tran Quoc Phuong received Cuban Minister of Foreign Trade and Investment Rodrigo Malmierca Díaz in Hanoi on September 23.
MPI Deputy Minister Tran Quoc Phuong (right) and Cuban Minister of Foreign Trade and Investment Rodrigo Malmierca Díaz. Photo: MPI
Deputy Minister Phuong said Vietnam always treasures its traditional friendship and consolidated fraternity between the Party, State and people of Cuba and Vietnam. He took this occasion to thank Cuba’s support for Vietnam to effectively control the COVID-19 pandemic, making great efforts to the country’s recovery and development.
The deputy minister said two-way investment between Vietnam and Cuba is still modest and has yet to match potential; room remains to leverage two countries’ cooperation in the future. On the basis of long-standing solidarity and close-knit friendship, the Party and State of Vietnam always encourage Vietnamese businesses to expand their investment in Cuba, as well as create the most favourable conditions to attract Cuban enterprises to do business in Vietnam. He suggested the Cuban Embassy in Vietnam and the Ministry of Planning and Investment (MPI)’s Foreign Investment Agency continue to closely coordinate in the fields of mutual interest, particularly in the legal institution perfection, administrative procedures and business investment environment.
The deputy minister also proposed both countries introduce their strategy with an aim of better understanding of legal regulations, administrative procedures and effective investment promotion. He said, Vietnamese businesses pay much attention to Cuba’s legal system for attracting foreign investment, and Cuba’s export and domestic market for the ensure output for businesses.
Malmierca, for his part, said his visit is to prepare for the 40th session of the Vietnam-Cuba Intergovernmental Committee and Cuban Prime Minister’s visit. During this framework, the Vietnam-Cuba Business Forum is expected to organize.
He hailed Vietnam for always creating favorable conditions for Cuban businesses, and affirmed to increase investments in advanced technologies in Vietnam. He hoped the two sides will actively discuss and exchange ideas in order to further intensify the two countries’ relationship in the time to come.
Deputy Minister Phuong spoke highly of Malmierca’ proposals and expressed his hope that the two ministries in general, the Cuban Embassy in Vietnam and the MPI in particular, would continue to work closely to exchange issues of mutual concern. The MPI, the Cuban Embassy in Vietnam will seek to foster investment cooperation, he added, affirming to further strengthen the fraternal solidarity, comprehensive cooperation and mutual trust between the Party, State and people of Cuba and Vietnam/.
Ministry of Planning and Investment