Spurring Vietnamese-Cuban trade exchange

14:49 | 26/05/2015 Cooperation

(VEN) - Trade between Vietnam and Cuba is expected to grow further following a recent visit by a Cuban business delegation to Vietnam Foodexpo 2015, which was held from May 13-16 in Ho Chi Minh City.

Spurring Vietnamese-Cuban trade exchange

According to Bui Thanh An, Chief Representative of the Vietnam Trade Promotion Agency in Ho Chi Minh City, two-way trade between Vietnam and Cuba has increased annually, reaching US$207.5 million in 2014 – a 45 percent increase on 2013. Of this, Vietnam sold US$205.7 million worth of goods to Cuba and bought over US$1 million worth of their goods.

According to the Cuban Embassy in Vietnam, the delegation’s visit is intended to promote bilateral trade to coincide with the 55th anniversary of Vietnamese-Cuban diplomatic relations. During their debut at the international food exhibition, the Cuban Chamber of Commerce showcased some of their chief exports, including lobsters, various kinds of rum, and canned fruits.

The Ministry of Industry and Trade’s Vietnam Trade Promotion Agency organized Vietnam Foodexpo 2015, which took place from May 13-16 at the Sai Gon Exhibition and Convention Center in District 7, Ho Chi Minh City. The event hosted 500 booths from 300 businesses, hailing from 30 Vietnamese provinces and cities as well as 15 foreign countries and territories.

The Cuban Embassy in Vietnam said that Vietnam has imported Cuban seafood for the last two years to use as materials for processing and for export to other countries. As such, Vietnam Foodexpo 2015 was an ideal opportunity for Cuban seafood to expand their footprint in Vietnam.

Orlando Hernandez, the Chairman of the Cuban Chamber of Commerce, said that his government is actively calling on foreign businesses – particularly Vietnamese companies – to invest in Cuba. The Cuban government regards Vietnam as a special partner in trade promotion, and is hoping to welcome investors in agriculture, construction of complete production chains, and oil and gas extraction. By joining Vietnam Foodexpo 2015, Cuba took an active step towards increased trade exchange between the two countries.

By Mai Ca

Theo ven.vn