Vietnamese Company to Invest in Cuban Mariel Zone

Vietnam´s Thai Binh Investment Trading Corp expects to build plants to produce detergent and disposable diapers at the Special Development Zone located at the Mariel Port, in western Cuba.

Thai Binh representative in Cuba Tran Thien Minh told PL news agency earlier this year about plans for the year and that the new factories will further strengthen bilateral ties between the two countries.

Vietnam is among 30 countries proposing investment projects for the Cuban Special Zone.

"We have been at the Cuban market since 1998," said Tran Thien and recalled that the Vietnamese company was one of the first entities of that country to establish commercial relations with Caribbean nations.

In the beginning we exported textiles, shoes, perfumes and foods, but later we added construction materials, furniture, stereos and home appliances, said the executive.

Thai Binh sold tiles in Cuba foro ver 12 million dollars in 2014. It is tiles that make the largest sales of that company in Cuba, according to information by that entity.