Cuban-Vietnamese plant to cover 90 percent of detergent demand

Cuba approved the creation of a joint venture with Vietnam, Suchel TBV S.A., to produce detergents in the Mariel Special Development Zone (ZEDM), which will enable it to replace more than 90 percent of the country's imports of this assortment.

An article published this Tuesday on the ZEDM website states that the alliance was established between the Cuban Mercantile Society Industrias Nexus S.A. and the Vietnamese Thai Binh Detergent Joint - Stock Company, to build a factory that will also produce other related products as well.

The plant, which is expected to be built in a period of 24 months, will have an annual production capacity of 50,000 tons of detergents for domestic and industrial use.

The communiqué adds that, with an initial investment estimated at 17.6 million dollars, the industry will have modern technologies and automatic control systems, according to world standards.

In addition, the note stresses, the processes will be environmentally friendly, requiring low energy consumption and generate a minimum of industrial waste.

In 2016, the Vietnamese company Thai Binh Global Trading Corp. was authorized as a user of the ZEDM for the production of disposable diapers and sanitary pads, while the first concessionaire of the Zone, ViMariel S.A., is also a company from this Asian country that will develop an industrial park.

The Thai Binh company has been present in Cuba for 20 years and stands out for being one of the first to export Vietnamese products to Latin America, including clothing, footwear, consumer goods, food and construction materials.

Belonging to the Light Industry Business Group since 1992, the company Industrias Nexus S.A. currently participates as a partner in two other associations in the ZEDM, a strategic area of the national economy.

Located 45 kilometers from Havana, the Zone had 36 approved businesses, including its first concessionaire.

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Anniversary of 11th world youth festival in Cuba marked

The Vietnam – Cuba Friendship Association and other relevant organizations on August 11 held a ceremony in Hanoi to mark the 40th anniversary of the 11th world youth festival in Cuba.

Stressing that the special friendship and relations between Vietnam and Cuba are an invaluable treasure built and nurtured by generations of leaders, peoples and youths of the two countries, Pulitburo member, Secretary of the Party Central Committee and head of its Commission for Mass Mobilization Truong Thi Mai affirmed the two festivals held in Cuba left deep and good imprints on the minds of the young generations of Vietnam.

The official, who is also chairwoman of the association, asked ministries and authorities of the two countries to push up the exchange of delegations and organize more cultural programmes so as to further consolidate and strengthen the solidarity and closeness between the peoples and young generations of the two countries.

At the ceremony, Mai also handed 50,000 USD raised by former Vietnamese delegates to the 11th world youth festival in Cuba to a school named “Bac Ho” (Uncle Ho) in Cuba.

The 11th festival world youth festival was held in Cuba from July 28 – August 5, 1978 with the participation of over 20,000 delegates from 145 countries representing more than 2.000 youth organizations throughout the world.

The Vietnamese delegation to the festival included many prominent figures who rendered considerable contributions to the country during the war and the national construction such as Le Hong Anh, Vo Thi Thang and Pham Tuan. Thang delivered the peace declaration of the world’s youth and students on the closing ceremony of the festival

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A look at Vietnam’s ‘Golden Bridge,’ a colossal pair of hands lifting a golden walkway

In the mountains of central Vietnam, a colossal pair of hands lifts a golden thread of walkway high above the clifftops, as if the mountain itself has sprouted limbs.

“I feel like I’m walking on clouds,” said Vuong Thuy Linh, a tourist from Hanoi. “It’s so unique”.

Cau Vang or the “Golden Bridge” in Vietnam’s Ba Na Hills has attracted scores of tourists since it opened in June, eager to see a novel piece of architecture famed for its unusual design.

The pedestrian walkway, designed by TA Landscape Architecture in Ho Chi Minh City, sits at over 1,000 meters (3,280 feet) above sea level and extends over the treetops from the edge of a leafy cliff face, offering tourists uninterrupted views of the majestic landscape beneath.

The Ba Na Hills, a popular getaway for the French during the colonial occupation of Vietnam, received over 2.7 million visitors last year, according to the Vietnam National Administration of Tourism.

But it is the Golden Bridge and its supports – two huge stone-colored human hands styled in such a way that it looks as if the jungle is struggling to reclaim them – which have garnered the most attention from visitors.
 
“The two, smooth, giant hands look real,” said Truong Hoang Linh Thuy, another tourist.
 
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Vietnamese culture promoted in US

The Vietnamese Culture Festival, held in New York from January 25-26, illustrated the country’s cultural identities to US and international friends in the lead up to the Lunar New Year.

The event was co-organised by Chairman of the Institute for Vietnamese Culture and Education (IVCE) Tran Thang and the American Museum of Natural History as part of the Asian Cultural Festival.

Activities included an Ao Dai ( Vietnam’s traditional long dress) fashion show, and a showcase of Dong Ho paintings and Vietnamese calligraphy.

Ao Dai worn by Vietnamese youth studying and working in the city drew the attention of local people and visitors.

Artist Vu Hoi demonstrated calligraphy to visitors, and how to create a Dong Ho painting, a type of Vietnamese woodcut painting from Dong Ho village in Bac Ninh province.

Le Hoai Trung, Vietnamese Ambassador to the United Nations, and many overseas Vietnamese and students, attended the festival.

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Cuba appreciates HCM City’s development experience

The Cuban leaders spoke highly of Ho Chi Minh City’s development experience while meeting with Chairman of the municipal People’s Committee Nguyen Thanh Phong, who visited the Latin American country from May 31 to June 7.

During talks with President of the Commission on International Relations of the Cuban National Assembly Yolanda Ferrer Gomez, Phong introduced his host to the role of HCM City in Vietnam’s development, especially in economy, as well as the city’s special mechanisms and achievements in managemetn of development materials and budget, administration decentralisation and improvement of people’s living standards.

He showed his respect for the Cuban people’s valuable sentiments and wholehearted assistance to Vietnam.

Potential for collaboration between the two countries remains huge, he said, adding that HCM City is the first locality in Vietnam to realise the outcomes of a recent visit to Cuba by General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong.

After recalling her impressions on the development of Vietnam during her recent visit, Yolanda Ferrer, who is also President of the Cuba-Vietnam Friendship Association, appreciated the Southeast Asian nation’s experience in developing and operating the National Assembly together with the system of people’s councils and people’s committees at all levels.

She affirmed the Cuban leaders’ determination to make necessary and suitable changes in the pursuit of the supreme goal of building socialism.

At an informal meeting on the sidelines of the talks with the HCM City delegation, President of the National Assembly of People's Power of Cuba Esteban Lazo Hernandez said Vietnam’s experience in development in general and legislation in particular is useful for the Cuban State and National Assembly to make decisions.

Meanwhile, Vice President of the Cuban Council of Ministers Ricarddo Cabrisas Ruiz briefed his guest on the recent achievements Cuba has made in its socio-economic model update. The two sides reviewed potential areas for trade and investment collaboration.

The HCM City mayor had a meeting with President of the Havana Assembly of People's Power Reynaldo Garcia Zapata to share development experience. He also presented 50,000 USD to help Havana and other Cuban localities overcome losses caused by recent prolonged floods.

During their stay in Cuba, the HCM City delegation had working sessions with the Department for External Relations of the Cuban Communist Party Central Committee, the Ministry of Foreign Trade and Investment and the Ministry of Tourism.

They attended a Vietnam-Cuba investment-trade-tourism promotion conference, visited the Mariel special economic zone, and laid wreaths at the statues of Cuban national hero Jose Marti and President Ho Chi Minh in Havana.

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Cuba and Vietnam Sign Five Commercial Agreements

Directives of Cuban and Vietnamese companies signed on Monday five commercial agreements in the framework of the Conference for the Promotion of Investment, Trade and Tourism in the city of Ho Chi Minh.

The new accords are aimed at encouraging exchanges of products and services among the promotion trade centers of both nations, Thai Binh Company, Artex Corporation, Nexus Industries S.A and tourism entities.

During the opening of the event, the President of the Peoples Committee of the city of Ho Chi Minh, Nguyen Thanh Phong highlighted the historic solidarity and cooperation ties between Cuba and Vietnam fomented by its maximum leaders.

Cuba Vietnam

Directives of Cuban and Vietnamese companies signed on Monday five commercial agreements 

 

He observed that the Cuban market has great potential for the Vietnamese companies to develop and invest especially in the fields of tourism, agriculture, food and consumer goods, while Cuba has potential in pharmaceutical products, medical assistance and construction.

The President of the Cuban Chamber of Commerce, Orlando Hernandez Guillen highlighted the positive increase of economic exchange with Vietnam, second trading partner in Asia.

During the encounter, representatives of institutions and entities from both nations exposed experiences and potential to increase the exchanges in the fields of renewable energy, tourism and furniture.

The Conference was presided by Vietnam´s ambassador to Cuba, Nguyen Hu Thang; the Director of Investments of the Foreign Trade Minister and executives of the participating companies.

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Cuba – new investment destination of Vietnamese firms

Cuba has emerged as the third biggest investment destination of Vietnamese enterprises after Laos and Cambodia.

According to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment, Vietnamese firms registered to invest 19.9 million USD in Cuba in the first four months of 2018 despite geographical distance.

This move is expected to open a new door with numerous business cooperation opportunities for the two countries.

The FIA revealed some investment projects of Vietnam in the new market including an oil and gas exploration project of PetroVietnam Exploration Production Corporation (PVEP) and diaper and washing powder production projects at Mariel Special Economic Development Zone of Thai Binh Company.

Several years ago, Cuba had been forecast to be an emerging market after Laos, Cambodia and Myanmar. There is plenty of room in this market and the Cuban government has repeatedly called on Vietnamese enterprises to make investment in the nation.

The opportunities have become more obvious after the visit to Cuba by Secretary General of the Communist Party of Vietnam (CPV) Central Committee Nguyen Phu Trong in March 2018 with a number of cooperation agreements signed.

Particularly, Vietnam’s Ministry of Industry and Trade and Cuba’s Ministry of Foreign Trade and Investment inked an agreement concluding the official negotiation between the two countries on a new bilateral free trade agreement (FTA).

The two sides pledged to conduct legal revisions to bring the FTA into force as soon as possible to support trade growth and attract investment.

Experts said these are important moves to boost Vietnam-Cuba trade and investment relations.

According to the FIA, Vietnamese firms poured 153.6 million USD abroad in the first four months of 2018. The figure included nearly 129 million USD in newly-registered capital and 24.6 million USD in increased capital.

Vietnam injected 80.12 million USD in Laos, making up 52.2 percent of the total investment capital, and 25.9 million USD in Cambodia in the January-April period.

  • Published in Cuba

Cuba, Vietnam Favor More Cooperation between Vaccine Producers

Vaccine Institute (IFV) in Cuba and its Vietnamese counterpart, Vabiotech, signed a memorandum of understanding in this capital to boost cooperation relations.

The document establishes the access to new technologies and products in an advanced stage as a key aspect, as well as new markets and possibilities of development, IFV Deputy Director Yury Valdes told Prensa Latina.

As part of an ongoing negotiation, Valdes and his colleague, Nivaldo Linares, the IFV director of Clinical Research, visited the headquarters of the Vietnamese vaccine producing company and verified its high scientific and technological level, in addition to exploring future possibilities of cooperation.

The memorandum was signed by Valdes and Vabiotech President Do Tuan Dat, in the presence of Cuban Ambassador Lianys Torres; Vietnam's Deputy Minister for Science and Technology, Pham Cong Tac; and the vice-president of the Chamber of Commerce and Industry, Doan Duy Khuong.

Vabiotech is one of Vietnam's major vaccine producers and, according to Valdes, its relations with the Cuban institute have borne fruits.

This time we share the objective of consolidating those ties by identifying new possibilities of mutually advantageous collaboration, including the exchange of technologies, products and expanded markets.

Valdes and Linares traveled to Hanoi to represent one of 27 Cuban companies attending the 27th International Trade Fair of Vietnam.

  • Published in Cuba
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