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Cuba has plenty of room for Vietnamese businesses: VCCI
While addressing a conference on April 19 on promoting trade and investment in Cuba, VCCI Vice President Doan Duy Khuong confirmed that the organisation would work closely with the Cuban embassy and Cuba’s trade promotion agencies to support the two countries’ enterprises.
He anticipated that economic, trade and investment cooperation between Vietnam and Cuba would see strong development in the time ahead.
Cuban Ambassador to Vietnam Herminio Lopez Diaz agreed that the bilateral trade relationship was not commensurate with the two countries’ fine political ties and should be upgraded.
He added that dialogue was necessary to foster trade relations and pledged that the Cuban side would facilitate investment and trade cooperation between the two countries.
Total trade between Vietnam and Cuba reached US$207.5 million in 2014, increasing to US$235 million in 2015 and nearly US$250 million last year.
Vietnam’s major exports to Cuba are rice, coal, chemicals, garments, computers while the country’s main imports from Cuba are drugs and functional foods.
According to the Ministry of Planning and Investment, Cuba has only one investment project in Vietnam with registered capital of US$6.6 billion while Vietnam has invested in several projects in Cuba.
Industrial revolution poses challenges to APEC economies
Deputy Minister of Labour, Invalids and Social Affairs Doan Mau Diep delivered this message at the “Workshop on the World of Work and Labour Market Information in the Digital Age” which was held in Hanoi on May 11 in preparation for the High Level Policy Dialogue on Human Resources Development in the Digital Age. The workshop takes place at a time when the world is experiencing great structural changes due to technological advances, specialised production and growing demand for highly skilled… chat_bubble_outline Read More...
Japanese firms eye opportunities in southern Vietnam
VietNamNet Bridge – A delegation of some 20 Japanese enterprises led by Tatsuhiro Shindo, executive vice president of the Japan External Trade Organization (Jetro), had a meeting with the HCMC government on January 18 to sound out investment opportunities. HCMC vice chairman Le Thanh Liem (L) and executive vice president of the Japan External Trade Organization Tatsuhiro Shindo exchange their business cards before – Photo: Hung Le/SGT These firms are active in such sectors as industrial… chat_bubble_outline Read More...
Japan increases checks for antibiotic in Vietnamese shrimp
Japan has increased checks for Sulfadiazine in Vietnamese shrimps being shipped to the country as of December 6, according to Viet Nam’s National Agro-Forestry- Fisheries Quality Assurance Department (NAFIQAD). Japan has increased checks for Sulfadiazine in Vietnamese shrimps being shipped to the country as of December 6, according to Viet Nam’s National Agro-Forestry- Fisheries Quality Assurance Department (NAFIQAD). Sulfadiazine is an antibiotic.According to the department, it received… chat_bubble_outline Read More...
Another nuclear weapons contractor pays millions to settle charges of illegally diverting federal funds
This article has been co-published with USA Today/Gannett.A $67.5 million payment by a major nuclear weapons contractor to settle claims that it illegally spent federal funds is the latest in a series of settlements stemming from allegations that firms making bombs and cleaning up the resulting debris are using federal money improperly to win support for continued weapons-related work.Altogether, the three companies that have made such settlement payments since 2013 are involved in the… chat_bubble_outline Read More...
Obama bars China's Fujian from buying Aixtron's U.S. business
U.S. President Barack Obama speaks during a joint news conference with German Chancellor Angela Merkel in Berlin, Germany, November 17, 2016. Photo by Reuters/Fabrizio Bensch President Barack Obama blocked a Chinese investment fund from acquiring the U.S. business of German semiconductor equipment maker Aixtron because the deal posed a risk to American national security, the Treasury Department said on Friday. Obama's executive order barring China's Fujian Grand Chip Investment Fund (FGC) from… chat_bubble_outline Read More...