Vietnam, Cuba for Greater Trade

By Susana Ugarte Soler, Prensa Latina

Hanoi : Vietnam and Cuba held Thursday in this capital the third session of their Bilateral Managerial Committee, which advocated boosting trade.

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Over 40 Vietnamese companies and about 20 from Cuba, including three corporations, attended the meeting, opened by Bui Quang Do and Antonio Gonzalez Fernandez, respective presidents of the Committee who said it was feasible to complement both economies.

The Havana representation is offering the Vietnamese market new items such as vaccines and medicines from the biotechnological industry, medical and sports services, information technology products and lines of production goods.

The bilateral exchange reached $270 million, 44 percent more than in 2006, stated Do, vice president of local Commerce Chamber, who highlighted prospects in several spheres.

Bui Quang Do urged the national managerial sector to participate in the Havana International Fair, the largest trade expo in Latin America.

Vietnamese electronic company general director Hanel Nguyen Quoc Binh described experiences of the company in trade with Cuba and its growth plans.

The third session of the Cuba-Vietnam Managerial Committee was attended by the Caribbean country’s ambassador Jesus Aise Sotolongo, deputy ministers and top officials from several national ministries, followed by a negotiation round between both parts.