First investor licensed in Cuba’s Vietnamese-built industrial park
First investor licensed to operate in Cuba’s Vietnamese-built industrial park
The Portuguese group Enpromoulds is the first enterprise to set up its plant at the ViMariel Industrial Park, which is located in Cuba’s Mariel Special Development Zone.
Havana (VNA) - The Portuguese group Enpromoulds is the first enterpriseto set up its plant at the ViMariel Industrial Park, which is located in Cuba’sMariel Special Development Zone.
Enpromoulds’ member unit Ecoplast has gained a permit to operate in theindustrial park for 25 years, producing paper, plastic and rubber moulds.
The industrial park is now under construction. Work on the park’s constructionstarted in November 2018 by the Vietnamese multi-sector group Viglacera.
The construction is expected to complete in five years and companies present atthe park may operate for 50 years.
The ViMariel Industrial Park is also Cuba’s first project handed over to afully-owned foreign firm at the Mariel Special Development Zone, which isdesigned to be Cuba’s leading economic region.
After six years of operation, the Mariel Special Development Zone has attracted2.2 billion USD worth of investment from companies in Spain, Russia, Mexico,Brazil, China, France, Germany and Vietnam./.
Vietnam and Cuba have huge potential to boost partnership in trade and investment, heard a conference held by the Vietnamese Ministry of Construction and the Cuban Ministry of Foreign Trade and Investment in Ho Chi Minh City on September 13.
Nguyen Thanh Phong, Chairman of the People’s Committee of Ho Chi Minh City, and visiting Cuban Minister of Foreign Trade and Investment Rodrigo Malmierca Diaz discussed ways to promote investment ties between the Vietnamese southern metropolis and Cuba, during their meeting on September 13.
Vietnam’s Deputy Foreign Minister Bui Thanh Son conducted the fifth political consultation with Cuba’s First Deputy Foreign Minister Marcelino Medina González as part of his official visit to Cuba on September 19-21.
Director General of the Vietnam News Agency (VNA) Nguyen Duc Loi, a member of the Communist Party of Vietnam (CPV) Central Committee, had a working session with Secretary of the Communist Party of Cuba (PCC) Central Committee and head of the PCC’s Thought Commission Victor Gaute Lopez in Hanoi on October 16.
Within the framework of the 74th General Assembly of the United Nations, Cuba plans to present a draft resolution asking the US to lift its economic blockade against Cuba. On this occasion, the Vietnam News Agency interviewed Cuban Ambassador to Vietnam Lianys Torres Rivera on the impact of the US policy of unilateral embargo, as well as on Vietnam’s support to the Cuban people.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
