Vietnam and Cuba have signed a memorandum of understanding (MoU) on building an agenda on bilateral economic cooperation, affirming the two Governments’ determination to further promote economic, trade and investment ties.
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Rice is Vietnam's main exporting products to Cuba. Photo: VNA
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The MoU was inked in Hanoi on August 7 by Vietnamese Construction Minister Trinh Dinh Dung, who is also President of the Vietnam-Cuba Intergovernmental Committee (VCIC), and Cuban Ambassador to Vietnam Fredesman Turro Gonzalez.
According to Minister Dung, the document marks a new progress in fostering socio-economic cooperation between the two countries.
It reflects the two countries’ desire to consolidate, expand and deepen their economic, trade and investment ties by defining priority areas for cooperation in the next five years with a view to bringing more practical and effective benefits to both nations’ development, he said.
Sharing Dung’s views, Ambassador Fredesman Turro Gonzalez said the document was a result of active contributions by Vietnamese agencies, especially the Construction Ministry.
It will be a foundation for both countries to coordinate more closely in building and implementing economic and trade cooperation initiatives in priority areas, he said.
On this occasion, Minister Dung presented the Cuban Ambassador with an insignia for the development of the Vietnamese construction sector.