Finance Minister in Cuba to boost financial cooperation

During his talks with Cuban Minister of Finance and Prices Lina Olinda Pedraza Rodriguez on August 24, Dung said the two financial ministries need to maintain and improve the efficiency of existing cooperation mechanisms to promote economic, trade and investment collaboration between the two countries in correspondence with their sound political relations. Vietnam and Cuba need to focus cooperation on taxation management and reform. Photo for illustration He recommended that both sides focus cooperation on taxation management and reform and human resource training for their state treasuries as part of the Memorandum of Understanding on cooperation for 2016-2020. Minister Dung also urged the two sides to push forward with joint work to implement specific contents and projects under the cooperation framework of the Vietnam-Cuba Inter-Governmental Committee. For her part, Minister Lina Olinda Pedraza Rodriguez highlighted the achievements in experience sharing and negotiations of investment projects between the two countries. She proposed strengthening cooperation in the customs sector as Cuba seeks to ensure safety and security for international flights while carrying out its open-door policy. The two sides can also consider signing cooperation programs to promote experience sharing, delegation exchanges and joint activities in fighting smuggling and other sectors of mutual interests, she said. The same day, Minister Dung met with Vice President of the Council of Ministers Ricardo Cabrisas Ruiz, who is also Minister of Economy and Planning. On the occasion, the Ministry of Finance sent a group…... [read more]

He made the affirmation when receiving in Hanoi on October 6 Standing Deputy Minister of Economic Cooperation and Foreign Investment of Cuba Ramon Ripoll Diaz, who is the head of the Cuban delegation to the 24th session of the Vietnam-Cuba Intergovernmental Committee.He said the two countries need to coordinate more closely to increase the efficiency of their cooperation under signed economic contracts so as to contribute to fulfilling their socio-economic targets.The Vietnamese government leader held that the traditional friendship between Vietnam and Cuba is growing fruitfully, largely owing to the close collaboration of the two countries' intergovernmental committee which helped clear obstacles for bilateral cooperation.On this occasion, PM Dung asked the Cuban guest to convey to Fidel Castro best regards and wish for his quick recovery. The Cuban official told his host that he was pleased to see increases in his country's imports of Vietnamese rice, computer and power-saving light bulbs.He also spoke of Vietnam's contribution to Cuba's successful hosting of the conference of the Non-aligned Movement and wished that Vietnam would continue supporting Cuba in the cause of building socialism. Meanwhile, Vietnam and Cuba agreed to continue implementing 19 economic, trade, and scientific and technological cooperation projects at the 24th annual session of the Vietnam-Cuba Inter-governmental Committee, which concluded on October 6.These include five projects in trade, six in economic development, and eight in science and technology.The two sides approved the 2006-2007 trade and economic cooperation plan covering 11 specific fields, including agriculture, seafood, science and technology.The two sides…... [read more]

Vietnamese Party General Secretary Nong Duc Manh met with Cuban President Fidel Castro who is in convalescence at CIMEQ, a hospital located on the outskirts of the City of Havana. The two leaders discussed measures to strengthen bilateral relations between Vietnam and Cuba and international issues of mutual concern. They were very pleased by the traditional solidarity and the fine development of relations between the two Parties and peoples and affirmed their determination to further develop the traditional friendship, solidarity, mutual trust and comprehensive cooperation between the two Parties and States, making contributions to peace, national independence, democracy, social progress, co-operation and development in Southeast Asia, Latin America and the rest of the world. Party leader Nong Duc Manh and President Fidel Castro shared similar views on international issues of mutual concern and they affirmed that Vietnam and Cuba totally supported each other’s external policy of independence and self-reliance. Party leader Manh wished that President Fidel Castro would soon recover to lead the Cuban people to win further success. In the morning of June 3 (Vietnamese time), Party leader Nong Duc Manh met with Carlos Lage Davila, a member of the Cuban Communist Party politburo, Vice President of the Council of Ministers and Secretary of the Executive Committee of the Council of Ministers. Mr Lage Davila praised the results of high level talks between Cuban and Vietnam and the signing of agreements between the two countries and emphasised that the visit opens a new period in the Cuba-Vietnam friendship, of…... [read more]

Secretary of the Communist Party of Vietnam Central Committee (CPVCC) Ho Duc Viet made the remark while receiving the visiting Cuban governmental minister, Ricardo Cabrisas Ruiz, who heads the Cuban section to the Vietnam-Cuba Inter-governmental Committee, in Hanoi on September 23.Mr Viet, who is also Head of the CPVCC’s Commission for Organisation, extended sympathy to the families of Cuban victims of the two recent hurricanes and losses triggered by the natural calamity.The Vietnamese official was pleased with immense achievements recorded by Cuban people in the past time despite blockage and embargoes imposed by hostile forces and repeated natural disasters.“Vietnam always stands side by side with Cuba and will do its best to reinforce and further promote solidarity, friendship and comprehensive cooperation with Cuba,” Mr Viet said.He expressed his belief that under the leadership of the Communist Party of Cuba led by Fidel Castro and Raul Castro, the Cuban people will soon surmount disaster consequences and overcome all difficulties and challenges to achieve greater successes in the cause of national construction and defence.The Cuban governmental minister briefed his host on the results of the 26th session of the Vietnam-Cuba Inter-governmental Committee and recent developments in Cuba.He took this occasion to thank the Vietnamese Party, State and people for prompt assistance to the Cuban people in overcoming the consequences of hurricanes.“Cuba is determined to bolster solidarity, friendship, and all-around cooperation with Vietnam,” Mr Ricardo stressed.... [read more]

While receiving Cuban President Raul Castro Ruz, Mr Triet praised the president who presided over the 14th NAM summit in Havana three years ago for his significant contributions to promoting solidarity and elevating the movement in the world arena. The two presidents expressed their pleasure at the positive development of special relationship between Vietnam and Cuba, saying it is an invaluable asset to the two nations and a source of encouragement for the revolutionary cause of each nation. They agreed to maintain the exchange of high-level visits and promote bilateral economic and trade cooperation to match their fine political ties. They agreed that the 28th session of the Vietnam-Cuba Inter-governmental Committee, scheduled to take place in Havana in September 2009, should focus on measures to effectively implement agreements reached during Party General Secretary Nong Duc Manh’s visit to Cuba in June 2007. Top priority will be given to finalising a mid-term plan under which Vietnam will support Cuba in agricultural production and help iron out snags in cooperation and investment projects in both countries. They include a project to build a bio-technology centre in Vietnam designed and supported by Cuba and a project to explore and exploit oil and gas in Cuba. Presidents Triet and Ruz said that both Vietnam and Cuba should work more closely and support each other in regional and international forums, especially in combating forces that make use of democracy and human rights issues to subvert the revolution in each country. They said that the two…... [read more]

Cuban Minister of Construction Fidel Figueroa made the statement at the 27th meeting of the Vietnam-Cuba Inter-Governmental Committee for Economic, Scientific and Technological Cooperation in Havana on October 19. Minister Figueroa, who is head of the Cuba-Vietnam Sub-committee for cooperation, thanked Vietnam for supplying rice to Cuba and implementing projects to grow rice, maize and soybean in the country with total capitalization of US$3.4 million. He said that these projects have helped Cuba complete its food security programme. He expressed satisfaction with effective cooperation between Vietnam and Cuba in informatics and construction, as well as in the exchange of goods between their businesses through trade fairs held in their respective countries. For his part, Vietnamese Minister of Construction Nguyen Hong Quan, who is head of the Vietnam-Cuba Sub-committee for cooperation, noted that despite the negative impact of the global economic crisis, the two countries have fulfilled most targets set at the previous session. However, the results have not yet matched their potential, said Mr Quan, adding that both countries should increase cooperation in food production, trade, oil&gas, bio-technology, investment, information and communication technology. A business forum was held the same day as part of the meeting, drawing the participation of representatives from 200 Cuban and Vietnamese companies.... [read more]

The First Vice-President warmly welcomed the Vietnamese delegation’s visit to Cuba to attend the 28th session of the Vietnam-Cuba Inter-governmental Committee for economic, scientific and technological cooperation. He highly appreciated the good results of the session as a practical contribution to strengthening mutual understanding, solidarity and friendship between the two countries. He emphasised the importance of sharing experience in economic development and socialist construction, and sincerely thanked Vietnam for having supported and cooperated with Cuba. After conveying the regards of the Vietnamese Party and State leaders to their Cuban counterparts, Minister Nguyen Hong Quan voiced strong support for Cuba in all fields, especially in ensuring food security in the country. While in Cuba, Minister Quan had a working session with Ramiro Valdez, Vice President of the Council of State, Ricardo Cabrisas, Vice President of the Cuban Council of Ministers, and other Ministers of Foreign Trade and Investment, Tourism, Agriculture, Construction, and Information Science and Communication.... [read more]

During the visit, the Cuban delegation met with Foreign Minister Pham Binh Minh, Deputy Foreign Minister Ho Xuan Son, Chairman of the Vietnam-Cuba Inter-Governmental Committee Trinh Dinh Dung, Deputy Head of the Party Central Committee’s External Affairs Commission Nguyen Manh Hung, and Deputy Minister of Agriculture and Rural Development Bui Ba Bong. At the meetings, both sides briefed each other on the recent situation in their countries and discussed measures to promote bilateral ties and tackle international and regional issues of common concern. Deputy Minister Gonzalez said he is deeply impressed by Vietnam’s achievements in internal and external affairs and the good results of the first session of the 13th National Assembly. The Cuba Party, State and people appreciate Vietnam’s effective support for the country over the years, considering it as a vivid manifestation of the special friendship between the two countries, said Mr Gonzalez. The two countries agreed upon a host of measures to expand bilateral cooperation in various fields and underlined the need to closely work together and mutually support at international forums in order to protect their legitimate rights and raise their positions in the region and the world.... [read more]

Despite numerous difficulties, the Vietnamese Government gives priority to cooperation projects on rice production with Cuba, said Construction Minister Trinh Dinh Dung at the 29th session of the Vietnam-Cuba Inter-governmental Committee in Hanoi on October 7. Mr Dung, who co-chaired the meeting with Cuban Minister for Foreign Trade and Foreign Investment Rodrigo Malmiecra Diaz, asked the two countries’ relevant agencies and officials to iron out snags and work closely with each other to ensure the success of these projects. Cuban officials proposed that Vietnam continue to supply rice to the Caribbean island nation in the coming years to ensure national food security. In addition, they said to restructure debts Cuba will reduce the amount of rice imported from Vietnam to 300,000 tonnes next year. Minister Diaz confirmed that Vietnam-assisted agricultural production projects play an important role in Cuba. He said that the country will also cooperate effectively with Vietnam in bio-technology and pharmaceutical development and that the latest medicines will be available in Vietnam soon. Regarding trade, Minister Dung said that the two sides should draw up plans to settle bad debts, increase trade exchanges, undertake signed contracts on schedule and consider offering preferential interest rates to involved businesses. He proposed that the Cuban government allow the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) to open its branch in Cuba to facilitate the clearance of relevant procedures for businesses that take part in investment projects in Cuba. Minister Dung also proposed that Cuba create conditions for bilateral…... [read more]

Prime Minister Nguyen Tan Dung expressed his hope while receiving Cuban Minister for Foreign Trade and Foreign Investment Rodrigo Malmiecra Diaz in Hanoi on October 7. He also proposed that the Cuban government encourage their businesses to invest more in Vietnam. Such activity will help raise two-way trade between the two countries, which remained modest at US$250 million last year, said Mr Dung. The PM said that both countries should increase their economic, trade and investment cooperation to a level on a par with their fine political and diplomatic relations. He noted with satisfaction the results of the current Vietnam-Cuba cooperation program on agricultural production and hoped that Cuba would provide continued support for the program to make it a success. The Vietnamese Government will ask the Ministry of Agriculture and Rural Development to speed up the implementation of the program, Mr Dung assured his guest. For his part, Minister Diaz proposed that Vietnam provide stronger assistance in agricultural production projects, helping ensure food security in Cuba. Cuba welcomes Vietnamese businesses to invest in the nation in the direct or joint venture forms, said Minister Diaz. He also confirmed that his country is willing to share experience and increase cooperation with Vietnam in areas of its strength such as bio-technology and pharmaceutical development. The minister also briefed Mr Dung on the results of the first day of the 29th session of the Vietnam-Cuba inter-governmental committee and other working sessions with relevant Vietnamese ministries.... [read more]

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