She said that historical backgrounds and mutual support at every time have formed the special relationship between the two countries, with them setting up diplomatic ties on December 2, 1960.

Cuban Ambassador to Vietnam Lianys Torres Rivera

Vietnam always backs Cuba in the struggle against economic and trade embargo imposed by the U.S. over nearly 60 years, and Party General Secretary and State President Nguyen Phu Trong called for the removal of unilateral sanctions that hinder countries’ development, especially the besiege and embargo against Cuba, at the U.N. General Assembly’s recent 75th session, she highlighted.

Based on the special political ties, the Cuban diplomat suggested expanding bilateral cooperation to economics and trade.

According to her, both sides also hold great potential for cooperation in tourism, pharmaceuticals, culture, agriculture, food industry, and energy.

Cuba is willing to assist the Vietnamese business community in seeking collaboration opportunities in its market and carry out investment projects.

She went on to say that the Cuban Government is continuously improving its business environment, with the focus on completing legal mechanisms to attract more foreign investments, including the establishment of the single-window mechanism for investors.

With the Vietnam-Cuba Free Trade Agreement becoming effective in April, both countries are expecting 500 million USD in two-way trade turnover by 2025, she added.

Source: VNA