The event, organized by the Thai Binh Investment Trading Corporation  in co-ordination with the Vietnamese embassy in Cuba, aimed to introduce the trade potential and promote economic and investment cooperation between Vietnam and Cuba.

Speaking at the conference, Vietnamese ambassador to Cuba Vu Chi Cong said that, despite the US embargo against Cuba and the geological distance between the two countries, Vietnam has maintained and developed a multifaceted relationship with the country, making it Cuba's second biggest trade partner in Asia.

Ambassador Cong said the conference offered an opportunity for businesses in both countries to devise measures and action plans to strengthen bilateral relations.

Raisa Costa Blanco, Director of the Centre for Promoting Cuban Foreign Trade and Investment (CEPEC), said in order to effectively implement new socio-economic policies approved by Cuba’s Party and State, Cuban businesses are gradually improving themselves and widening cooperation with foreign counterparts, in an effort to contribute more to national economic development.

She also introduced prioritized fields to call for investment from the Cuban Government such as tourism, oil and gas, mineral exploration and renewable energy.

Blanco affirmed that the Cuban market always opens the door to foreign businesses, including those from Vietnam.

She said she hopes Cuban and Vietnamese businesses will be able to cooperate in various fields and contribute to the development of both countries.