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.
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The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
