Vietnamese firm to export electric motorbikes to Cuba
Vietnamese electric motorbike manufacturer PEGA has recently signed contracts with a value of nearly 3 million USD to export two types of electric motorbikes to Cuba after its partner in the Caribbean nation had successfully tested and assessed the products’ overall quality.
PEGA's electric motorbikes to be exported to Cuba (Source: VNA)
Hanoi (VNA) – Vietnamese electric motorbike manufacturer PEGA hasrecently signed contracts with a value of nearly 3 million USD to export two typesof electric motorbikes to Cuba after its partner in the Caribbean nation hadsuccessfully tested and assessed the products’ overall quality.
The first contractincludes an order of 1,260 PEGA XMEN electric motorbikes with a value ofroughly 20 billion VND (862,000 USD). The order is currently being completedwith efforts made to prepare to transport the products to Cuba.
The second stipulatesthe shipment of more than 2,500 PEGA XMEN and PEGA AURA electric motorbikes,worth over 40 billion VND, with the shipment scheduled for August.
PEGA XMEN and PEGAAURA are two popular types of electric motorbikes with their engines having acapacity of 1,200W. Each electric motorbike can carry up to three people andhas the ability to climb slopes with no difficulty.
Upon discussing thedeal, PEGA Vietnam said that their Cuban partners expressed a desire toexclusively distribute PEGA electric motorbikes with a minimum of 20,000 unitsper year./.
The Government has recently issued Decree No.39/2020/ND-CP on a list of Vietnam’s special preferential import tariffs to implement the Vietnam – Cuba Free Trade Agreement from now until 2023.
A new trade agreement between Vietnam and Cuba officially came into force earlier this month, and is expected to help bring bilateral economic, trade and investment ties on par with their sound political relationship.
Deputy Prime Minister and Foreign Minister Pham Binh Minh held phone talks with Cuban Minister of Foreign Affairs Bruno Rodriguez Parrilla on May 8 to discuss cooperation between Vietnam and Cuba amid the COVID-19 outbreak.
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.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.