The Chairman of Vietnam’s National Assembly, Vuong Dinh Hue, and his Cuban counterpart, Esteban Lazo Hernandez, attended the groundbreaking ceremony for Vimariel Industrial Park Phase II of Viglacera Corporation, on April 21, as part of his official visit to Cuba.
On the morning of April 21 (local time), at Mariel Special Development Zone (ZEDM), Republic of Cuba, the Chairman of Vietnam’s National Assembly Vuong Dinh Hue attended the groundbreaking ceremony of the southern subdivision of ViMariel Industrial Park of Viglacera Corporation – JSC, in cooperation with ViMariel Company – JSC (branch of Viglacera Corporation in Cuba).
The ceremony was honored to welcome the Chairman of Vietnam’s National Assembly Vuong Dinh Hue, Chairman of Cuba’s National Assembly Esteban Lazo Hernandez; the Minister of Construction of Vietnam Nguyen Thanh Nghi; the First Deputy Minister of Foreign Trade and Foreign Investment of Cuba Ana Teresita González Fraga and representatives of ministries, branches from the two countries and related enterprises.
In Mariel Special Development Zone, Artemisa province, the Chairman of Vietnam’s National Assembly Vuong Dinh Hue and Chairman of Cuba’s National Assembly Esteban Lazo Hernandez attended the groundbreaking ceremony of phase II, Vimariel Industrial Park of Viglacera Corporation. Photo: VNA
Speaking at the Groundbreaking Ceremony, the First Deputy Minister of Foreign Trade and Foreign Investment of Cuba Ana Teresita Gonzáslez Fraga highly appreciated the joint efforts of ViMariel Joint Stock Company and the Mariel Special Development Zone Office in attracting potential investors to establish new business activities in key areas that help develop Cuba’s economy.
Deputy Minister Ana Teresita Gonzáslez Fraga emphasized that this Phase II groundbreaking ceremony affirms the solidity and development of the economic relationship between Cuba and Vietnam. At the same time, she also expressed hope that new companies from Vietnam and other countries will also come to Mariel Special Development Zone.
The Deputy Minister called on Vietnamese enterprises, as pioneer and important partners of the ZEDM, to continue promoting and attracting investment to develop new projects that bring mutual benefits to both sides. Cuban authorities are always ready to support to continue promoting and turning new projects into reality.
Appreciating the efforts of ViMariel Joint Stock Company to overcome difficulties during the Covid-19 pandemic to complete the construction of phase I, attract 4 foreign investors and negotiate with many other investors, Minister of Construction of Vietnam Nguyen Thanh Nghi commented that this is an important event, affirming Viglacera’s determined efforts in expanding and increasing investment in Cuba.
The event is also a clear demonstration of the effective and sustainable cooperation between Vietnam and Cuba, making an important contribution to attracting investment from Vietnamese and foreign enterprises to the Mariel Special Development Zone, gradually developing industrial production to be self-sufficient in all circumstances and creating more jobs for Cubans, thereby promoting Cuba’s socio-economic development.
Chairman of Vietnam’s National Assembly Vuong Dinh Hue looked at the model of Vimariel Industrial Park, Mariel Special Development Zone, Cuba. Photo: VNA
Minister Nguyen Thanh Nghi believed that, with the increasingly practical and attractive investment attraction and incentive policies of the Cuban Government, in the future, there will be more foreign investors and Vietnamese enterprises investing in Mariel Special Development Zone.
The Minister suggested that Viglacera Corporation, with its experience of successfully developing 10 industrial parks in Vietnam, concentrate its resources in close coordination with the Mariel Special Development Zone Office to execute the construction on schedule, ensuring quality and safety, building synchronous and modern infrastructure to attract more investment projects in ViMariel Industrial Park.
At the same time, the Mariel Special Development Zone Office should continue to create favorable conditions to support ViMariel to ensure the progress of project construction, attract investment, and make an important contribution to promoting investment and business projects in particular and comprehensive cooperation between Vietnam and Cuba in general.
Also at the Groundbreaking Ceremony, Minister Nguyen Thanh Nghi expressed his pleasure when witnessing the awarding of the Investment Certificate of the Cuban Government to Vietnam’s Agri-VMA Company to invest in the production of animal feed in ViMariel Industrial Park.
ViMariel Joint Stock Company was established in 2018 to invest in the construction, management and operation of industrial park infrastructure with an area of 156 hectares in Mariel Special Development Zone, with a total investment capital of 41 million USD. This is the first foreign enterprise to be granted the right to use land by the Cuban government to build, manage and operate the industrial park infrastructure to attract investment in the fields of food and consumer goods, building materials production and electronic industry,
