Leaders agree to raise Vietnam-Cuba trade to US$500 million by 2022

General Secretary of the Communist Party of Vietnam and President Nguyen Phu Trong held talks on November 9 with President of the Council of State and Council of Ministers of Cuba Miguel Mario Diaz-Canel Bermudez following a welcome ceremony held for the Cuban leader.

leaders agree to raise vietnam-cuba trade to us$500 million by 2022 hinh 0

During the talks, the leaders briefed each other on the situation in their respective countries and discussed orientations and measures to deepen the special relationship between the two sides in an effective and pragmatic fashion.

They also exchanged viewpoints on regional and international issues of shared concern. Party General Secretary and President Trong said the Cuban President’s visit will generate momentum for the bilateral relationship.

Congratulating the Cuban people on achievements they have recorded recently, the host noted his belief that Cubans, under the leadership of First Secretary of the Communist Party of Cuba Raul Castro, will gain even greater attainments in the time ahead.

He thanked the Cuban Government and people for their solidarity and valuable support for Vietnam. Vietnam wishes to deepen bilateral ties, meeting the aspirations and interests of people of both countries, while actively contributing to peace, stability, cooperation, and development in the region and the world, he said.

For his part, President Miguel Mario Diaz-Canel Bermudez applauded the reform achievements that the Vietnamese people have reaped over the past nearly three decades, saying that Cuba would also like to learn from Vietnam’s development experience.

He also used this occasion to thank the Vietnamese State and people for their solidarity and valuable support for their Cuban counterparts, and affirmed Cuba’s resolve to enhance the bilateral ties in order to effectively contribute to development in each country.

The two leaders applauded the growth of their countries’ comprehensive cooperation, including increasingly trustworthy political ties through regular delegation exchanges and experience sharing.

Cooperation mechanisms between the Vietnamese and Cuban Governments, ministries, and sectors have been maintained and become more and more effective. Relations between the two parties, parliaments, and peoples have also been enhanced, they noted.

The two sides pledged to keep close and all-round cooperation during their journeys of national construction and development. They will make efforts to intensify their exemplary fraternity, traditional friendship, comprehensive cooperation, and faithful solidarity.

At the talks, the leaders also discussed several measures to foster economic, trade, and investment partnerships in a result-oriented manner; strength ties in defence, security, external relations, agriculture, biotechnology, pharmaceutical, healthcare, education, and science-technology, and boost people-to-people exchange.

They applauded and emphasised the importance of the two Governments’ signing of a new trade agreement and a protocol on capital disbursement and financial management of the Vietnam-Cuba project on cooperation in rice production development for 2019-2023.

Party General Secretary and President Trong shared the Cuban President’s view that the current bilateral trade total at 240 million USD each year does not reflect the two countries’ trade potential, demand, and supply capacity. They agreed to give relevant direction to actively promote the implementation of the bilateral trade cooperation agreement, seek ways to facilitate businesses’ access to each other’s markets, and strive to raise trade to 500 million USD by 2022.

The leaders also expressed their delight at their countries’ growing coordination and mutual support at international organisations and multilateral forums, especially the United Nations, the Non-Aligned Movement, and the Forum for East Asia-Latin America Cooperation.

Regarding international and regional situations of shared concern, both sides shared the view that sovereignty and territorial disputes need to be resolved by peaceful means with respect for international law.

The Cuban President invited General Secretary and President Trong to pay an official visit to his country in the near future.

Before the talks, on behalf of the Vietnamese State, Party General Secretary and President Trong bestowed the Ho Chi Minh Order upon the Cuban leader in recognition of the latter’s contributions to bilateral friendship and cooperation.

The same day, Minister of Industry and Trade Tran Tuan Anh and Minister of Finance Dinh Tien Dung, representing the Vietnamese Government, and Vice President of the Cuban Council of Ministers Ricardo Cabrisas Ruiz, on behalf of the Cuban Government, signed the new trade agreement and the protocol on capital disbursement and financial management of the cooperation in rice production development for 2019-2023. 

VNA

Other News

Top leader demands concrete output under Resolution 57

Top leader demands concrete output under Resolution 57

Top leader To Lam stressed that while the 14th National Party Congress’s Resolution serves as the strategic blueprint for the country's next growth stage, Resolution 57 is one of the key engines for turning that blueprint into reality.

Politburo sets six priorities for implementing Resolution No. 57

Politburo sets six priorities for implementing Resolution No. 57

After 18 months of implementing Resolution No. 57, ministries, sectors and localities have adopted innovative and effective approaches that have generated positive momentum, while winning broad support from businesses, the scientific community and the public for policies on science, technology, innovation and digital transformation.

Foreign affairs should better serve national development: Top leader

Foreign affairs should better serve national development: Top leader

Party General Secretary and State President To Lam underscored that Vietnam’s development goals for 2030, with a vision to 2045, require foreign affairs and international integration to become more proactive, with stronger forecasting capacity, timely and accurate policy advice, and swift action.

Conference reviews one-year implementation of three-tier administration model

Conference reviews one-year implementation of three-tier administration model

The event was held in a hybrid format, with the main venue at the Dien Hong Hall of the National Assembly building and online connection to 3,651 venues across ministries, central agencies, socio-political organisations, and headquarters of provincial, municipal, commune, ward and special-zone administrations nationwide.

Top leader calls for modern artillery-missile force capable of meeting new challenges

Top leader calls for modern artillery-missile force capable of meeting new challenges

He urged the Artillery-Missile Command to develop a force that is strong in political, ideological and organisational foundations, with absolute loyalty to the Party, the nation and the people, thorough understanding of the Party's military and defence guidelines and directives on safeguarding the Fatherland and building a revolutionary, regular, elite and modern army.

NA Chairman calls on Hanoi to turn master plan vision into tangible development projects

NA Chairman calls on Hanoi to turn master plan vision into tangible development projects

Chairman Man described the publication of the master plan as more than the unveiling of a development blueprint. It sends a strong message of action and demonstrates the city's determination to translate the resolutions of the 14th National Party Congress and the 18th Hanoi Party Congress into reality, in line with Party General Secretary and State President To Lam’s directive that “Hanoi must do what it commits to do, do it quickly, correctly, effectively and thoroughly.”

Deputy PM receives special advisor to Japan-Vietnam parliamentary friendship alliance

Deputy PM receives special advisor to Japan-Vietnam parliamentary friendship alliance

Deputy Prime Minister Le Tien Chau highly valued Special Advisor to the Japan-Vietnam Parliamentary Friendship Alliance Takebe's more than three decades of contributions to promoting Vietnam-Japan friendship and cooperation, particularly in people-to-people exchanges, local-level cooperation, education and human resource development, with the Vietnam-Japan University (VJU) project standing out as a flagship initiative.

Viet Nam stand ready to support Venezuela after earthquake

Viet Nam stand ready to support Venezuela after earthquake

PSNews - During the press briefing of Viet Nam’s Ministry of Foreign Affairs held on June 25, spokeswoman Pham Thu Hang provided updates on measures to protect Vietnamese citizens affected by the earthquake in Venezuela and a fire at Moscow’s Sadovod market, while reiterating support for victims of Agent Orange/dioxin.

Vietnam, Cambodia foster defence cooperation

Vietnam, Cambodia foster defence cooperation

Vietnam is ready to share training expertise, dispatch delegations to Cambodia for exchanges, and welcome Cambodian delegations to Vietnam for study visits and experience sharing.

Top leader calls on youth to think bigger, learn faster, make more contributions

Top leader calls on youth to think bigger, learn faster, make more contributions

Addressing the opening session of the 13th Ho Chi Minh Communist Youth Union National Congress for the 2026–2031 term in Hanoi on June 25, the Party and State leader told 788 delegates representing more than 5.1 million HCYU members and nearly 22 million young people nationwide that the country is entering a new stage of development in which young people are not only inheritors of the revolutionary cause but also direct architects of the future.

Minister Luong Tam Quang: Clear determination of personal responsibility helps contribute to boosting science and technology

Minister Luong Tam Quang: Clear determination of personal responsibility helps contribute to boosting science and technology

Prime Minister Le Minh Hung chaired a thematic meeting, on the afternoon of June 23, to review the implementation of Resolution No. 57-NQ/TW following its third session in 2026. Permanent Deputy Prime Minister Pham Gia Tuc, Deputy Prime Minister Ho Quoc Dung and Minister of Public Security General Luong Tam Quang moderated the discussions on solutions to accelerate the development of science, technology and innovation.

Top leader askes for building modern army based on science, technology

Top leader askes for building modern army based on science, technology

In the first six months of 2026, the Central Military Commission and the Ministry of National Defence have provided sound strategic advice to the Party and State on military and defence matters, maintained the strategic initiative, and prevented any passive or unexpected situations. Efforts to build a politically strong army have continued alongside comprehensive Party and political work and strict implementation of the Party's resolutions and regulations.

13th National Congress of Ho Chi Minh Communist Youth Union opens in Hanoi

13th National Congress of Ho Chi Minh Communist Youth Union opens in Hanoi

The congress, which will last until June 25, is not only an occasion to review the achievements of the past term but also a significant milestone in defining the vision, objectives, and tasks of the youth union in the next phase, reinforcing the pioneering role of the younger generation as Vietnam approaches two major historic milestones: the 100th founding anniversary of the Communist Party of Vietnam (1930–2030) and the 100th founding anniversary of the Ho Chi Minh Communist Youth Union (1931–2031).