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

Amendments to Land Law aim to achieve three key goals

Amendments to Land Law aim to achieve three key goals

The Government has identified three major objectives: promptly institutionalising Party policies on land, private-sector development and national digital transformation; addressing urgent practical obstacles to unlock resources and support the goal of double-digit economic growth; and building a modern, streamlined and effective land management system through stronger decentralisation and administrative reform.

Draft laws must support management reform, stronger decentralisation: PM

Draft laws must support management reform, stronger decentralisation: PM

Participants looked into 11 draft laws and one draft resolution, including laws amending and supplementing several articles of laws on non-agricultural land use tax and corporate income tax; natural resources tax; securities; accounting and independent auditing; the Labour Code; and laws on archives, gender equality, Red Cross activities and employment.

Top Vietnamese leader's New Zealand visit draws media attention

Top Vietnamese leader's New Zealand visit draws media attention

Reports, articles and assessments published on August 12-13 highlighted that Vietnam-New Zealand relations are shifting strongly from high-level political commitments to concrete cooperation programmes, with a focus on trade, investment, education, agriculture, science and technology, defence and security, and climate change response.

Party General Secretary and President meets Vietnamese community in New Zealand

Party General Secretary and President meets Vietnamese community in New Zealand

General Secretary of the Communist Party of Vietnam (CPV) Central Committee and President To Lam described overseas Vietnamese as “ambassadors” who help promote Vietnam's positive image internationally, and urged them to maintain solidarity, preserve national pride and cultural traditions, and make practical contributions to the country's development.

Vietnamese Party leader attends funeral service for top Lao legislator

Vietnamese Party leader attends funeral service for top Lao legislator

The Party leader stressed that the passing of NA President Xaysomphone is a great loss to the Lao Party, State and people, while Vietnam has also lost a great friend and a close, loyal comrade who had always held deep affection for the country, offered valuable support, and worked tirelessly to nurture and consolidate the Vietnam-Laos great friendship, special solidarity, comprehensive cooperation and strategic cohesion.

Singapore remains one of Vietnam's leading important partners: PM

Singapore remains one of Vietnam's leading important partners: PM

Highlighting positive outcomes in Vietnam-Singapore cooperation across all areas, particularly since bilateral ties were elevated to a Comprehensive Strategic Partnership in March 2025, Prime Minister Le Minh Hung proposed that the two sides maintain and step up high-level visits and exchanges at all levels.

Vietnam, Australia hold 8th Foreign Ministers' Meeting

Vietnam, Australia hold 8th Foreign Ministers' Meeting

Australia attaches great importance to its Comprehensive Strategic Partnership with Vietnam and highly values the substantive progress in bilateral relations, said Australian Minister for Foreign Affairs Penny Wong.

Quang Ninh, Bac Ninh urged to embrace modern urban governance

Quang Ninh, Bac Ninh urged to embrace modern urban governance

According to Government proposals submitted to the legislature, Quang Ninh and Bac Ninh cities will be formed based on the respective natural areas, populations and numbers of commune-level administrative units of the two provinces. Both proposals meet all five conditions stipulated in the Law on Organisation of Local Administration No. 72/2025/QH15 and all seven criteria for establishing centrally-run cities under Resolution No. 112/2025/UBTVQH15.

Laos holds State funeral for National Assembly President

Laos holds State funeral for National Assembly President

Xaysomphone Phomvihane was a capable revolutionary intellectual with broad knowledge and a strategic vision. Throughout his career, he remained committed to the Party's ideals and objectives, and demonstrated responsibility, flexibility and discipline in carrying out his assigned tasks.

Prime Minister receives outgoing Israeli Ambassador

Prime Minister receives outgoing Israeli Ambassador

Prime Minister Le Minh Hung asked the Israeli Government to continue creating favourable conditions for Vietnamese people living, studying and working in Israel at a meeting with outgoing Israeli Ambassador to Vietnam Yaron Mayer in Hanoi on August 12.