National Assembly Chairman Vuong Dinh Hue attended the groundbreaking ceremony of the southern subdivision of Viglacera’s ViMariel Industrial Park in Cuba
On the morning of April 21 (local time), at Mariel Special Development Zone (ZEDM) in the Republic of Cuba, National Assembly Chairman Vuong Dinh Hue attended the groundbreaking ceremony of the southern subdivision of ViMariel Industrial Park of Viglacera Corporation – JSC which is in cooperation with ViMariel Company – JSC (branch of Viglacera Corporation in Cuba).
The ceremony was honored to welcome National Assembly Chairman of Vietnam Vuong Dinh Hue, National Assembly Chairman of Cuba Esteban Lazo Hernandez; Minister of Construction of Vietnam Nguyen Thanh Nghi; First Deputy Minister of Foreign Trade and Investment of Cuba Ana Teresita González Fraga and representatives of ministries, branches, concerned two parties and related businesses.
Speaking at the Groundbreaking Ceremony, First Deputy Minister of Foreign Trade and 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 segments that develop Cuba’s economy.
Deputy Minister Ana Teresita Gonzáslez Fraga emphasized that this groundbreaking ceremony of phase II affirms the solidity and development of the economic relationship between Cuba and Vietnam. At the same time, she hoped that new companies from Vietnam and those from other countries will also come to Mariel Special Development Zone.
As a pioneer and important partner of the SEZ, the Deputy Minister called on Vietnamese businesses 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 turn 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 other investors, Minister of Construction of Vietnam Nguyen Thanh Nghi said that this was an important event, affirming Viglacera’s determined efforts in expanding and increasing investment in Cuba.
The event was 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 businesses into 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.
With the increasingly practical and attractive investment attraction and incentive policies of the Cuban Government, Minister Nguyen Thanh Nghi believed that there will be more foreign investors and Vietnamese enterprises participating in investment in Mariel Special Development Zone.
With its experience of successfully investing in 10 industrial parks in Vietnam, the Minister suggested that Viglacera Corporation concentrate its resources in close coordination with the Mariel Special Development Zone Office to execute the construction that needs to be on schedule, ensure quality and safety, build synchronous and modern infrastructure to attract more investment projects into the Vimariel Industrial Park.
At the same time, the Mariel Special Development Zone Office has continued to create favorable conditions for 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 he witnessed 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 the Vimariel Industrial Park.
ViMariel Joint Stock Company was established in 2018, and invested in the construction, management and operation of industrial park infrastructure with an area of 156 hectares in the Mariel Special Development Zone, with a total investment capital of USD 41 million. This is the first foreign enterprise granted the right to use land by the Cuban government to build, manage and operate the industrial park infrastructure to attract investment in the segments of food production, foodstuffs, consumer goods, building materials, electronic industry, and food.