Vietnam’s Agri VMA company has set up a branch at the Mariel Special Economic Development Zone (ZEDM) of Cuba, becoming the fifth with Vietnamese capital established at the zone, which is about 45km west of Havana capital, according to the zone’s office.
Vietnam’s Agri VMA company will manufacture and market animal feed and raw materials, breed pigs and other animals. Illustrative image (Photo: www. cubabusinessreport.com)
Havana (VNA) - Vietnam’s Agri VMA company hasset up a branch at the Mariel Special Economic Development Zone (ZEDM) of Cuba,becoming the fifth with Vietnamese capital established at the zone,which is about 45km west of Havana capital, according to the zone’s office.
In a statement posted on ZEDM's website, a representative of the special zoneemphasised that Agri VMA’s new investment, estimated at 21 million USD, contributesto strengthening the position of the Asian country with the largest presencehere.
The company will manufacture and market animal feed and raw materials, breedpigs and other animals as well as import agricultural inputs and technology.
Agri VMA production is expected to have a positive effect on food productionand import substitution, contributing to the achievement of food sovereignty inCuba.
A corner of Mariel Special Economic Development Zone of Cuba. (Photo: Getty Images)
Established in November 2013, ZEDM was the first and only of its kind inthe country.
Covering 465.4sq.m, ZEDM enjoys a privileged geographic locationas it locates in the centre of the Caribbean Sea and at the crossroads ofthe main maritime commercial traffic routes in the Western Hemisphere.
Once investing in ZEDM, 📖foreign investors are entitled to benefit from a 🔯0%tax rate for repatriated earnings and duty-free treatment of importing rawmaterials during the investment phase as well as 10-year exemption on taxes onprofits.
Other incentives include a one-stop-shop system that providesinformation to investors and facilitates companies' set up, registration andlicensing./.
Minister of Construction Nguyen Thanh Nghi held a working session with Cuban Minister of Foreign Trade and Foreign Investment Rodrigo Malmierca Diaz in Hanoi on September 27.
The Vietnam-Cuba business promotion forum took place in Hanoi on September 30, seeing the participation of visiting Cuban Prime Minister Manuel Marrero Cruz and Vietnamese Deputy Prime Minister Le Minh Khai.
General Phan Van Giang, Vice Secretary of the Central Military Commission and Defence Minister, hosted a reception in Hanoi on December 6 for Divisional General Víctor Rojo Ramos, head of the Political Directorate of the Cuban Revolutionary Armed Forces (FAR).
Party General Secretary Nguyen Phu Trong had a telephone talk with First Secretary of the Communist Party of Cuba (CPC) Central Committee and President of Cuba Miguel Díaz-Canel on December 21, during which the two sides discussed measures to further promote the bilateral ties in the future.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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.
Vietnam’s Agri VMA company will manufacture and market animal feed and raw materials, breed pigs and other animals. Illustrative image (Photo: www. cubabusinessreport.com) 
A corner of Mariel Special Economic Development Zone of Cuba. (Photo: Getty Images) 
