5-10-09, 11:15 am

HAVANA, Cuba, May 9 (acn) Cuba and Vietnam signed in this capital an agreement that allows the Caribbean nation to acquire 5,120,000 polypropylene bags to pack sugar.

At the presentation of a Vietnamese commercial mission, made up of 12 major companies, represented through a subsidiary in Cuba of Nhat Trang Trade and Tourism Company LTD, officials with Cuban MAPRINTER and the Vietnamese entity signed the contract, which will strengthen the bilateral relations.

The Asian company also signed a Memorandum of Understanding with ARTEX, Cuba’s Ministry of Culture commercial company, in order to send to the Asian country music and dance groups to boost then Caribbean cultural presence in that region.

Vu Chi Cong, Viet Nam´s Ambassador to Cuba, highlighted the role Nhat Trang has played in the boosting of the commercial relations between the two nations.

The Ambassador underscored that this company, founded in 2001, has commercialized electric appliances, furniture, textiles, shoes, foods and other products; and it is currently promoting the entering of other Vietnamese companies in the Cuban market, aimed to invest in vital sectors of the Caribbean country’s economy.

In 2008, Nhat Trang’s subsidiary in Havana, billed for over two and a half million dollars, and for the current year has signed contracts in excess of 31,300,000 dollars, according to information divulged in this meeting.

From Cuban News Agency