Viglacera successfully organized the Investment Promotion Workshop in the Cuban market

On October 04, 2023, the Investment Promotion Workshop in the Cuban market took place successfully with the participation of nearly 100 domestic businesses in many different fields interested in investing in Cuba.

Overview of the Conference.

Investment Promotion Workshop in the Cuban market was organized by Viglacera Corporation in collaboration with the Vietnam Chamber of Commerce and Industry (VCCI). Attending were the Ambassador Extraordinary and Plenipotentiary of the Republic of Cuba to Vietnam, the Cuban Trade Counselor to Vietnam, and Secretary General of Vietnam Chamber of Commerce and Industry. At the seminar, representatives of Vietnam and Cuba shared information about ViMariel Industrial Park, as well as fields that Cuba attracts investment in, the investment environment, and incentives in the Vietnam – Cuba Trade Agreement, especially the Government’s incentive policies for Vietnam.

The seminar attracted the attention of nearly 100 Vietnamese businesses in many fields such as energy, electrical equipment, consumer goods, furniture, and agriculture. Businesses continuously raise questions related to the market, investment policies, and incentive mechanisms of ViMariel Industrial Park and the Government for Vietnamese businesses. Besides, many investors expressed special interest in the potentials, advantages and development opportunities when investing in ViMariel Industrial Park.

ViMariel Industrial Park is the first industrial park invested by foreign enterprises in Cuba. The industrial park is developed by ViMariel Company – a subsidiary of Viglacera Corporation – JSC, located in Subdivision A10, Area A, in Mariel Special Development Zone, Artemisa Province, Republic of Cuba. The industrial park was started at the end of 2018 with a scale of 156 hectares and the project period lasts 50 years, in the future it will expand to 256 hectares.

ViMariel Industrial Park is located in the commercial center of the Caribbean, easily connecting to neighboring key areas.

After 5 years of investment and development, ViMariel Industrial Park has become a reliable investment destination for a series of businesses from Europe and Vietnam in many fields such as manufacturing construction materials, water filtration equipment, packaging and packaging machinery, animal feed, agriculture, consumer goods, etc. with a total investment capital of nearly USD 100 million.

It can be seen that ViMariel Industrial Park brings many significant advantages to investors. The economic zone has a prime location near the capital La Habana and Jose Marti International Airport, with many convenient road and rail transportation facilities, quickly connecting with other key areas.

Notably, ViMariel Industrial Park is also located close to TC Mariel – the most important deep-water seaport in the Caribbean and Central America that capable of serving a market of more than 400 million people.

Besides the advantage of location, businesses investing in ViMariel Industrial Park also receive special incentives on corporate income tax, personal income tax, customs tax, etc. are only reserved for Special Economic Zones, as well as tax incentives under the Vietnam-Cuba Trade Agreement.

In particular, with more than 20 years of experience in investing and developing 12 Industrial Parks in Vietnam and Cuba, the investor commits that businesses investing in ViMariel Industrial Park will receive maximum support and companionship from the Company throughout the process, from preparation and research procedures to investment and business establishment, helping to save costs, time and minimize risks for businesses.

Planning of the surface of ViMariel Industrial Park.

Currently, ViMariel Industrial Park has a clean land fund invested in synchronous, modern, and complete technical infrastructure and services, meeting international standards, ready to welcome investors to build factories and develop projects.

Souce: Viglacera