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Vietnamese Company Strengthens Presence in Cuba |
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Monday, May 2, 2016
Havana.- Thai Vietnamese company Binh will begin operations on the island next year, with two factories, one devoted to detergent and another to disposable diapers.
Both plants will be located in the so-called Mariel Special Development Zone (ZEDM), in western Cuba, as part of the new investment strategy in the Caribbean country.
Company executives acknowledged the facilities offered by the island for business, having access to preferential taxes.
In addition, Cuba is essential for its strategic position in the Caribbean and Latin America, and is in the plans to expand foreign trade company.
Added to this, there are plans to open a furniture factory and investments in real estate at the prospect of sustained growth in the Cuban market.
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