- Green Growth
- Your Consultant
Vietnamese minister Truong Quang Nghia said despite economic difficulties, his country considers the development of infrastructure, including transport facilities, among the breakthroughs needed to be made. Hence, it wants to encourage investment from all sources, including private and foreign investors, through build-operate-transfer (BOT) and public-private partnership (PPP).
Vietnam is overhauling mechanisms to call for the participation of those investors while joining in multilateral free trade agreements to attract more foreign investment.
He said the advisors and supervisors of the Cuban ministry’s Dinvai company have performed well with projects in Vietnam. However, they should update their professional knowledge and understanding of local laws to improve their performance.
For his part, Cuban Minister of Construction Rene Mesa Villafana said the resolution of the Communist Party of Cuba’s seventh national congress in April stresses that Cuba must summon resources to develop infrastructure. In terms of transport, it has to build expressways and upgrade inter-provincial roads.
Therefore, Cuba is learning from the experiences of other countries, including Vietnam, he added.
He said the Caribbean nation wishes to promote cooperation with Vietnam in transport infrastructure construction, especially when more and more Cuban companies and specialists are taking part in transport projects in the Southeast Asian country.
At the talks, the two sides agreed to push ahead with transport agreements, including in navigation and aviation.