Vietnam, Cuba see potential for trade growth
The state visit to Cuba by Party General Secretary and State President To Lam next week is expected to further strengthen the two countries’ bilateral relationship, fostering their sustainable trade development.
Cuba was the first Latin American country to establish diplomatic relations with Vietnam in 1960. In the period before 2019, bilateral trade grew at more than 20% a year. According to the General Department of Vietnam Customs, their bilateral trade reached 155.5 million USD last year, with Vietnam's exports to Cuba accounting for the entire amount and no imports from Cuba to Vietnam recorded. In the first eight months of 2024, bilateral trade reached 134.7 million USD, up 187% year-on-year. Of this, Vietnam’s exports were valued at 133.36 million USD and imports 1.33 million USD.









