Vietnam and Cuba inaugurate investments in Mariel

Cuba and Vietnam inaugurate investments in Mariel

HAVANA, Apr 22nd  Presidents of the Cuban and Vietnamese parliaments, Esteban Lazo and Vuong Dinh Hue, respectively, inaugurated today new investment projects in the Mariel Special Development Zone (ZED).

Both parliamentary leaders cut the inaugural ribbon for a detergent factory under the firm Suchel TBV S.A. and a solar energy park, reported the Twitter profile of the National Assembly of Cuba.

According to the ZED Mariel website, Suchel TBV S.A. is made up of the Cuban Mercantile Society Industrias Nexus s.a. and the Vietnamese Thai Binh Detergent Joint–Stock Company. It is authorized to operate in Cuba for a period of 30 years from its registration in the Mercantile Registry of the Caribbean island.

The plant has an annual production capacity of 50,000 tons of detergents for domestic and industrial use, figures that will make it possible to replace more than 90 percent of the imports of this product in the country.

With an initial investment amount estimated at about 17 million 615 thousand dollars, the factory will have modern technologies and automatic control systems, according to world standards.

In addition, its processes will be friendly to the environment, by requiring low energy consumption and generating a minimum of industrial waste, argues the publication.

Meanwhile, the Vietnamese investment in photovoltaic energy responds to the energy policy of the Cuban state that promotes sustainable economic development through technological innovation and the use of clean technologies.

In the Mariel Special Development Zone, two variants of photovoltaic solar energy generation are implemented: photovoltaic solar installation on roofs and in photovoltaic parks referred to the aforementioned site.

Lazo and Dinh Hue also visited production plants of the Center for Genetic Engineering and Biotechnology (CIGB) and the Cuban business group BioCubaFarma, the profile of the Cuban Parliament revealed in a tweet.

The CIGB is a Cuban scientific research center that works in the fields of medicine, biology, the agricultural sector and the environment.

Meanwhile, BioCubaFarma is in charge of producing medicines, equipment and high-tech services aimed at improving the health of the people and the generation of exportable goods and services, as a result of the technical-scientific development achieved by Cuba.