This is the first time-limited concession project that Cuba has granted to a 100% foreign-owned enterprise.
On the morning of December 3 (local time), as part of an official visit and working trip to Cuba, Deputy Prime Minister Ho Quoc Dung and the delegation visited the Mariel Special Economic Zone (SEZ).
The Mariel Special Economic Zone, established in November 2013, is a project with a long-term vision and forms part of Cuba’s process of updating its economic model.
It is the first and only special economic zone of the island nation, offering numerous preferential policies on taxation, administrative procedures, land, and energy, along with a modern and synchronized infrastructure system. Currently, the zone hosts more than 60 projects, including 52 foreign-invested projects, among which there are 9 projects from Vietnam.
The Deputy Prime Minister congratulated and highly appreciated the Government of Cuba for the positive results achieved in the implementation of projects at the Mariel SEZ, particularly the ViMariel project—an outcome of cooperation between Viglacera Group (VGC) of Vietnam and Cuban partners.
Deputy Prime Minister Ho Quoc Dung visits the ViMariel project developed by Viglacera – Photo: VGP/Gia Huy
During his visit to the ViMariel Industrial Park Infrastructure Development Project, invested by Viglacera Corporation, the Deputy Prime Minister expressed his pleasure at witnessing the project’s development.
The Deputy Prime Minister commended the collective efforts of the managers and employees of ViMariel Company for overcoming difficulties to complete the investment and construction of the infrastructure. In its initial phase, the project has already attracted several Vietnamese and international investors and is currently negotiating with many potential partners.
According to the Deputy Prime Minister, the success of ViMariel contributes to the effective implementation of high-level cooperation agreements between the two countries, demonstrating Vietnam’s determination to promote effective and sustainable cooperation with Cuba. At the same time, the project has supported Cuba in developing production capacity, creating more jobs, and promoting socio-economic development.
To facilitate business operations, the Deputy Prime Minister requested that the Management Board of the Mariel SEZ and relevant Cuban authorities continue to support the unit in effectively exploiting the project. This will help increase the infrastructure occupancy rate, thereby promoting comprehensive cooperation between Vietnam and Cuba.
ViMariel Industrial Park has a total area of 256 hectares, located within the Mariel Special Economic Zone and less than 50 km from the capital city of La Habana. This is the first time-limited concession project granted by Cuba to a wholly foreign-owned enterprise.
Leveraging its experience in industrial park infrastructure and real estate investment in Vietnam, Viglacera has developed ViMariel in a synchronized and modern manner, opening up opportunities for investors to build factories and carry out production and business activities.
Over many years of operation, ViMariel has attracted enterprises from various sectors, including food production, consumer goods, construction materials, electrical and electronics, mechanical engineering, agriculture, pharmaceuticals, and medical equipment.
